Mercy Housing, a Denver-based not-for-profit affordable housing organization, has signed a letter of intent with Lakefront Supportive Housing, a Chicago-based nonprofit, to begin assessing the feasibility of acquiring Lakefront.The due diligence will be conducted on Lakefront's housing portfolio, its blended management model, and its corporate office, Mercy Housing said. "The opportunity of acquiring Lakefront, with its expertise in supportive housing, would strengthen our ability to provide a broader continuum of affordable housing products nationwide," said Chuck Wehrwein, regional president at Mercy Housing. The companies can be found online at http://www.mercyhousing.org and http://www.lakefront.org.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry