Merchants Capital announced the completion of the rehabilitation of a Federal LIHTC project located in Houston, TX, known as Knolls at West Oaks Apartments, by prominent affordable housing developer, Dominium. Merchants Capital provided $10.8 million in tax credit equity in exchange for LIHTC. It also originated debt financing for the project under its Government-Sponsored Enterprise license. The comprehensive financing package offered by Merchants supported the acquisition, rehabilitation and re-syndication of the residential development, which is an existing, income restricted, LIHTC property originally constructed in 2003.