Mercy Housing receives two grants worth $750,000 from Citi Foundation
Grants will be used to expand the development of affordable housing in Illinois, California and throughout the nation
08.17.2009 – When 11-year-old Chaz lived with his family, including his five younger siblings, in a homeless shelter, he remembers having to sleep in a small bed with his younger brother, sharing sparse amounts of food with other families and being too ashamed about where he lived to make new friends. He also remembers how sad his mother was.
“It seemed like no one cared about us when we lived in the shelter,” Chaz said.
Today, Chaz and his family live in a four-bedroom apartment at Mercy Housing Lakefront’s Wentworth Commons, a permanent supportive housing building on Chicago’s South Side. Thanks to Citi Foundation’s continued support to Mercy Housing, more low-income families, like Chaz’s, will have safe, stable affordable homes nationwide.
“I’m much happier and more relaxed now that I live here,” Chaz said. “I am making more friends, because now I’m not embarrassed about where I live.”
In 2008, Mercy Housing received $500,000 from the Citi Foundation to support efforts in Illinois and California, as well as national housing development opportunities and capacity building. Citi Foundation recently awarded Mercy Housing an additional $250,000 grant to continue supporting the creation of healthy communities through affordable housing in 2009. The grant will support Mercy Housing’s efforts in California and Illinois, including $100,000 that will go directly to Mercy Housing Lakefront’s efforts in Chicago and $100,000 that will go directly to Mercy Housing California’s efforts in Los Angeles and San Francisco.
"The Citi Foundation is very proud to invest in Mercy Housing so they can expand the supply of quality, safe, affordable housing to enable thousands of people improve their lives and the lives of their families,” said Pam Flaherty, President and CEO of the Citi Foundation.
“Citi Foundation’s support ensures the longevity of our affordable housing and supportive programs that help residents build stronger futures for themselves, their children and their communities,” said Sister Lillian Murphy, RSM, Mercy Housing CEO. “We greatly appreciate their confidence in our mission to create stable, vibrant and healthy communities throughout the nation.”
Citi and the Citi Foundation are long-time supporters of Mercy Housing’s mission. The Citi Foundation is committed to enhancing economic opportunities for underserved families and people in communities where Citi works throughout the world. To date, the Citi Foundation has given more than $3.4 million to Mercy Housing to support housing development and resident services. Citi staff members have also volunteered countless hours at Mercy Housing properties throughout the nation over the last several years.
Mercy Housing Lakefront is the Chicago area’s premier nonprofit developer and manager of affordable housing. Mercy Housing Lakefront currently owns 16 properties in Illinois that are home to more than 2,000 residents, including 450 children. Mercy Housing California, with offices in Sacramento, San Francisco and Los Angeles, has 135 properties that serve more than 22,000 residents. Its programs include affordable rental housing, self-help homeownership and homeownership education. As a whole, Mercy Housing has a presence in 41 states and serves more than 124,000 people on any given day.
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- Two grants worth $750,000 from the Citi Foundation will benefit Mercy Housing's efforts in California and Illinois.
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- About Citi Foundation
Citi Foundation is committed to the economic empowerment of individuals and families, particularly those in need, in the communities where we work so that they can improve their standard of living. Globally, the Citi Foundation targets its strategic giving on its priority focus areas: Microfinance and Microenterprise, Small and Growing Businesses, Education, and Financial Education and Asset Building. In the United States and Canada, the Citi Foundation also supports Community Development programs. The Citi Foundation works with its partners in Microfinance and Microenterprise, Small and Growing Businesses, and Community Development to support environmental programs and innovations. Additional information can be found at www.citifoundation.com. - About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
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