Establish resources to further the development of affordable housing by
funding the financial gap as necessary.
 

• Investments in real estate development with Gap Fund ($1 million average size).
   

• Seed the Gap Fund with $6 million in 2020, and an additional $1 million in each subsequent year; raise a total of $40 million from external sources over five years.

 

Create a Portfolio Preservation fund for existing Mercy Housing properties to make major critical repairs to extend the life of properties and save costs by
making repairs sooner rather than later.

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• $15 million in Preservation Funds made available over five years.

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• Complete 200+ Portfolio Preservation Fund projects over five years.

 

Develop a comprehensive and integrated fundraising approach that strengthens collaboration, elevates communication, and leverages the powerful network of regional and national philanthropy professionals and board members.

 

• Create a reliable, data-driven fundraising operation that employs key performance indicators, technology and targeted cultivation strategies to improve processes, measure performance, and generate incremental and significant growth in philanthropic support.

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• Annual Philanthropy Goals increase by 5% annually across the organization.