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CARMEL, IN - 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.
Located in the San Francisco-Oakland-Berkeley area, Emerson Arms is a 32-unit affordable.