Congratulations to PEP Housing on the financing closing for River City Senior Apartments – which will bring 54 new units of senior low income housing to Petaluma, including 15 units for homeless senior veterans and 19 units for homeless seniors in Sonoma County, with supportive services from Petaluma People Services Center. Merritt Community Capital Corporation is proud to provide $16.1 million in tax credit equity capital to this critically needed development. Thank you as well to our financing partners at Silicon Valley Bank, California Community Reinvestment Corporation, City of Petaluma, City of Santa Rosa Housing & Community Services, Sonoma County Community Development Commission and the Federal Home Loan Bank of San Francisco.
Merritt Closes Fund 24–Second Largest Fund!
April 17-Oakland, CA Merritt had its final fund closing for Fund 24--closing at $140,745,000, making it Merritt’s second largest fund in its 35 years! Fund 24 currently finances eight projects, creating 476 affordable homes across California. This fund has 13...