New Property Closing: Sunrise at Bogart
We’re thrilled to announce Many Mansions and Neighborhood Partnership Housing Services newest project: Sunrise at Bogart, located in Riverside, California. As a new 23-unit development, Sunrise at Bogart consists of two 2-story buildings that will include 22 one-bedroom units and a manager’s unit.
In addition, the property will include a community resource center with office and meeting spaces for residents to work, as well as an outdoor recreation area designed to promote outdoor activities, a community room, and a laundry facility.
Merritt is proud to have contributed $10.5M in equity toward this impactful project – we are looking forward to seeing residents thrive here over the coming years.
We are also thankful to Banner Bank, City of Riverside, County of Riverside, and California Department of Housing & Community Development for supporting the project.
Commitment to California (C2C) Update: AMS+ Applications Open for 2025-2026 Cohort
Applications are open through June 30 for our 2025 AMS+ cohort! Leverage our virtual and live courses that will equip asset managers to be successful in today’s affordable housing space.
All live sessions will be taught by Merritt’s Director of Asset Management, Izaac Singh. Students will have the opportunity to engage in workshops and industry-focused discussions as well as connect with peers and mentors through networking.
Participants will also have access to curriculum from CHAM (Consortium for Housing and Asset Management) and will obtain their AMS+ designation after completing the program.
CHAM Asset Management Organization of the Year
We’re humbled to be recognized as the 2025 Asset Management Organization of the Year! Thank you to CHAM for this honor and your partnership. Together, our shared vision strengthens housing outcomes by investing in people to strengthen the affordable housing workforce. This ensures asset managers are successful in their crucial role of preserving and providing high quality affordable housing for Californians.
Pictured: Rebecca Mauerer, Rodrigo Ramos, Amanda Hopkins, Izaac Singh, and (from CHAM) Julia Pierson.
CHC 2025 Policy Forum & CA Housing Hall of Fame Awards
Merritt had a wonderful time attending California Housing Consortium’s 2025 Policy Forum & CA Housing Hall of Fame Awards – from hearing words of inspiration to celebrating wins together as an industry, we are already looking forward to next year’s event. Thank you to CHC for all that you do to drive change in the affordable housing space!
Pictured: Ari Beliak, President & CEO, Merritt and Cécile Chalifour, Merritt Board Chair
People Updates:
Anniversaries
Congratulations to David Dologite on his 5-year anniversary with Merritt! David, we’re so grateful to have you as our Director of Acquisitions. Thanks for all that you do – your experience in the preservation, development, and financing of affordable housing and community facilities is invaluable. Looking forward to the next five years!
David Eisenman, congrats on five years with Merritt! As our Associate Director of Acquisitions, David’s unique expertise in public and private real estate and finance directly contributes to making significant change in the affordable housing space. We’re lucky to have you, David!
Merritt is Hiring!
Merritt is hiring an Assistant Asset Manager! We’re looking for a mission-driven, detail-oriented professional to help manage the operations of our growing portfolio of affordable housing assets across California. This role supports the asset management team in a wide range of responsibilities — from data management and financial tracking to property performance oversight and site inspections.
If you’re passionate about housing and want to work on meaningful, portfolio-wide initiatives, apply today: https://lnkd.in/eRvACiDZ
About Merritt Community Capital Corporation
Merritt Community Capital Corporation is a mission-oriented affordable housing funder that serves the state of California. For more than 35 years, Merritt has been a trusted partner, investing more than $1.6 billion and creating over 12,000 affordable homes across California. Beyond investing in properties, Merritt invests in people. Through its Commitment to California initiative (C2C), Merritt proudly spearheads programs across the state that attract, train, and retain current and future affordable housers.
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. By partnering with mission-aligned organizations and developers in the affordable housing space, Merritt ensures the most critical communities are developed and maintained for low-income residents.