On behalf of the Mercy Community Capital (MCC) team, thank you for making 2024 another successful year. The need for more affordable housing communities is critical and our commitment is as strong as ever. Our success wouldn’t be possible without the unwavering support of our investor community.
Two new investors joined our mission with $4 million commitments each: Intermountain Health and HSBC Bank. Their investments reflect a growing recognition of the impact and urgency of our work. And while these major contributions are significant, the steady, values-driven support of our religious community investors remains a powerful foundation for all we do.
In 2024 alone, 25 of these investments reached maturity and were renewed, continuing a remarkable 27-year average partnership. Their steadfast commitment to our mission is what truly fuels our ability to serve and grow.
Aeris, a CDFI third-party rating agency, reaffirmed its ‘AA+’ financial rate to Mercy Community Capital. By collaborating with socially responsible developers, MCC has helped finance the development of single and multifamily homes for rental and homeownership for all people.
Stefanie Joy
President, Mercy Community Capital
Noni Ramos
Board Chair, Mercy Community Capital
Mercy Community Capital
Since 1983, Mercy Community Capital (MCC), a certified Community Development Financial Institution (CDFI), has provided capital to socially responsible developers in support of affordable housing and essential community projects.
By the Numbers
Impact since 1981
738
loans
$599 million
loaned
$9.2 billion
leveraged
48,428
homes
116,922
residents
Saison North
Mercy Community Capital’s new three-year business plan prioritizes lending that yields significant impact results. One such organization is O-SDA Industries, LLC (O-SDA), an Austin, Texas-based real estate development firm with expertise in affordable housing communities that meet the unique needs of each city and individual neighborhood they serve. O-SDA is also a minority business enterprise, a women’s business enterprise, and a Texas-certified historically underutilized business. O-SDA is an affiliate of Saigebrook Development, another woman-led organization, and the two work in partnership on developments.
MCC provided a $6.48 million land acquisition loan, with Raza Development Fund participating in the loan, to O-SDA to support the construction of Saison North, a 116-home multifamily rental property in Austin, Texas. The property, located on the grounds of a former brewery, provides 312 residents with affordable housing. Nine apartments are accessible for those with mobility, hearing, and visual impairments. Amenities at the property include a cyber lounge, fitness center, gathering area, swimming pool, outdoor BBQ stations and picnic tables, and a children’s playscape.
2024 Highlights
1
In 2024, 82% of our capital went to people at or below 60% of Area Median Income. We helped provide homes for 7,564 people resulting in $23 million of household savings.
2
MCC hired two key positions in 2024: a Senior Loan Administrator to help with loan closings and a Grants and Impact Manager to assist with grant management.
3
We were awarded a $7.5 million Capital Magnet Fund Award by the CDFI Fund to finance affordable housing solutions and community revitalization efforts for low-income communities.
MCC Board of Directors
Noni Ramos Chair
Housing Trust of Silicon Valley
Tom Byers
Cedar River Group
Jaime Gomez
Habitat for Humanity of Metro Denver
Jaya Johnson
Mercy Housing, Inc.
Sister Marilín Llanes, OP
Adrian Dominican Sisters
Timothy Martin
Enterprise Community Loan Fund
John Powell
Bellwether Enterprise Real Estate (Retired)
Catalina Vielma
Boston Financial Investment Management
Thank you to our Supporters
Thank you to our donors and investors for the funds that enable local organizations to develop affordable housing in their communities. We thank our borrowers, who with these funds, strive to meet our nation’s housing challenges.
Investors
Archdiocese of Omaha
The Associated Sulpicians of the United States
Atlantic-Midwest Province Endowment Trust
Banc of America Community Development Corporation
Benedictine Convent of Perpetual Adoration
Benedictine Sisters of Covington, Kentucky
Benedictine Sisters of Mount St. Scholastica
Bon Secours Mercy Health
Yvonne J. Camacho
Capital One, National Association
Carl George Bjorkman Foundation
Carmelite Sisters of Charity
Catholic Biblical Association of America
Catholic Health Initiatives
Claretian Missionaries
Clients of Ballentine Partners
Colorado Department of Local Affairs, Division of Housing, Affordable Housing Investment Fund
Congregation of Divine Providence
Congregation of Holy Cross, Moreau Province. Inc.
Congregation of Sisters of St. Agnes
Congregation of Sisters of St. Joseph of Springfield
Congregation of St. Joseph
Congregation of the Daughters of Divine Charity
Congregation of the Passion, Holy Cross Province
Congregation of the Sisters of Charity of the Incarnate Word
Congregation of the Sisters of Mercy, US Province
Congregation of the Sisters of St. Joseph of Peace
Congregation of the Sisters, Servants of the Immaculate Heart of Mary
Conrad N. Hilton Fund for Sisters
Convent of the Sisters of St. Joseph, Chestnut Hill
Daughters of Charity Ministries
Daughters of the Holy Spirit Charitable Trust
Deutsche Bank
Dignity Health
Dominican Sisters of Mission San Jose
Dominican Sisters of Oakford
Dominican Sisters of Peace, Inc.
Dominican Sisters of San Rafael
Anne Else
Constance Etheridge
Father Judge Charitable Trust
Federal Home Loan Bank of Topeka
First National Bank of Omaha
Franciscan Friars-Province of St. John the Baptist
Franciscan Friars, T.O.R.
Franciscan Sisters of Little Falls, MN
Franciscan Sisters of Perpetual Adoration
Julie Gould
Grey Nuns of the Sacred Heart
HSBC Bank
IHC Health Services, Inc.
I.H.M. Congregation Charitable Trust
Intermountain Health
Ann Marie Judson
Julia G. Kahrl
Little Company of Mary Sisters
Maryknoll Sisters
Medical Mission Sisters
Mercy Partnership Fund
Missionary Sisters Servants of the Holy Spirit
Missionary Society of St. Paul the Apostle
Morgan Stanley Bank, N.A.
The Northern Trust Company
North American Province of the Cenacle
Occupational Training Services, Inc.
Opportunity Finance Network, Finance Justice Fund
Opportunity Finance Network, Good to Grow CDFI Investment Fund
Perrault Family Survivor Trust
Xavier and Penelope Pi-Sunyer
PNC Bank, National Association
Sandy Polishuk
Province of St. Augustine of the Capuchin Order
Providence St. Joseph Health
Redemptorists-Denver Province
Religious Communities Impact Fund, Inc.
Religious of the Assumption North American Province
Religious Sisters of Charity
Client of The Rikoon Group
Sacred Heart Monastery
School Sisters of Notre Dame of the Central Pacific Province
School Sisters of St. Francis – US Province
Servants of the Blessed Sacrament
Sisters of Bon Secours USA
Sisters of Charity of Leavenworth
Sisters of Charity of Nazareth
Sisters of Charity of New York
Sisters of Charity of the Blessed Virgin Mary
Sisters of Loretto
Sisters of Mercy of the Americas
Sisters of Mercy of the Americas Caribbean, Central America, South America Community
Sisters of Mercy of the Americas New York, Pennsylvania, Pacific West Community
Sisters of Mercy of the Americas Northeast Community
Sisters of Mercy of the Americas South Central Community
Sisters of Mercy of the Americas West Midwest Community
Sisters of Mercy of the Mid-Atlantic Community
Sisters of Notre Dame de Namur, California Province
Sisters of Notre Dame of the United States
Sisters of Providence of Saint Mary-of-the-Woods
Sisters of St. Francis
Sisters of St. Francis of Dubuque
Sisters of St. Francis of the Neumann Communities
Sisters of St. Francis of Rochester, Minnesota
Sisters of St. Francis of the Immaculate Conception
Sisters of St. Francis of Tiffin, Ohio
Sisters of St. Joseph of Carondelet, Albany Province
Sisters of St. Joseph of Carondelet, Generalate
Sisters of St. Joseph of Carondelet, Los Angeles Province
Sisters of St. Joseph of Carondelet, St. Louis Province
Sisters of St. Joseph of Concordia
Sisters of St. Joseph of Orange
Sisters of St. Louis, California Region
Sisters of the Blessed Sacrament
Sisters of the Holy Cross
Sisters of the Holy Family
Sisters of the Holy Names of Jesus and Mary
Sisters of the Humility of Mary HM Alternative Loan Fund
Sisters of the Most Precious Blood
Sisters of the Order of St. Benedict
Sisters of the Order of St. Dominic, Amityville
Sisters of the Presentation of the Blessed Virgin Mary, Inc.
Sisters of the Visitation of the Immaculate Heart
Sisters Servants of the Immaculate Heart of Mary
Society of Mary
Society of the Divine Word, Chicago Province
Society of the Holy Child Jesus
Society of the Precious Blood – Cincinnati Province
Byron and Lee Stookey
Clients of the Sustainability Group, part of Loring, Wolcott & Coolidge Trust
Clients of Trillium Asset Management
Trinity Health
Ursuline Provincialate, Central Province of the United States
Ursuline Sisters of Mount St. Joseph
Ursuline Society and Academy of Education
US Bancorp Impact Finance
USDA Rural Development
Visitation Monastery of St. Louis
Wells Fargo Community Investment Holdings
Barry Zigas and Jodie Levin-Epstein
DONORS
Community Development Financial Institutions Fund of the US Treasury
Convent of the Sisters of St. Joseph, Chestnut Hill
Dominican Sisters of Oakford
Ann Marie Judson
Perrault Family Survivor Trust
Bryan Shumway
Sisters of the Most Precious Blood – St. Mary’s Institute
Trinity Health
U.S. Bank Foundation – U.S. Bank Opportunity Fund
