Mercy Loan Fund

Mercy Loan Fund – Mercy Housing News
$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 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

Coming Together
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 … Continue reading
Monday, December 11, 2017 12:19:32 PM

Mercy Loan Fund Rating Increased to AA+
FOR IMMEDIATE RELEASE: Contact: Kate Peterson Director, Marketing & Communications 303-830-3443 Denver, CO—Aeris has upgraded Mercy Loan Fund (MLF) from AA to AA+ on the standard Wall Street scale, putting MLF in the top 15% of rated Community Development Financial Institutions (CDFI).  MLF’s rating has increased three levels in the past two years. Aeris … Continue reading
Thursday, October 19, 2017 2:09:51 PM

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