In The News

October 2012 Affordable Housing Finance Mercy Housing CEO Sister Lillian Murphy, RSM, was recently featured in Affordable Housing Finance Magazine’s 2012 election guide. This election could have major impacts on the affordable housing industry. When asked about the top housing priority for the incoming 113th Congress, Sister Lillian responded: “Preserve the LIHTC, New Markets Tax

Our Public Policy and Advocacy Team has been hard at work trying to continue support for key Community Development Financial Institution programs. Julie Gould, Mercy Loan Fund President and Senior Vice President of Public Policy Advocacy, recently signed on to the following letters: “Restart the Clock” on the CDFI Bond Guarantee Program Delays in implementation

SAN FRANCISCO — A multi-year effort to revitalize public housing in San Francisco’s Visitacion Valley community has taken a major step forward. The Sunnydale HOPE SF Project developed in partnership with Mercy Housing California (MHC) and The Related Companies of California (Related California) has been selected by the U.S. Department of Housing and Urban Development

Over the next four decades as the nation’s baby boomers age, more than 48 million people are projected to be added to the ranks of the 65 and older population. What’s even more staggering, the 85 and older population is expected to more than triple from 5.8 million in 2010 to 19 million in 2050 according to the Center for Housing Policy.

Source: The Sacramento Bee Trying to find affordable rental housing in the Sacramento region is a bit like playing the lottery: Fifty thousand prospective tenants recently vied for one of 3,000 slots on a Sacramento County waiting list for subsidized housing. Families are waiting two years for an apartment in an affordable housing complex in

Two Mercy Housing properties – Harold Washington Apartments in Chicago and Savannah Gardens in Georgia – are finalists for Affordable Housing Finance magazine’s Eighth Annual Readers’ Choice Awards. Subscribers to the magazine can vote for either property online at www.housingfinance.com through August 15. Mercy Housing Lakefront’s Harold Washington Apartments preserves 69 units of affordable housing for formerly

Our nation’s economy continues to flounder, forcing more and more Americans to abandon, or at least to postpone, their dreams of home ownership. But as the number of renters rises, so do rental costs. The National Housing Conference states that a person should spend no more that 30% of his or her gross income on

Mercy Housing joined the ranks of some of the best affordable housing developers and owners in the United States, when it made Affordable Housing Finance Magazine’s lists of Top 50 Affordable Housing Developers and Top 50 Affordable Housing Owners in 2011. Affordable Housing Finance published the list in its April/May 2012 issue. Mercy Housing was

Guest Post by Maya Brennan, Center for Housing Policy Surveys consistently have found that more than 90 percent of older adults want to stay in their own home as they age.  Now think about where you live. Is it set up to meet the needs of a 65-year-old? What about an 85-year-old?  As the population

Mercy Housing Northwest – Idaho received a grant from the Lightfoot Foundation to fund Resident Services programs and the search for a new affordable multifamily site in Boise. The Lightfoot Foundation is a long-time supporter of Mercy Housing Northwest-Idaho and we are delighted to partner with them again in 2012!