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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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June Market Report

Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.