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Merritt Community Capital Corporation
Stonebridge Apartments – St. Helena, California

Stonebridge Apartments is an 80-unit affordable housing property located in St. Helena, California near the Napa River and the hills of the Napa Valley. The property was recapitalized and rehabilitated by EAH Housing: one of the largest and most respected nonprofit housing development and management organizations in the western United States.

Stonebridge Apartments is a family residential complex with many outdoor amenities: a large soccer field, basketball courts, community gardens, children’s play areas for toddlers and adolescents and a barbeque area. There is also an indoor community center with kitchen, television, library, piano, computer stations and internet.

The location is within walking distance of stores and services. A town shuttle system which provides access to nearby shopping and the Napa Valley Community College is also available.

Merritt Fund XVII provided $5.9 million in equity.