Mercy Loan Fund

Mercy Loan Fund – Mercy Housing News
Mercy Loan Fund Maintains High Aeris Rating of AA+
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 … Continue reading
Thursday, November 15, 2018 12:48:13 PM

Partners in Preservation
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 for a loan to preserve Rio Vista Apartments, a 75-unit low-income rental property for the elderly and disabled in Albuquerque, … Continue reading
Friday, October 05, 2018 9:17:11 AM

$6.7 Million Loan Maintains Essential Affordable Housing for Seniors in Central Massachusetts:
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 … Continue reading
Wednesday, August 22, 2018 10:24:34 AM

Mercy Loan Fund Partners with National Church Residences to Provide Senior Homes
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 … Continue reading
Thursday, August 02, 2018 9:25:16 AM

Rapid-Response Financing Now Available From CDFIs
FOR IMMEDIATE RELEASE: Contact: John Keaten 212.784.5701 jkeaten@groupgordon.com WASHINGTON – Affordable housing providers and community facilities can now apply for rapid-response financing. The Fund for Rapid Recovery and Rebuilding helps organizations focus on communities that need support to continue their missions. Three Community Development Financial Institutions (CDFIs): Enterprise Community Loan Fund (Enterprise), Mercy Loan Fund … Continue reading
Wednesday, January 24, 2018 10:00:12 AM

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