Merritt was formed in 1989 by the city of Oakland to provide equity capital investments in affordable housing developments. Early investments targeted the urgent housing needs of the Oakland community and then expanded to include the greater San Francisco Bay Area. In recent years, Merritt Capital has expanded its scope to include investments in affordable housing properties throughout the state of California.
In 1996, Merritt Capital separated from the city of Oakland and hired an independent staff. To mark this transition, the Board of Directors changed the name of the organization from Community Alliance for Syndicated Housing, Inc. to Merritt Community Capital Corporation. Our name honors Dr. Samuel Merritt, an early mayor of Oakland, Lake Merritt, a prominent feature of that city, and acts as a tribute to the city for the instrumental role it played in the company’s creation.
Working with a nonprofit tax credit syndicator ensures that your investment dollars are being utilized to provide housing for those communities and people that need it most. Merritt has closed over $900MM in 21 Multi-Investor Funds since inception. At Merritt, we work with experienced developers to find properties that improve communities, offer quality housing, and provide opportunity to people in our communities. Contact us to obtain more information.