Fahe is able to celebrate 40 years of Building the American Dream thanks to the support from great partners we’ve made along the way. The Sisters of Mercy were one of Fahe’s first major investors, providing a $35,000 investment during our earlier years which helped us find greater stability and bolster our wealth movement. We are proud to have maintained our relationship for nearly four decades with the Sisters including building a strong relationship with their asset management program, Mercy Investment Services.
The Sisters of Mercy are an international community of Roman Catholic women who dedicate their lives to the Gospel of Jesus and take vows of poverty, chastity, obedience, and service. Founded by Catherine McAuley in 1843, they have a long history of addressing the need for social justice, healthcare, education, affordable housing, and social services in North, Central, and South America, the Caribbean, Guam, and the Philippines. Mercy Investment Services enhances the financial resources of the Sisters of Mercy of the Americas through socially responsible investing. They engage in collaborative efforts to raise their corporate voice to effect systemic change in corporate policies and activities, provide capital to community organizations, and participate in investment opportunities consistent with their mission.
By investing in organizations like Fahe who have Members working on the ground, the Sisters are able to increase their impact in the communities who need their help the most. Fahe leverages our Network of place-based practitioners to help the Sisters inject capital into one of the hardest to serve areas of the country. Investments like theirs allow Fahe to offer lower rates to borrowers in our economically distressed region. This creates affordability to complete projects in underinvested regions. Mercy’s current and prior investments are an integral part of our investment strategy because they allow us to finance the shorter term construction/rehab of facilities until they are ready to use permanent capital from USDA CF Relending via the Uplift America partnership.
Thanks to the Sister’s investments, we have been able to bring to life several essential community development projects:
In this time of uncertainty in dealing with the global pandemic, investments like Mercy’s allow Fahe to remain a stable backbone organization supporting our Members who are needed now and will be needed when we enter a period of recovery.
We hope to continue our impactful partnership with the Sisters, and we look forward to celebrating the next 40 years with them by our side. Together we are able to ensure that no communities are left behind in America.