In The News

by Jason Battista We couldn’t be more different. I am white; he is the son of Bangladeshi immigrants. I grew up in an upper-middle class household; he grew up in poverty. I attended the very best schools in the state; he attended schools on the verge of being closed for low performance. I was raised

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Why We Need the CDFI Fund

Last week, we saw the current administration’s first budget proposal, which calls for a $54 billion increase in military spending, funded by cuts to nonmilitary programs. The New York Times reported that, as part of these cuts, the U.S. Treasury’s Community Development Financial Institution (CDFI) Fund (“the Fund”) will be “all but eliminated.” While it

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Jane Graf - Mercy Housing

Problems in housing can lead to problems in health, and vice versa. At Mercy Housing, we recognize that in order to break the cycle of poverty, people must not only have a home, they must also have the tools they need to manage their health.

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CDFI

Please join Mercy Loan Fund in showing your support for CDFIs by signing this letter. The letter closes on April 30th, 2015.

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Mercy Loan Fund supports President Obama’s “My Brother’s Keeper” initiative to assist youth in underserved communities

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Mercy Housing Supports Colorado House Bill 14-1017 to expand availability of affordable housing

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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

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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

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Community Matters Newsletter – Fall 2012 Thanks to a $1,159,055 loan from Mercy Loan Fund (MLF) to ROC USA® Capital (ROC USA), 384 low-income residents at Champion Mobile Home Park in Elbridge, New York will continue to have quality, affordable housing. Champion consists of 170 mobile homes owned by seniors and working families, the majority

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Mercy Loan Fund understands that affordable housing answers only one community need. Commercial lending is often not available, or too expensive, to build facilities in low income communities. MLF has therefore pursued New Markets Tax Credits to expand the suite of financial products available to low income communities. MLF focuses on funding facilities that help

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