Needs Capital
Acquisition
Tier 2
Mercy In The City is working to acquire the Spruce property with the explicit goal of preserving it as affordable rental housing. Without intervention, market pressure threatens to push rents beyond reach for the families currently housed there — this acquisition ensures long-term affordability and housing stability for existing residents.
With $112,000 in capital needed to complete the acquisition, Mercy In The City is actively in conversations with Central Bank and other financing partners to close this opportunity. The Way Home is proud to connect this project with potential investors, donors, and mission-aligned lenders who understand the critical value of keeping existing affordable units in place.
Preserving affordable rental units is among the most cost-effective interventions in housing — far less expensive than constructing new units from scratch. This project represents a tangible, near-term opportunity to protect families in place while building toward a larger pipeline of affordable housing in Kansas City.
Mercy In The City is seeking $112,000 to acquire the Spruce property and lock in affordable rents for current and future tenants. Talks are underway with Central Bank and mission-aligned investors.
The Way Home connects builders, lenders, and funders to deliver affordable homes and community infrastructure at the speed Kansas City needs.
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