Merritt Community Capital, California’s nonprofit investor for affordable housing tax credit equity, closed the final round for Fund XXII, raising $137 million, the largest California multi-fund of 2021. Equity raised will finance eleven projects and create 616 affordable homes across California. In addition to being the largest fund to date, the closing of Fund XXII helped Merritt reach the monumental milestone of surpassing $1 billion dollars of affordable housing investment in California since its inception in 1989. For thirty-three years, Merritt has partnered with highly regarded mission-oriented housing developers to ensure that California’s most critical communities are developed or preserved for low-income residents. Accordingly, nine of the eleven properties financed by Fund XXII serve residents experiencing homelessness, who have special needs, or are seniors. In 2022, Merritt brought to market Fund 23 with its most ambitious goal yet — raising $150 million in equity. Also in 2022, Merritt will be launching proprietary funds with mission-aligned investors. In addition to investing in properties, Merritt proudly supports housing programs across the state that foster diverse leaders and strives to create equity throughout the industry. In 2022, Merritt is rolling out initiatives that represent a significant expansion of this work.

Merritt Community Capital Corporation
Ari Beliak, President & CEO
1970 Broadway, Suite 250
Oakland, CA 94612
Telephone: (510) 444-7870
Fax: (510) 444-7874
Email: ABELIAK@MERRITTCAP.ORG
Web: WWW.MERRITTCAP.ORG