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
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.
- 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 email@example.com.