By leveraging our national scale, we will provide even more affordable housing across
the United States to meet the prolific need.
Develop and/or preserve 9,300 units of financially sustainable affordable
housing that responds to local needs and priorities.
Prioritize development in geographies that already have a concentration of
Mercy Housing properties.
Target new development at incomes predominantly below 60% AMI using rent subsidies where available to reach lower incomes; Develop mixed-income housing when financially feasible and responsive to local housing needs.
For acquisitions, pursue existing Section 8 properties and Naturally Occurring Affordable Housing (NOAH) and portfolios.
Explore opportunities to acquire and/or develop properties owned by women religious,dioceses, and other communities of faith.
Develop housing that is safe, durable, resident-friendly, and energy efficient.
Enhance portfolio performance by creating and implementing design and product standards that advance property longevity, reduce operating costs, and support health outcomes.
Evaluate cost effectiveness of modular construction, share what we learn, and expand to additional geographies as feasible.
Test new building construction methods to reduce costs and explore opportunities for developing and duplicating a standardized unit design in multiple properties.
Increase impact in affordable housing and community development by
providing innovative, mission focused investments for Mercy Housing and other
community developers with the expansion of Mercy Community Capital (MCC) to
grow MCC to $100 million in total assets.
Grow loans outstanding by $5 million per year.
Increase unrestricted net assets to 35% by 2024.