RealEstateRama Authors Posts by Mercy Housing
Mercy Loan Fund announced today that it has received a $4.5 million grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund)
MAYOR LONDON BREED, SUPERVISOR CATHERINE STEFANI, AND COMMUNITY LEADERS CELEBRATE THE REOPENING OF AFFORDABLE...
Mayor London N. Breed, Supervisor Catherine Stefani, and community leaders today celebrated the rehabilitation and grand reopening of two former public housing properties serving seniors and people with disabilities in the lower Pacific Heights neighborhood
The Congregation of the Sisters of Mercy in Ireland has made a sizeable donation to the largest affordable housing nonprofit in the U.S., Mercy Housing, Inc., to build opportunity for low-income families.
The Seahawks are raising funds for families experiencing homelessness and asking fans to join them in supporting the Mount Baker Family Housing & Resource Center. Starting today through the end of December, fans are encouraged to give by texting HOME12 to 44321 or clicking here. All donations made will be matched up to $20,000 by the Seahawks.
This three-million-dollar gift marks the two organizations’ first partnership, and a major step toward improving low-income people’s access to essential job, health, and education resources for the residents of Mercy Housing. Mercy Housing Inc. (MHI) received the donation from the Congregation of the Sisters of Mercy in Ireland this September
Mercy Housing Lakefront today announced the acceptance of a $5,000 grant from The Community Foundation of the Fox River Valley to purchase hearing accessibility equipment (pocket talkers) for senior residents at the organization’s Constitution House in Aurora, IL. Pocket talker devices are reliable and easy-to-use sound amplifiers designed for individuals who are unable to afford standard hearing aids.
Mercy Housing Lakefront today announced the acceptance of a $5,000 grant from The Community Foundation of the Fox River Valley to purchase hearing accessibility equipment (pocket talkers) for senior residents at the organization’s Constitution House in Aurora, IL.
Mercy Housing and Mayor London Breed celebrated the opening of 190 affordable family apartments in Natalie Gubb Commons. The affordable homes were developed as part of the Transbay Redevelopment Project Area, spearheaded by the Office of Community Investment and Infrastructure (OCII).
From three major cities (Brooklyn/Queens, Chicago and Los Angeles) Catholic and Buddhist leaders have come together to develop proposals to address homelessness by providing green affordable housing and services to the housing residents as well as persons coping with poverty in the neighborhood.
MERCY HOUSING LAKEFRONT PRESENTS 2018 WINTRUST PARTNERS IN INNOVATION AWARD TO RIVER STATION SENIOR...
Mercy Housing Lakefront today presented the 2018 Wintrust Partners in Innovation Award to the organizations that collaborated to make possible River Station Senior Residences in Kankakee, Illinois. Presented annually at Mercy Housing Lakefront’s Moving Forward Together celebration
Mercy Housing Northwest, in partnership with Paul G. Allen Philanthropies, the City of Seattle, and the Seattle Seahawks, broke ground on the Mount Baker Family Housing & Resource Center. Expected to open in early 2020, the permanent housing facility and its ground floor Family Resource Center will provide affordable housing and services to Seattle-area families with children experiencing or at risk of homelessness.
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 annually.
With rental prices on the rise, local organizations partnered to renovate and improve St. Mary Tower, an amenity-rich affordable housing community for seniors. Mercy Housing California (MHC) is pleased to announce the successful completion of large-scale renovations and upgrades to St. Mary Tower
The National Real Estate Practice of EPIC Insurance Brokers and Consultants announced the contribution of over $40,000 to the Chamblee Senior Residences to enhance the community kitchen and offer healthy cooking demonstration classes for residents. In addition, the contribution will fund “train the trainer” course on slip-and-fall prevention classes for the senior residents, one of the most common accidents for seniors at home.
Senior Residences at Mercy Park, a 79-apartment affordable senior housing community just outside of Atlanta, received honorable mention in the Senior Housing category at the 24th annual Charles L. Edson
LOW-COST, RAPID-RESPONSE FINANCING FROM CDFIS NOW AVAILABLE FOR AFFORDABLE HOUSING AND COMMUNITY FACILITIES RECOVERING...
Affordable housing providers and community facilities in communities damaged by recent disasters can now apply for rapid-response financing available at favorable terms. Three community development financial institutions (CDFIs) — Enterprise Community Loan Fund (Enterprise), Mercy Loan Fund and NeighborWorks Capital — are partnering to offer $15 million in capital
With a focus on leveraging housing as a platform to ensure access to social services opportunities for low-income families, National Affordable Housing Trust (NAHT) is proud to announce the closing of Holly Park. NAHT closed on the property in partnership with Goldman Sachs Bank and Mercy Housing
During the season of giving, Your Castle Real Estate is proud to announce their new “Home for the Holidays” fund to benefit Denverites with barriers to housing. Your Castle founder Lon Welsh and president Charles Roberts are kicking off the fund with a $15,000 donation to Mercy Housing, a local nonprofit that provides affordable housing and self-sufficiency programs.
MERCY HOUSING AND COMMON BOND COMMUNITIES ANNOUNCE NEW FINANCING MODEL TO PRESERVE UNSUBSIDIZED AFFORDABLE...
Mercy Housing and CommonBond Communities announced their demonstration of a new financing execution with Freddie Mac that encourages the preservation of unsubsidized affordable housing, known as naturally occurring affordable housing (NOAH). This new “Impact Gap Financing” execution, offered by Freddie Mac, will give mission-driven nonprofits and socially-motivated impact investors an important financing tool to acquire and invest in NOAH properties and ensure they remain affordable for low-income and working families over the long-term
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 Financial Ratings asses capitalization, asset quality, management, earnings, and liquidity to evaluate the financial strength of CDFIs.
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