We closed four deals with our innovative California Land Acquisition Fund, bringing the speed and impact of private equity to the affordable housing space for the first time ever.
1
We welcomed hundreds of residents home to four new affordable housing communities around the state: Heritage Gardens in Long Beach, Burbank Boulevard and Sixth Street Place in Los Angeles, and The St. Clare at Capitol Park in Sacramento.
2
We were named Non-Profit Developer of the Year by the San Francisco Business Times, in recognition of our innovative, mission-driven efforts to meet the scale and urgency of our state’s housing crisis.
3
Mercy Housing California
Mercy Housing California (MHC) understands the challenges that come with finding an affordable home. That is why we work to create stable housing solutions for low- and very low-income families, seniors, veterans, and adults who have been unhoused, as they lay the foundation and work toward their goals. With the help and support of community partners, including service providers and healthcare agencies, MHC is bringing innovative affordable housing to communities most in need. Many residents receive free, onsite resident services programs to work toward their goals.
231 Grant in Palo Alto, will provide 110 affordable homes specifically for teachers, school district staff, and their families.
By the Numbers
48% Families
34% Seniors
18% People with special needs
160
Properties
22,261
Residents
11,484
Homes
The future is going to be EPIC
Alaynai had always dreamed of being a teacher. Growing up at Village Park in Sacramento, she was an active participant in the Out-of-School Time programming offered to youth residents. It was there she met a teacher who changed her life. “She was always the one who would help me with my homework and my favorite subjects were art and math, but I noticed how she treated people with kindness, dignity, and respect,” she explained.
When there was a call for submissions for the EPIC Grant, an educational grant that helps recipients obtain their post-high school educational goals, and with a nudge from her dad, Alaynai applied. “I was thinking that I wasn’t going to get it,” she recalls, but much to her surprise, she learned that she was one of the winners. “I was shocked,” she said.
A college sophomore, Alaynai is pursuing her longtime dream and studying to be an elementary school teacher. “I want to be there for little kids too. I want to leave my mark.” We have no doubt she will.
