In The News

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

Although the markets are beginning to recover, the economic crash devastated families and neighborhoods throughout the region.  For those who were most affected, recovery remains difficult.  Thanks to many philanthropic and project partners, however, there is hope.  In the first three years of the Moving Forward Together campaign, Mercy Housing has built or preserved 1,583

In November, residents of Wilmington’s New Dana Strand celebrated the successful transformation of the community with key partners, the Los Angeles Police Department (LAPD) and Mercy Housing California (MHC). MHC received an award of $20,000 from the Local Initiatives Support Corporation (LISC) and MetLife Foundation Community-Police Partnership for the revitalization of New Dana Strand. The

Thanks to many philanthropic and project partners, Mercy Housing Lakefront and Mercy Portfolio Services built or preserved 1,583 affordable homes, sustained 3,564 jobs, and helped 3,891 people to live in hope over the past three years. With your continuing help, we will ultimately fulfill the ten-year goals of the Moving Forward Together campaign to build

CHICAGO — With almost $1 million in philanthropic support over the past twelve months, 180° Properties expands property preservation services throughout the Lake Michigan region, including Gary, Chicago, and Milwaukee. With this expansion, 180° Properties has now created 49 jobs and has completed 24,982 work orders to protect and maintain 5,970 homes throughout the region. The

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

Community Matters Newsletter – Fall 2012 In order to prepare students for the 2012-2013 school year, U.S. Bank partnered with Mercy Housing to provide backpacks and schools supplies to approximately 500 children at four Mercy Housing properties: Grace Apartments in Denver, Appian Way in Kent WA, Pullman Wheelworks in Chicago and New Hope in Nampa,

Community Matters Newsletter – Fall 2012 Children deserve a chance to succeed in school and in life. At Mercy Housing, we know this begins with their families being able to afford a decent place to call home. The Center for Housing Policy recently updated its 2007 report, “The Positive Impacts of Affordable Housing on Education,”

Community Matters Newsletter – Fall 2012 Mercy Housing Southeast is the Winner of the Affordable Housing Finance Readers’ Choice Award in the Best Master-Planned/Mix-Use category! Originally built in 1943 to house employees of the Southeastern Shipbuilding Corp., the Strathmore Estates complex in the Savannah Gardens community of Savannah, Ga., was meant to be dismantled after

Community Matters Newsletter – Fall 2012 Summer was certainly a busy time for Mercy Housing Southeast, seeing three, new affordable senior communities celebrating grand openings in July and August. Mercy Housing welcomed home new residents to Etowah Terrace in Rome, Georgia; Antioch Villas and Gardens in Stone Mountain, Georgia; and the Arbors at Ellington in