Merchants Capital Secures $18.2MM for Eden Housing to Rehab Two California Affordable Housing Communities
September 30, 2021
Financial services company Merchants Capital announces today it has provided $18.2 million in total refinancing for Eden Housing, a nonprofit that has partnered with local communities to develop or acquire more than 10,600 homes in communities throughout California. The proceeds will be used to rehabilitate two affordable housing communities in the state: Emerson Arms and Arroyo Vista….
December 7, 2020
Upon completion, the renovated Light Tree Apartments will nearly double the number of affordable homes that exist on the site today, providing 185 affordable homes to low-income families, people with disabilities, formerly homeless individuals, and former foster youth.
September 15, 2020
Eden Housing recently completed its merger with South County Housing, resulting in the preservation of 1,695 affordable homes across 41 properties, located in the counties of Santa Clara, Santa Cruz, San Benito and Monterey.
July 9, 2018
Eden’s success over the past 50 years is due, in large part, to long-standing and committed partnerships throughout all of our housing regions. In this week’s story, hear how one such partnership, covering decades of hard work and dedication to affordable housing, is making a difference and preserving valuable Bay Area history.
July 7, 2018
The Altenheim (translation: German Old People’s home) first opened its doors to 12 residents in 1894. It was founded by San Francisco and Oakland’s most prominent German-American families as an upscale home for older German-Americans to live out their golden years. Sadly, the building was completely destroyed in a fire in 1908. Construction began again,…