Merchants Capital annouced the closing of Merchants Capital Tax Credit Equity Fund 15, L.P. Merchants Fund 15 represents the company’s largest and most diverse national fund with a total capital raise of $196.5 million from 14 institutional investors, including ten repeat and four new investors. Merchants Fund 15 will infuse equity into 19 affordable housing properties that will create or preserve 2,300+ affordable homes in 13 states. The properties are located in Minnesota, Indiana, Ohio, Florida, Texas, Wisconsin, Michigan, North Carolina, Illinois, Pennsylvania, Kentucky, Colorado and California.