2019

Mercy Community Capital

Impact Report

As we embark on a new five-year Business Plan and change our name from ‘Mercy Loan Fund’ to ‘Mercy Community Capital’ (MCC), it’s a good time to pause for reflection. We are proud of MCC’s record success from 2015-2019, and we couldn’t have accomplished it without our committed partners, dedicated Board of Directors, and talented staff.

impact

We created or preserved 

2,730

homes, serving

6,146

residents

5,009

Residents in Family Properties

610

362

Formerly Homeless

Seniors

165

Special Needs

Homes Financed by Median Income
As percentage of AMI

0 - 30%

31 - 50%

51 - 80%

81 - 120%

121% +

Workforce
Housing

Annual Household Savings

$16.37million

The difference between the average annual market rent and the average annual restricted rent

Leveraged

$21.19

Every $1 invested in MCC helped to create or preserve over $21 of affordable housing

 

service

From Schoolhouse to Senior Homes

Harvard Village is a storied 48-home senior housing community just outside of Cleveland, Ohio, in Cuyahoga County. Built in 1903 and originally a schoolhouse, the building is a designated historical site. It desperately needed roofing and exterior improvements to better serve the seniors that call Harvard Village home.

Impact Since Inception

Number of loans

Total Amount Loaned

Total Leveraged

Number of States

Communities

Units

Residents

561

$393 million

$3.7 billion

41

234

30,074

74,140

Investors
by Type

 

Thank you for your support

Our donors and partners are committed to creating affordable homes and inspiring dreams, as we continue our important work of serving the most vulnerable families and seniors. As we enter a new fiscal year, our services are needed now, more than ever, to meet the growing needs of people of all ages across the country. 

© 2020 Mercy Housing Inc.