Financing for Affordable Housing Through the Mercy Loan Fund

For over three decades, Mercy Loan Fund has focused exclusively on funding affordable housing and essential community infrastructure projects that support affordable housing. By collaborating with socially-responsible developers, Mercy Loan Fund has helped finance the development of single and multifamily homes for rental and homeownership. These developments aid a variety of people, including low-income families and individuals, the working poor, seniors, farm workers, formerly homeless individuals and people with special needs.

Mercy Loan Fund is a financially sound Community Development Financial Institution (CDFI) that exclusively serves affordable housing communities by providing reliable, flexible funding to socially-responsible community developers in support of affordable housing and essential community infrastructure projects.

We are proud to provide loans for housing developments that:

  • Provide quality, affordable, low-income housing
  • Serve the economically poor, especially families or individuals with special needs
  • Strengthen families and build healthy communities
  • Increase self-reliance
“You guys were fantastic. I’ve been singing the praises of MLF. Thanks for making this project possible.”
Zocalo Community Development
“Great experience! Mercy Loan Fund worked thoughtfully with us as the developer/borrower to negotiate a loan structure and term sheet that meets the pre-development needs of this 4% LIHTC project. The loan document negotiation process was streamlined, and the closing process was efficient. Thanks to all at Mercy for your efforts and support of this project – we look forward to many more deals with you!”
St. Charles Town Company
“Very streamlined process. Underwriting was efficiently performed - with all relevant issues identified early in the process. Closing docs quickly circulated, comments reviewed and revisions shared with the group to enable a smooth closing process. Mercy will be a prefer financing source for the future for us!”
“The lending experience with Mercy Loan Fund was truly First Class. The team was very communicative, always available for questions, and extremely professional. Their patience, willingness to listen to our needs, and nimbleness set them and Mercy Loan Fund apart from other lenders. This posture never changed throughout the entire process, up through and after closing. We sincerely appreciate the relationship we have with Mercy Loan Fund and Mercy Housing. We look forward to working on future opportunities together.”
National Church Residences
“I had a great experience working with my loan officer, and Mercy Loan Fund. Mercy Loan Fund offered competitive loan terms with low closing costs and was able to close quickly. Additionally, they were flexible and very responsive to our needs when any issues came up during the dosing process. I will definitely look to work with Mercy Loan Fund again in the future.”
Millbrook Realty

Mercy Loan Fund Impact Report

The Impact You’ve Made

We thank all of Mercy Loan Fund’s supporters and partners for making 2018 another monumental year as we continue to revitalize and enrich communities by creating stable homes that enrich communities for low-income families. I am overjoyed when I reflect over last year’s performance — out of Mercy Loan Fund’s 33-year history, 2018 was one of the most profitable and impactful. Through resourcefulness and hard work, we achieved unprecedented success on multiple fronts.

Read the full 2018 Impact Report

Featured Profile: Forrest General Hospital Orthopedic Institute

In 2010, Mercy Loan Fund allocated $20 million in New Markets Tax Credits to Forrest General Hospital Orthopedic Institute located in Hattiesburg, Mississippi. Forrest General Hospital, a non-profit county-owned hospital, provides all levels of care for critical access care hospitals in a 19 county service area. With a policy never to turn away a patient, regardless of ability to pay, Forrest General Hospital provided more than $78 million in charity care during 2010.

Learn More

Applying for a Loan

If your organization is interested in applying for a loan, please complete our pre-qualification form. Staff members review the details of each application and evaluate the request carefully against the established criteria.

Criteria include:
  • Beneficiaries must be low and very low-income households and those with special unmet housing needs
  • The borrower must have the organizational capacity to complete and manage the development and the ability to repay the loan
  • There must be a demonstrated need for the loan
  • The development must have broad community support
  • The development must guarantee long-term affordability for low-income persons
  • Resident self-sufficiency and economic independence are promoted
  • The development location must be in the United States

Mercy Loan Fund, a subsidiary of Mercy Housing, is a 501(c)3 nonprofit corporation, certified by the U.S. Treasury Department as a Community Development Financial Institution.

For more information about Mercy Loan Fund, contact us at (303) 830-3386 or

Mercy Loan Fun

For more information about Mercy Loan Fund, contact us at
303-830-3386 or