Victory Noll Sisters support work of Mercy Loan Fund
Our Lady of Victory Missionary Sisters continue to invest in the mission of the Mercy Loan Fund, and they applaud their work.
To meet the overwhelming need for affordable housing, Mercy Loan Fund was created in 1985 to provide financing to hundreds of local nonprofit organizations, enabling them to develop affordable housing in their communities.
We have helped finance the development of single and multifamily homes for rental and homeownership opportunities. These developments aid a variety of people, including low-income families and individuals, the working poor, seniors, farm workers, formerly homeless individuals and people with special needs.
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.
We are proud to provide loans for housing developments that:
• Provide quality, affordable housingMercy Loan Fund is very fortunate to have a history of dedicated investors with a shared common goal of providing affordable housing for those in need. In 2011, $5.5 million in investments were renewed, resulting in a 94% renewal rate. In additional, six investors chose to increase their investments adding a $2,675,000 to the investment pool.
• Serve the economically poor, primarily families or individuals with special needs
• Strengthen families and build healthy communities
• Increase self-reliance
The average length of time these investments have been with Mercy Loan Fund is 10 years! This long term dedication and commitment has allowed Mercy Loan Fund to continue its vital work throughout the United States with lending in 37 states, adding four new states in the past 1 1/2 years.