Quarterly Grant Helps Nonprofit Assist Low-Income Families
San Antonio nonprofit Merced Housing Texas has received a $200,000 grant to help low-income families in its housing developments and throughout the city.
For the next two years the group will receive $25,000 every quarter to help facilitate its programs. Merced operates nearly 1,700 units for low income people across the state in Corpus Christi, Fort Worth, San Antonio and other cities but are based here.
The grant came from Mission and Ministry Inc., and will be used for Merced’s programs like teaching financial management and buying houses to restore and sell them to families.
Susan Sheeran, president of Merced Housing Texas, said one program, which benefits East Side seniors, raises money to make needed repairs on their homes.
"They may get a code violation or they may be having a safety problem or a health problem in their house, and they really have no way to fund that repair. So we've, over the years, raised quite a bit of money and we've been able to help over 500 seniors with that program," Sheeran said.
Merced is also working on creating a new 33-unit senior housing development on the East Side near Olive and Commerce streets.
The Department of Housing and Urban Development provided $3 million for that facility, which is expected to be completed in 2014.