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FUND PORTFOLIOS




Merritt Community Capital Corporation
Summit View Apartments – Sylmar, California

Summit View is a 48-unit supportive housing development for special needs individuals and families, targeted to homeless and chronically homeless veterans. The units will be restricted for extremely low- to very low-income households (30-50% of AMI). Amenities will include a rooftop community room, services offices, a computer lab, fitness room, and centralized laundry rooms. Construction began in early 2020 and completion is expected in December 2021.

Services are an important and necessary component of this type of housing and intensive case management services and support will be provided for residents. Project sponsors LA Family Housing – a leading homeless service provider and the area contractor for Los Angeles County’s Coordinated Entry System for the homeless - and Many Mansions will provide case managers and service coordinators. Other services will be provided in-kind by the Department of Mental Health of LA County, Veterans Affairs, and San Fernando Valley Mental Health Center,

Merritt provided $15 million in housing tax credit equity of the total development cost of $36.4 million. Summit View Apartments received strong local support including over $15M in local funding from Los Angeles Housing + Community Investment Department and Los Angeles County Development Authority. Additionally, all units will be supported with VASH vouchers with a 20-year HAP contract with the Housing Authority of the City of Los Angeles.


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