Investor Briefing is this Friday and we’re thrilled to use the stage at the Santa Clara Convention Center to make a special announcement: a new corporate partner has stepped forward to invest in TECH Fund – Housing Trust’s affordable housing investment vehicle.
TECH Fund was rolled out at Investor Briefing two years ago as a new way to provide financing for nonprofit developers to purchase sites on which to build homes. TECH Fund was made in a spirit of both collaboration and challenge: A $10 million investment from the Cisco Foundation was matched by $5 million each from the Sobrato Family Foundation and the David & Lucile Packard Foundation. It has since been followed by investments from LinkedIn, Grove Foundation, and a new collaborative investment by Cisco, LinkedIn and Pure Storage announced in November 2018.
To date, TECH Fund has helped create or preserve over 2,000 homes across 18 locations in five counties across the greater Bay Area. The reach goes beyond Silicon Valley as TECH Fund has inspired Microsoft’s move to invest in affordable housing in the Seattle area and the investment Disney made to help those experiencing homelessness in Orange County.
As of today, Investor Briefing 2019 is sold out! If you aren’t attending #InvestorBriefing19 we hope you can join us next time – and please follow us on Twitter, Facebook and LinkedIn so you can see and share our news. Making a strong affordable housing market happens with your help!