Jan 02New Name, Same Great Mission
Mercy Loan Fund has changed its name to Mercy Community Capital (MCC)
Why the Name Change?
The name change reflects Mercy Community Capital’s (MCC) expanding business activities and the larger focus of providing catalytic capital where dollars make affordable housing deals possible. The name is being updated in concert with our new 2020-2024 Business Plan that includes doing more than just loans – e.g., mezzanine financing, equity-like products, investments in funds, microfinance, etc. MCC retains our important Mercy Housing brand, emphasizes our priorities at the community level, and expands our focus from loans to capital more broadly.
It’s a name change, and MCC’s mission will continue — to create stable, vibrant, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing opportunities.
They’re As Cool As They Look
Community Development Financial Institutions (CDFI) like MCC are cool because they create essential funding to develop affordable housing with other organizations that share a triple bottom line. They care about the future of communities and work hard to ensure that the financial support is there for the longterm. Real estate is rarely cheap. It takes a lot of trust, knowledge, and expertise to make MCC’s success possible.