Mercy Portfolio Services
Stabilizing neighborhoods and preserving affordable, low-income housing.
Mercy Portfolio Services, a subsidiary of Mercy Housing, is responding to the foreclosure crisis with the goal of stabilizing neighborhoods and preserving affordable, low-income housing in the City of Chicago through the Neighborhood Stabilization Program.
Through this program, Mercy Portfolio Services acquires, rehabs and reoccupies foreclosed homes through their management of the City of Chicago’s $185 million in funding and program income from the Neighborhood Stabilization Program. Two properties managed through this program recently won Good Neighbor Awards for renovated properties in North Lawndale and Englewood using Neighborhood Stabilization Program funds! Learn more »
Mercy Portfolio Services will make a long-term impact on the availability of low-income housing for families, seniors, the homeless and those with special needs.