Mercy Housing, which was founded in 1981 by the Sister of Mercy in Omaha, handles housing development and property management for families who are economically poor. It also revitalizes distressed neighborhoods by attracting new investments and economic development opportunities.
"We've been overwhelmed by the support we received for this event," says Sister Lillian Murphy, RSM, President and CEO of Mercy Housing, Inc. "In particular, the support from the financial and real estate communities tells us that we must be doing something right."
Franklin D. Raines, Chairman and CEO of Fannie Mae, was the honorary gala chairperson. "Fannie Mae is one of our most valuable partners and helped us develop nearly 2,000 units of housing in nine states," says Sister Lillian. "Thanks to Fannie and Franklin's leadership, Mercy is able to provide a quality home for more than 4,000 people."
"When it comes to making a real difference for families and communities, Mercy Housing understands, first hand, what works, what is needed and where it is needed," adds Mr. Raines.
The highlight of the evening was the premiere of a new Mercy Housing video featuring personal stories of Mercy residents and narrated by former vice presidential candidate, Geraldine Ferraro.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
