Northwind Senior Apartments is part of the rebuilding of Paradise, California, a community devastated by a 2018 wildfire.

The development, which will provide 20 affordable homes for seniors earning between 30% and 60% of the area median income, took a major step forward by closing on its financing.

Merritt Community Capital Corp. announced that it is providing $4.6 million in low-income housing tax credit equity to the project by The Pacific Cos., a leading affordable housing developer and owner. Merritt’s financing partners include Banner Bank. Local, state, and federal agencies are also supporting the project.

Paradise was at the center of the tragic Camp Fire, one of the worst wildfires in state history. The town saw a population decline of 90% with only 5% of buildings in town escaping serious damage.

Construction on the property is expected to be completed in mid-2025.

Northwind Senior Apartments marks Merritt’s second affordable housing project that is part of this recovery, reported officials. It is also Merritt’s third partnership with The Pacific Cos.