In The News

Throughout 2025, Mercy Community Capital (MCC) continued to support developers who were relatively new to affordable housing or had limited access to traditional debt sources. As a Community Development Financial Institution (CDFI), MCC makes a concerted effort to provide capital in support of affordable housing developments where capital may be otherwise difficult to obtain. For

Mercy Community Capital has received a 2024 Capital Magnet Fund award. The award is being used to create a new permanent loan product available for projects in Arizona, California, Colorado, Florida, Georgia, Ohio, Texas, Wyoming, or rural census tracts in any state. To qualify, the project must have at least 50% of units at 60%

The Affordable Housing Program (AHP) is a competitive grant program that provides gap financing for the acquisition, rehabilitation, or new construction of qualifying owner-occupied and rental housing projects. This year’s AHP round for the Federal Home Loan Bank of Topeka opened July 1 with a maximum subsidy of $1.5 million per project. The round closes

In June, MCC closed a construction-to-permanent loan in support of Delara Chase, a 116-unit 9% LIHTC rehab project with 110 units limited to 30%, 50%, and 60% AMI, including 20 units supported by a Section 8 HAP contract. Originally, the project was expected to receive funds through the Greenhouse Gas Reduction Fund (GGRF). However, due

Investment will support the acquisition and rehabilitation needs of Towne Gardens in Buffalo, New York Mercy Community Capital (MCC) has purchased a $3,868,163 million portion of Housing Partnership Fund’s (HPF) $20.6 million loan to the National Housing Partnership Foundation (NHPF) and BFC Partners (BFC) to support the acquisition and rehabilitation needs of the Towne Gardens

Mercy Community Capital (MCC) has provided a $250,000 social impact investment to The Friendship Bridge to support its microlending operations for women entrepreneurs in Guatemala. Based in Lakewood, Colorado, the Friendship Bridge supports clients from areas in Guatemala where access to capital is significantly restricted. These microloans help clients support and expand their businesses. Average

Cuyler-Brownsville, one of the most historic neighborhoods in Savannah, Georgia, began when newly freed slaves migrated from farms and barrier islands into the city after the Civil War. Known for its rich history and character, the Cuyler-Brownsville neighborhood, with its row houses and Victorian single-family homes, is listed on the National Register of Historic Places.

“We can do better…” – Patricia O’Roark We celebrate the perseverance and vision of Mercy Housing’s Foundress, Patricia O’Roark, for her lasting commitment to creating vibrant communities built to help individuals, families, seniors, veterans, and people with special needs reach their full potential. Our story begins in 1981 when Patricia O’Roark (then Sister Timothy Marie

Contact:  Kate Peterson | 303.830.3443 |  kpeterson@mercyhousing.org October 26 – DENVER— Mercy Housing, Inc. (MHI) was selected for a highly competitive Capital Magnet Fund (CMF) award to help provide gap funding for several affordable housing communities currently in our development pipeline. MHI received the maximum award amount of $12 million. The Capital Magnet Fund grant will allow

Contact:  Kate Peterson / 303.830.3443 KPeterson@mercyhousing.org DENVER, CO – Mercy Community Capital is excited to announce Stefanie Joy as the new President of the national Community Development Financial Institution. Joy will replace Jason Battista who resigned last month to become a development partner with St. Charles Town Company. Joy brings decades of multifamily housing finance