831 Water Street
831 Water Street
December 2025
Vienna, VA - Meridian Investments, Inc. is pleased to announce the closing of 831 Water Street located in Santa Cruz, California. 831 Water Street raised $44,395,000 of investor equity, divided between federal and California state LIHTC. The federal equity was supplied by an R4 Capital proprietary fund investor with the state equity provided by a repeat state and federal equity investor.
This new construction project will provide 140 affordable housing units when completed. Thirty-five of the units are set aside for veterans, persons with disabilities and youth with disabilities that are experiencing homelessness.
The closing of 831 Water Street increases R4 Capital’s LIHTC equity AUM to over $6.3 billion with over 140 investors.
About Meridian Investments, Inc.
Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.











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