In The News

The transfer of these properties was the first of many. Eventually, all 33 FMI properties will be transferred to Mercy Housing, following the approval of the United States Department of Housing and Urban Development (HUD).

The Wheaton Franciscan Sisters are pleased to announce a new direction for Franciscan Ministries, Inc. under ownership and sponsorship of Mercy Housing, Inc. The proposed transfer is expected to occur in the first quarter of 2016 subject to the successful completion of due diligence, and will include Franciscan Ministries’ current 2,620 units of housing in addition to the pending acquisition of another 1,200 units in eight states.