February 24, 2026 – Oakland, CA
Merritt is proud to announce the closing of Fund 26, the second-largest fund in our history!
Fund 26 finances eight projects, spanning eight counties across California, which will create 480 affordable homes. These projects are supported by eleven returning investors. Of these 8 projects, 129 units are designated for residents with special needs—ensuring housing solutions that respond directly to the communities they serve. Additionally, 54% of these units support seniors, and 19% serve families.
Affordability remains central to the fund’s impact, with 49% of units open to households earning between 31%–50% of Area Median Income (AMI) and 41% available to households earning at or below 30% AMI.
Merritt’s Senior Investor Relations Manager, Carla Vásquez-Noriega, recently captured the significance of this milestone:
“With Fund 26, we are proud to continue bringing together our developer and investor partners who enable the creation of communities where Californians can thrive. This fund will bring new and refreshed affordable housing units to high cost, high opportunity areas from Martinez to San Diego. Each of these communities will provide safe, stable housing to the most vulnerable of our neighbors who are often priced out of these regions.”
Thank you to our partners for joining us in creating and closing Fund 26! The success of this Fund would not be possible without the support and commitment of our mission-driven developers and investors, whose partnership fuels Merritt’s belief that solving the affordable housing crisis requires an investment in both housing and people:
“At Exchange Bank, investing in our communities means supporting long-term stability and opportunity. Our investment in Merritt’s Fund 26 reflects our commitment to preserving and expanding affordable housing for Californians who need it most. We’re proud to partner with Merritt to help strengthen communities and ensure more families have a place to call home.”
— Charlotte Radmilovic, SVP and Chief Financial Officer, Exchange Bank
Merritt is actively welcoming investors to Fund 27, our Proprietary Funds, and our Club Funds who share our commitment to building a stronger California.
Please contact Merritt’s Senior Investor Relations Manager, Carla Vásquez-Noriega, at cvasquez-noriega@merrittcap.org, to invest equity capital, or David Dologite, Director of Acquisitions, at ddologite@merrittcap.org for project investment capital.
About Merritt Community Capital Corporation
As a nonprofit investor and lender in affordable housing, Merritt Community Capital Corporation has invested more than $1.7 billion to create and preserve over 12,500 affordable homes, providing housing for more than 30,000 residents. For over 35 years, Merritt’s mission has remained at the core of its work.
Merritt partners with mission-aligned developers and funders to tackle some of the most challenging and impactful affordable housing projects. Through equity and lending capital, Merritt provides flexible financing solutions designed to meet today’s needs while preserving affordability for the future.
Through its Commitment to Community (C2C) initiative, Merritt extends its impact by investing in people—attracting, training, and retaining the next generation of affordable housing leaders.
Merritt is also the west coast member of the National Association of State and Local Equity Funds (NASLEF), which empowers locally engaged, mission-driven housing and community investment partners to build thriving communities.