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.