We are a private, national foundation that works to expand opportunities in America’s cities through grantmaking and social investing in arts and culture, education, environment, health, human services and community development in Detroit.
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.