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Merritt Community Capital Corporation
Oak Creek Terrace – St. Helena, California
Oak Creek Terrace is a 41-unit new construction family project located in Napa County. The project is a 4% tax credit investment with tax-exempt bonds issued by the California Municipal Finance Authority.
Oak Creek Terrace is close to a wide range of neighborhood and city services, all accessible through pedestrian and bike paths as well as daily, regular bus service. Oak Creek’s community room is equipped with computer workstations. In addition, there are laundry facilities, an outdoor courtyard play area, and a picnic area.
Merritt Fund XVI provided $7.2 million in equity.
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