Oct 292015 Annual Report Letter From Our President
Dear Partners in Hope,
As 2015 draws to a close, we find ourselves reflecting on the meaning and importance of preservation. It makes sense that this word comes to mind; 2015 was Jane’s first full year as Mercy Housing’s President and CEO, and she was intent on preserving the guiding values of respect, justice, and mercy that are the foundation of our work.
2015 saw us start and finish a remarkable number of developments where preservation was a central theme. In Seattle, we were chosen to repurpose abandoned World War II barracks into affordable housing. In Chicago, we started construction on the vacant structures that once housed Sears, Roebuck & Co.’s headquarters. In San Francisco, we stepped into ownership of three properties formerly owned by the San Francisco Housing Authority. And in Savannah, we completed the transformation of Strathmore Estates, a neglected area known for blight. We replaced decrepit buildings with Savannah Gardens, a planned neighborhood of 439 affordable homes for families and seniors. The results are nothing short of stunning.
In the last quarter of the year, the Wheaton Franciscan Sisters approached Mercy Housing with a request that we take over ownership and management of their 33 affordable housing communities across 10 states. We are honored to be chosen by them to carry on their legacy and to preserve this rich resource of affordable housing.
And finally, our commitment to the preservation of communities extends to the resources of our planet. In 2015 alone, we implemented programs that collectively brought in $1.3 million in rebates, grants, and annual savings, all part of an effort to reduce energy and water consumption in our properties.
To preserve means to keep safe. Creating safe housing, safe neighborhoods, and a safe environment where all have the opportunity to thrive is central to our mission.
Thanks to our founding communities, partners, and donors, we have continued to preserve and create affordable homes for over 30 years. In the following pages, you will meet the people whose lives have been transformed by affordable housing.
Thank you for helping to make these stories possible and as always,
Live in Hope!
President & CEO
Chair of the Board
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