In The News
Mercy Housing Inc. Receives $12...
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
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Mercy Community Capital Announces...
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
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Changes in MCC Leadership
On behalf of Mercy Community Capital’s Board of Directors, it is with mixed emotions that I share that Jason Battista will be leaving Mercy Community Capital this June. We are very grateful for his service and dedication to Mercy Housing’s mission over the years, and wish him the best of luck in his new role.
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A Season of Giving
Volunteers Brittany and Joe help bring Thanksgiving to Grace Apartments Thanksgiving at Grace Apartments wouldn’t be the same without Mercy Housing volunteers Brittany and her husband Joe! The residents at Grace Apartments are so thankful for all Brittany & Joe do for them, and for all of Mercy Housing. This year they managed to serve
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"To work for the common good is...
Mercy Community Capital (MCC) is grateful for a stellar and impactful 2022 fiscal year. MCC’s talented staff, thoughtful board of directors, and engaged committees worked diligently — and achieved excellent results — for the common good in 2022. 2022 MCC Highlights include: Impact: Our financing activities created and/or preserved 4,060 units of affordable housing and served
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Predevelopment Loans to Brinshore...
Two loans totaling $2 million will provide predevelopment funds for two new affordable housing communities in the Denver Metro Area DENVER – Mercy Community Capital (MCC) has provided two predevelopment loans to Brinshore Development and Mile High Development for two new affordable housing communities, Northfield Flats, and Ralston Gardens. These communities will provide much-needed affordable
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Combatting the Affordable Housing...
Authored By: Steven Spears SVP and CFO At Mercy Housing Inc., we have created a funding tool to help combat the country’s ongoing affordable housing crisis. The Gap Note Program fills financing gaps to pave the way for affordable housing to be developed quickly and efficiently nationwide, providing new and renovated homes to thousands of residents. The creation and
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Mercy Community Capital Provides...
Three loans, totaling $9,232,000, will provide land to develop homes with services for communities living with lower incomes. DENVER—Wishcamper Development Partners (WDP) and Mercy Community Capital (MCC) partnered on three pivotal land acquisition loans to develop greatly needed affordable housing and resident services for people living with lower incomes in the Oregon towns of Woodburn,
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Mercy Community Capital Receives...
PRESS RELEASE For Immediate Release: April 19, 2020 DENVER—Mercy Community Capital (MCC) was selected to receive the highly sought-after Capital Magnet Fund (CMF) award in 2016, 2018, and most recently in 2020 to fund affordable housing communities. This public-private partnership will allow MCC to leverage capital at both the investment- and project-level by at least
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Housing is Built With Ballots...
We are less than two months away from Election Day, and there is much that can be done to boost voter registration and turnout among low-income renters. The National Low Income Housing Coalition has been engaged through the Our Homes, Our Votes 2020 campaign that provides tools and resources to housing organizations like ours who
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