Closed 32 loans totaling $44 million, leveraging $1.27 billion in total development costs.
Raised $12.6 million in new or increased capital, which we will be able to leverage into affordable housing developments.
Helped to provide 4,060 homes for 9,300 low-income residents, resulting in a total annual household savings of $23 million.
Detailed carbon audits showed MCC is now carbon neutral, paying for carbon offsets, including energy upgrades, tree plantings, composting, and soil regeneration.
Since 1983, Mercy Community Capital, a certified Community Development Financial Institution (CDFI), has provided capital to socially responsible developers in support of affordable housing and essential community projects.
Mercy Community Capital
Rebuilding Baton Rouge
In 2022, Mercy Community Capital provided a predevelopment loan to The Banyan Foundation for a 116-home senior affordable housing development in Baton Rouge, Louisiana, where hurricanes Ida and Laura damaged homes and infrastructure.
MCC provided funds from the Fund for Rapid Recovery and Rebuilding and will be able to utilize its Capital Magnet Funds for this loan. The Banyan Foundation is partnering with the East Baton Rouge Parish Housing Authority, and the project will be a part of a larger development that will include a library, healthcare organizations, senior services, early childhood education facilities, secondary education facilities, as well as parks and recreational amenities.
Jaime Gomez (Chair)
Colorado Housing and Finance Authority
Yvonne Camacho (Vice Chair)
Simpson Housing (Retired)
Cedar River Group
Sister Corinne Florek, OP
Adrian Dominican Sisters
Mercy Housing, Inc.
Enterprise Community Loan Fund
Housing Trust of Silicon Valley