July 20, 2023-Oakland, CA
Merritt believes everyone should have a home in a community where they can thrive. We invest in affordable housing and people to build a stronger California. For more than 30 years we have been your trusted partner, investing more than $1.2 billion to create over 11,000 affordable homes across California. We are dedicated to working with mission-aligned developers and funders to make the most challenging affordable housing projects possible by offering terms that meet project needs today and foster preservation of affordability for tomorrow.
Merritt financed 13 projects, creating 916 affordable homes for individuals and families, including Fund 23, at $178.6MM.
At the beginning of 2022 we launched our Commitment to California initiative and can now reflect on Year 1 of success for all of our Commitment to California programs. Our three-year goal was to attract, train, and retain 800 individuals in different parts of their career. In year 1, we aimed for 191 participants under our Commitment to California umbrella. In 2022, we welcomed 275 participants, exceeding our expectations!
Thank you to our investors, project partners, developers, and advocates old and new. We look forward to deepening and expanding our partnerships as we work together to solve the housing crises in California.
Learn more about our Annual Report and download the full report here: 2022 Annual Report – Merritt Community Capital Corporation (merrittcap.org)
About Merritt Community Capital Corporation
Merritt Community Capital Corporation is a nonprofit dedicated to our mission to provide equity capital for affordable housing exclusively to California. We do this by partnering with mission-aligned affordable housing developers throughout the state to ensure the most critical communities are developed and maintained for low-income residents. Since 1989, Merritt has created and/or preserved 11,000 affordable homes, through investing over $1.2 billion in 26 separate funds, providing housing for over 29,700 people.