In The News

With rental prices on the rise, local organizations partnered to renovate and improve St. Mary Tower, an amenity-rich affordable housing community for seniors. LONG BEACH, CA — Mercy Housing California (MHC) is pleased to announce the successful completion of large-scale renovations and upgrades to St. Mary Tower, a 13-story complex of 146 affordable apartments for

Mercy Housing, a national nonprofit affordable housing developer and service provider, has embarked on a mission to create affordable senior housing despite the lack of capital funding for such projects. To accomplish their mission, they have turned to a novel private capital finance structure. By using this uncommon funding approach, as part of their Senior Health and Housing Initiative, they hope to acquire existing buildings and convert them into affordable, service-enriched housing in a fraction of the time it typically takes to complete such projects.