Merritt Community Capital Corp. has recently closed its $65 million Multi-Investor Fund XV, its second largest fund. Given the need to preserve existing units of affordable housing in California, there are, in Merritt's Fund XV, twelve acquisition rehab properties. As such, 702 units of affordable housing will be preserved statewide. Merritt's key developer partners in this current fund are Peoples' Self Help Housing, PEP Housing, Christian Church Homes of Northern California, EAH, Mercy Housing, Deep Green Housing, Housing Authority of Santa Clara County, Eden Housing, and Terra Corp.