In The News

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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San Diego, Calif.—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a participation loan to Community HousingWorks (CHW), a nonprofit developer of affordable housing, for the acquisition of 2601-2685 Ulric Street, a 36-unit multifamily community in San Diego, Calif. CHW plans to develop the property so that

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FOR IMMEDIATE RELEASE: 2/22/2017 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Waterloo, Iowa—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a loan to Chesapeake Community Advisors (CCA) and Trinity Village Non Profit Housing Corp. (Trinity) for the acquisition of Cedar River Tower, an 85-home community for

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FOR IMMEDIATE RELEASE: 10/26/2016 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Denver, CO—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., announced that it has partnered with Mercy Housing, Inc. (MHI) to preserve 106 affordable homes for single parents in Denver, Colo. MLF has provided MHI with a $5

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McPherson Woods

FOR IMMEDIATE RELEASE: 9/28/2016 Contact: Amelia Laing Content Manager alaing@mercyhousing.org 303-830-3432 Denver, CO—Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a bridge loan to National Church Residences (NCR) for the refinance of McPherson Woods, an affordable, 50-home community for families in Mansfield, Ohio, a small town

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“As the affordable housing crisis continues, and in many places worsens, most of the new development is going to market-rate housing,” said Jason Battista, President of MLF. “This generous grant will help us address the desperate shortage of affordable housing in the most vulnerable communities.”

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Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI), announced today that Aeris, an agency that provides information for community investors, has upgraded its rating from A+ to AA.

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The 2015 Mercy Housing Annual Report is now available! At Mercy Housing, we recognize that safe, affordable, service-enriched housing helps people invest in themselves and their communities. On behalf of our eight Sponsor Communities, our Board of Trustees, and everyone who works at Mercy Housing, we thank you. Thank you to our donors, financial partners,

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Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Two of the nation’s leading Community Development Financial Institutions – Mercy Loan Fund (MLF) and Enterprise Community Loan Fund (Loan Fund) – have partnered to ensure that 466 homes at the Compton Groves Apartments will remain affordable for low-income and working families living in the Cincinnati suburb of Mt. Healthy, Ohio.

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