Impact
Impact
As a leading nonprofit investor and lender in affordable housing, Merritt has invested more than $1.7 billion to create over 12,500 affordable homes, housing over 30,000 neighbors. For over 35 years, mission has remained at the core of everything we do.
We partner with mission-aligned developers and funders to tackle the most challenging and impactful projects. We provide equity and lending capital, offering flexible terms that meet today’s needs and preserve affordability for the future. Our newly created CDFI expands lending capital to mission-aligned developers, uplifting underserved communities, and building a stronger, more stable economic future.
Our Commitment to Community (C2C) initiative extends our impact by investing in people—attracting, training, and retaining the next generation of affordable housing leaders and advancing transformative policies. Since 2020, we have supported over 1,500 affordable housing practitioners, as well as statewide, regional, and local initiatives for hundreds of thousands of units.
“Our impact in 2025 continued to be built on strong partnerships with mission-aligned funders, developers, and Commitment to Community (C2C) partners.
In 2025, Merritt invested over $142 million across 9 projects, creating 609 affordable homes for individuals and families. We strengthened this impact further through the growth of C2C, re-investing $1.5 million into the industry and supporting 739 participants across our workforce development programs. This momentum is a powerful reminder that lasting impact is built through partnership—strengthening communities across California and beyond.”