In The News

Preservation of Affordable Housing (POAH) and Mercy Loan Fund (MLF) have partnered to preserve Central Annex / Union Court Apartments, a 101-unit affordable housing development for the elderly and those with special needs in Pittsfield, Massachusetts. A $2.4 million loan from MLF will allow POAH to maintain the physical asset of the property and ensure

Mercy Housing’s sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. “In the current economic environment, it’s important our donors trust that we’re using our funding wisely to accomplish our mission of providing program-enriched affordable housing for families and individuals,”

by Eva Wingren, Mercy Housing Policy Associate From the proposed short-funding of Project Based Section 8 to the fiscal cliff, it’s been a scary year for affordable housing. There were some 11th hour victories, such as the extension of the New Markets Tax Credit and the 9% fixed rate for the Housing Credit. However, I

Although the markets are beginning to recover, the economic crash devastated families and neighborhoods throughout the region.  For those who were most affected, recovery remains difficult.  Thanks to many philanthropic and project partners, however, there is hope.  In the first three years of the Moving Forward Together campaign, Mercy Housing has built or preserved 1,583

In November, residents of Wilmington’s New Dana Strand celebrated the successful transformation of the community with key partners, the Los Angeles Police Department (LAPD) and Mercy Housing California (MHC). MHC received an award of $20,000 from the Local Initiatives Support Corporation (LISC) and MetLife Foundation Community-Police Partnership for the revitalization of New Dana Strand. The

Thanks to many philanthropic and project partners, Mercy Housing Lakefront and Mercy Portfolio Services built or preserved 1,583 affordable homes, sustained 3,564 jobs, and helped 3,891 people to live in hope over the past three years. With your continuing help, we will ultimately fulfill the ten-year goals of the Moving Forward Together campaign to build

With almost $1 million in philanthropic support over the past twelve months, 180° Properties has been able to expand property preservation services throughout the Lake Michigan region, including Gary, Chicago, and Milwaukee. With this expansion, 180° Properties has now created 49 jobs and has completed 24,982 work orders to protect and maintain 5,970 homes throughout the

More than 15 U.S. Bank volunteers, Hope House staff members and community supporters joined residents at the Johnston Center to celebrate the 2nd Anniversary of the completion of the supportive housing building.  “We are so grateful for U.S. Bank’s ongoing commitment to the Johnston Center Residences,” said Cindy Holler, president of Mercy Housing Lakefront. “In

Mercy Housing Lakefront unveiled the Lakefront Residences of Grayslake, the organization’s newest building, earlier this month. The 70-unit new construction building will serve seniors in Grayslake and throughout Lake County. Grayslake Mayor Rhett Taylor as well as State Representative-elect Sam Yingling attended the ribbon-cutting ceremony. “We are thrilled to welcome Mercy Housing to the Grayslake

Source: Grayslake Patch Lakefront Residences of Grayslake, an affordable senior housing development, recently opened a new 3-story, 70-unit residential building across from Grays Lake at Belvidere and Neville roads. Developed by non-profit Mercy Housing Lakefront, the building features 63 one-bedroom units and seven one-bedroom units with a den. Of the 70 units, 25 will be