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The Sisters of the Holy Family
are proud sponsors of the
Religious Communities Investment Fund,

Supporting organizations that provide access to affordable housing is one of the core values of the Religious Communities Investment Fund.  These organizations approach and solve the problem in myriad ways.  Here is how the housing-related organizations currently on RCIF’s borrower roster make a difference:

Part of a network of over 250 YouthBuild programs nationwide, Portland YouthBuilders supports low-income young men and women who are committed to changing their lives to become self-sufficient, contributing members of the workforce and their community. Each year, they provide education, vocational training, and leadership development services for over 200 young people between the ages of 17 and 24 who have not completed high school and who face significant barriers to success. Students attend PYB every weekday, alternating between academic studies and vocational training in either their green construction or computer technology program.  All students receive career development skills, leadership development opportunities, and long term support.

To meet the overwhelming need for affordable housing, Mercy Loan Fund, a subsidiary of Mercy Housing, was created in 1985 to provide financing to hundreds of local nonprofit organizations, enabling them to develop affordable housing in their communities. They have helped finance the development of single and multi-family homes for rental and homeownership opportunities.  Mercy Housing California is one of their largest business centers. With offices in Los Angeles, San Francisco and West Sacramento, Mercy Housing California offers affordable low-income housing programs to more than 23,000 people at more than 100 properties. Residents include families, people with special needs and seniors who struggle daily with the high cost of living. The average household income is more than $48,400 – nearly $5,000 more than the national average. The average annual income of a Mercy Housing California resident is $19,525.

“Housing For All” is their motto, and the San Luis Obispo County Housing Trust Fund is a private nonprofit corporation that was created to increase the supply of affordable housing in San Luis Obispo County for very low, low and moderate income households, including households with special needs.  Rather than build or operate housing directly, the HTF provides financing and technical assistance to help private developers, nonprofit corporations and government agencies produce and preserve homes that working families, seniors on fixed incomes and persons with disabilities can afford to rent or buy.

Homewise, a private non-profit organization, was founded in 1986 as Neighborhood Housing Services of Santa Fe, New Mexico. During its first six years, NHS-Santa Fe was a small nonprofit engaged in home improvement and rehabilitation of the city’s poorer west side. In 1992, Mike Loftin became Executive Director and as he canvassed the organization’s existing clients, he discovered the homeowners were complaining that their grown children could not afford to buy a home in Santa Fe. Over the next decade, Loftin and the staff of NHS-Santa Fe, now called Homewise, grew into a full-service agency promoting affordable homeownership through financial counseling and educational classes designed to help Santa Fe’s moderate income residents become home owners. Today, Homewise is a CDFI which helps low and moderate income people buy, refinance and improve their own homes.