In The News

2021 was truly a breakout year on all fronts for Mercy Community Capital (MCC). With the continued economic uncertainty from COVID-19, MCC was able to attain excellent business and financial results that showcase our sustainability; however, we are more excited about how these results translated into real impact. We believe we are called to contribute

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

I am very pleased to announce that Ismael Guerrero has assumed his role as Mercy Housing’s President and CEO, effective today. As way of introduction, I invite you to watch the short video below: After an exhaustive national search, we knew that there was no better person to lead Mercy Housing than Ismael. His visionary

PRESS RELEASE For Immediate Release:  January 9, 2020 Contact:    Kate Peterson | 303.830.3443 | kpeterson@mercyhousing.org Mercy Community Capital is a leading Community Development Financial Institution (CDFI), and they’ve changed their name, but the mission remains—to work nationally with socially responsible affordable housing and community developers, providing innovative financing arrangements for creditworthy projects where conventional financing

Mercy Community Capital (MCC) (FKA Mercy Loan Fund) has reached an historic milestone: $3 billion leveraged in development costs on affordable housing properties financed. Historically over the past 34 years, every dollar lent by MCC helped to create or preserve $9 of affordable housing. Over the past several years, MCC has purposely increased its participation lending

Mercy Loan Fund announced today that it has received a $4.5 million grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) DENVER— Mercy Loan Fund (MLF), a subsidiary of Mercy Housing, Inc. (MHI), a leading national affordable housing nonprofit, will use the money to invest in much-needed affordable housing across

Mercy Loan Fund has received its annual Aeris rating of AA+, maintaining its three-level increase in three years. Aeris provides the only comprehensive, third-party assessment of Community Development Financial Institution (CDFI) loan funds and helps community investors evaluate opportunities that meet their impact goals and risk parameters. The AA+ financial rating signifies that MLF has

An important aspect of Mercy Loan Fund’s business as a national lender is the relationships it builds with national developers of affordable housing.  One such organization, Wishrock, first came to Mercy Loan Fund in 2015…

Leading Community Development Financial Institutions (CDFIs) partner to preserve the only senior affordable housing units in Worcester, Massachusetts. WORCESTER, MA — Mercy Loan Fund (MLF) has provided a crucial loan to acquire and rehab Emanuel Village Apartments for low-income seniors. In Worcester, 40 miles west of Boston, 61% of seniors are earning less than $40K

Mercy Loan Fund (MLF) provided the National Church Residences (NCR) with a loan to purchase Eden Cross, an affordable housing community with 50 homes in 13 single-story buildings for people 62 years of age and older in Seguin, Texas. “MLF is excited to partner with NCR for the seventh time. NCR and MLF share a like-minded