by Merritt Community Capital Corporation | May 17, 2021 | Project Updates
Congratulations to Mercy Housing California on the financing closing for Sherman Oaks Senior Housing – which will bring new affordable senior housing to Los Angeles’s San Fernando Valley. Sherman Oaks Senior will provide critically needed permanent...
by Merritt Community Capital Corporation | Apr 21, 2021 | Our Impact, Project Updates
After years of struggle, Merritt celebrates Paradise Community Village for overcoming a major hurdle that threatened its viability – costly IRS penalties. This win comes from recent COVID legislation and support from the California Tax Credit Allocation...
by Merritt Community Capital Corporation | Apr 12, 2021 | Project Updates
Congratulations to American Family Housing (AFH) and Veloce Partners on the financing closing for Casa Paloma – which will bring 71 new units of affordable housing for homeless and low-income households to Midway City, CA. Casa Paloma will provide critically...
by Merritt Community Capital Corporation | Apr 8, 2021 | Project Updates
When analyzing the portfolio – that is home to nearly 16,000 people across California – by property type, none of the average rent collection rates dropped below 90% during the pandemic. Senior properties outperformed the other segments as rates have remained at...
by Merritt Community Capital Corporation | Mar 29, 2021 | Project Updates
Congratulations to A Community of Friends (ACOF), one of Los Angeles’ leading nonprofit developers of permanent supportive housing, on the financing closing for West Terrace – which will bring 64 new units of permanent supportive housing for homeless...
