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Seniors Tsunami
Over the next four decades as the nation’s baby boomers age, more than 48 million people are projected to be added to the ranks of the 65 and older population. What’s even more staggering, the 85 and older population is expected to more than triple from 5.8 million in 2010 to 19 million in 2050 according to the Center for Housing Policy.
Read MoreHUD’s Small Multifamily Property...
This letter summarizes our recent response to a HUD proposal to engage CDFIs on preserving small, unsubsidized rental projects. “Naturally affordable” multifamily properties of less than 50 units account for a much greater proportion of the affordable housing stock than government-assisted housing. For a mechanism, HUD proposed that GNMA-servicer-certified CDFIs would provide permanent debt for
Read MoreCDFI Bond Guarantee Program...
Mercy Loan Fund recently signed on to this letter encouraging the House of Representatives to include a technical fix to the CDFI Bond Guarantee Program (CBGP) language in the upcoming 6-month Continuing Resolution that will allow the government to fulfill its financial obligations despite not passing a budget. The CBGP This language adds NO COST
Read MoreMercy Housing opens senior apartments...
Mercy Housing opens first affordable housing property in Boise for seniors.
Read MoreOn Her Way Home
Every action that Katherine takes is based on making sure that her children are taken care of and happy. When Katherine’s employer, a person for whom she was working as a personal caretaker, passed away, Katherine (Kat) found herself without a job, without a source of steady income and without a home for her children. Kat packed herself
Read MoreSan Francisco Approves Its First...
SAN FRANCISCO – The City’s first and the country’s largest affordable housing specifically welcoming to lesbian, gay, bisexual and transgender (LGBT) seniors to be developed by Openhouse and Mercy Housing California was approved unanimously Thursday by the San Francisco Planning Commission. The development includes 110 apartments for low-income seniors, Openhouse service offices and an activity
Read MoreSan Francisco Approves Its First...
The City’s first and the country’s largest affordable housing specifically welcoming to lesbian, gay, bisexual and transgender (LGBT) seniors to be developed by Openhouse and Mercy Housing California was approved unanimously Thursday by the San Francisco Planning Commission. The development includes 110 apartments for low-income seniors, Openhouse service offices and an activity center for residents
Read MoreTwo Mercy Housing properties...
Out of 140 nominations, we are thrilled to announce that two of our properties were selected by Affordable Housing Finance Readers as winners in this year’s Readers’ Choice Awards! Thanks to everyone who voted. Mercy Housing Lakefront’s Harold Washington Apartments was selected as the winner in the Preservation category and Mercy Housing Southeast’s Savannah Gardens
Read MoreNUNS ON THE BUS TOUR PAYS A VISIT...
Earlier this summer, the Nuns on the Bus visited Mercy Housing Lakefront’s Englewood property on their cross-country journey to Washington D.C. More than a dozen Catholic Nuns travelled across nine states to raise awareness and campaign for budget fairness across the nation. A large crowd welcomed the Nuns as the bus pulled up to the
Read MoreThe Better Housing Coalition...
Thanks to a $500,000 loan and an extended line of credit from Mercy Loan Fund and the Bon Secours Health System, the Better Housing Coalition in Richmond, Virginia, will be able to expand its development of high-quality, affordable workforce housing in the Blackwell neighborhood more rapidly. With this new funding, more than 60 individuals and
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