Expanding opportunities in America’s cities

Mercy Housing California

San Francisco, Calif.
Up to $3.5 million

Awarded

Committed:
2015

This equity investment will support the development of new housing units for homeless people who are frequent users of health and emergency services. Kresge’s equity investment is part of a new financing model being tested to expand capital sources for this type of housing. The Supportive Housing Accelerator has a mission to provide quality housing to homeless populations, improving their physical and mental health and reducing public sector costs. Mercy has developed 128 rental properties across 36 counties in California to serve low-income families, seniors and individuals.