In The News
Collaboration Builds Lasting...
Mercy Loan Fund understands the importance of building strong relationships with its borrowers as they strive to meet our nation’s housing challenges. Many of these relationships have resulted in collaboration of multiple developments. In the past 10 years, Mercy Loan Fund has provided multiple loans to thirty percent of its borrowers. Mercy Loan Fund has
Read MoreCesar Chavez Foundation Receives...
A $9.9 million loan to the Cesar Chavez Foundation (CCF) from Mercy Loan Fund, in partnership with the Low Income Investment Fund (LIIF), enabled CCF to acquire 280 apartments allowing 505 low-income residents to continue to have quality, affordable housing at The Park at Cliff Creek in Dallas, Texas. The Park at Cliff Creek provides
Read MoreMercy Housing Supports Colorado...
Mercy Housing Supports Colorado House Bill 14-1017 to expand availability of affordable housing
Read MoreMercy Loan Fund appoints new members...
Mercy Loan Fund is pleased to announce the appointment of Jaime G. Gomez and Maureen Warren to its Board of Directors. Mercy Loan Fund is a national nonprofit community lending organization headquartered in Denver.
Read MoreMercy Loan Fund receives $1,347,000...
Mercy Loan Fund receives $1,347,000 financial assistance award from U.S. Treasury’s CDFI Fund – Allocation provides local affordable housing developers funding needed to rebuild healthy communities
Read MoreThistle Communities receives...
Mercy Loan Fund, Community Housing Capital and Mile High Community Loan Fund recently partnered to close a $3.3 million loan to Thistle Communities to create 1000 Rosewood, a mixed-income, for-sale, single family home development located in North Boulder, Colo. Mercy Loan Fund’s portion the loan was $1 million. This strategic partnership allowed Mercy Loan Fund
Read MoreTrillium Asset Management Supports...
Investments in Mercy Loan Fund come from many sources, including religious institutions, banks, health care systems, corporations, foundations, the government and individuals. Since 1990, Trillium Asset Management (Trillium) has brought individual and institutional investors to Mercy Loan Fund. “The global economic meltdown has been a stark reminder of the importance of affordable housing and essential
Read MoreMLF Provides First Ever Loan for...
In 1996, Illinois created the Supportive Living Facility (SLF) program under the Department of Healthcare and Family Services (“DHFS”) in response to the Medicaid waiver option given to states to for the purpose of creating state-specific health care delivery service programs. DHFS created a program to license and monitor SLFs in Illinois as a way
Read MoreGoldblatts Supportive Living...
Thanks to a $1,460,000 bridge loan from Mercy Loan Fund to Fencl/Platt LLC, low-income seniors will have quality affordable housing at Goldblatts Supportive Living Facility on Chicago’s south side. The Goldblatts Supportive Living Facility, located in the former Goldblatt’s department store, will consist of 101 units restricted for seniors at or below 60 percent of
Read MoreMercy Loan Fund and POAH partner...
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
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