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Meet Mercy Loan Fund!
Providing stable affordable homes to families in need is not easy, but it is a rewarding challenge! It takes teams of experts, a lot of collaboration, strong partnerships, and capital. Many people know that Mercy Housing provides affordable homes with services, but it’s not always common knowledge that we have our own loan fund—Mercy Loan
Read MoreMercy Loan Fund Rating Increased...
FOR IMMEDIATE RELEASE: Contact: Kate Peterson Director, Marketing & Communications kpeterson@mercyhousing.org 303-830-3443 Denver, CO—Aeris has upgraded Mercy Loan Fund (MLF) from AA to AA+ on the standard Wall Street scale, putting MLF in the top 15% of rated Community Development Financial Institutions (CDFI). MLF’s rating has increased three levels in the past two years. Aeris
Read MoreMercy Loan Fund Receives $776,500...
FOR IMMEDIATE RELEASE September 25, 2017 Contact: Kate Peterson kpeterson@mercyhousing.org Denver, CO–Mercy Loan Fund (MLF), a subsidiary of Mercy Housing and a leading Community Development Financial Institution (CDFI), announced today that it has received a CDFI/CORE Financial Assistance (FA) program award of $776,500 from the United States Treasury’s CDFI Fund. Mercy Loan Fund will use
Read MoreWhy We Need the CDFI Fund
Last week, we saw the current administration’s first budget proposal, which calls for a $54 billion increase in military spending, funded by cuts to nonmilitary programs. The New York Times reported that, as part of these cuts, the U.S. Treasury’s Community Development Financial Institution (CDFI) Fund (“the Fund”) will be “all but eliminated.” While it
Read MoreMercy Loan Fund Receives Federal...
“As the affordable housing crisis continues, and in many places worsens, most of the new development is going to market-rate housing,” said Jason Battista, President of MLF. “This generous grant will help us address the desperate shortage of affordable housing in the most vulnerable communities.”
Read MoreRating Agency Aeris Upgrades...
Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI), announced today that Aeris, an agency that provides information for community investors, has upgraded its rating from A+ to AA.
Read MoreMercy Loan Fund Partners with...
Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.
Read MoreCommunity Lenders Partner to...
Two of the nation’s leading Community Development Financial Institutions – Mercy Loan Fund (MLF) and Enterprise Community Loan Fund (Loan Fund) – have partnered to ensure that 466 homes at the Compton Groves Apartments will remain affordable for low-income and working families living in the Cincinnati suburb of Mt. Healthy, Ohio.
Read MoreMercy Loan Fund Partners with...
“We’re excited to work with strong partners such as Abode Communities and Mercy Loan Fund on the new Dana Strand IV, which will help to spur the larger redevelopment of the Wilmington community in Los Angeles,” said Cecile Chalifour, Director of the California Region at the Low Income Investment Fund. “
Read MoreMercy Loan Fund Partners with...
FOR IMMEDIATE RELEASE: 1/12/2016 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Denver, CO—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI), announced that it has partnered with Heartland Housing, Inc. (HHI), a developer and manager of affordable housing, to preserve more than 100 affordable homes at Leland Apartments, located in the Uptown neighborhood of
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