In The News

Mercy Housing California is extremely pleased to announce renewed and increased support thanks to a $150,000 grant from Wells Fargo. The grant was awarded as part of Wells Fargo’s Welcome Home program. The funding will support Mercy Housing California’s new affordable projects in development in 2012. “We are honored to receive this generous award from

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Just before the New Year, the California Supreme Court upheld legislation which eliminates all of the redevelopment agencies in the state on February 1, 2012. Until the ruling, redevelopment agencies have been required to spend 20% of their revenue on the creation and preservation of affordable homes for low and moderate income households. These agencies provided nearly $1 billion per year for affordable housing-money that has been critical to Mercy’s work in nearly every community that we serve.

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On October 28, 2009, Affordable Housing Finance magazine, the leading business-to-business publication in the affordable housing industry, held its annual Readers’ Choice Awards and Hall of Fame Luncheon at the Palmer House in downtown Chicago at the conclusion of AHF Live: The Affordable Housing Developers’ Summit. The luncheon, sponsored by Bank of America/Merrill Lynch, honored

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Mercy Housing receives two grants worth $750,000 from Citi Foundation. The grants will be used to expand the development of affordable housing in Illinois, California and throughout the nation.

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Mercy Housing California dedicated two new affordable housing communities in Sacramento this month — Ardenaire Apartments on May 15 and Martin Luther King, Jr. Village on May 21. Ardenaire Apartments is a 53-unit property for low-income individuals and families. Nineteen of the refurbished, affordable apartment homes are for formerly homeless families and individuals. Martin Luther King, Jr. Village consists

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Low-income families, seniors and people with special needs from San Francisco to Atlanta will have more safe, quality affordable housing and programs to help them improve their lives, thanks to a $500,000 grant from Bank of America and Bank of America Charitable Foundation.   The award is the second part of a two-year, $1 million

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More than 240 children who live at Mercy Housing California’s Bay Area properties will receive Christmas presents this year thanks to Equity Residential.

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Mission Creek Senior Community in San Francisco. The U.S. Environmental Protection Agency (EPA) is recognizing Mercy Housing California and the San Francisco Housing Authority for innovative approaches to development that expand economic opportunity and protect public health and the environment. Here is an excerpt from the EPA Press Release: Mercy Housing California and the San

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