We use transformative housing finance and public and private partnerships to create more equitable and affordable communities.
To this end, we lead the greater Bay Area in delivering innovative financial solutions and creating a strong affordable housing market.
invested in affordable housing
Led by the County of Santa Clara and the Silicon Valley Leadership Group, affordable housing activists, local businesses, and foundations joined together to create a nonprofit Housing Trust. Since 2000, Housing Trust Silicon Valley has always been unique as a place where public and private resources could come together in creative ways to support housing solutions addressing needs including homeownership, rental housing, and homelessness prevention.
Housing Trust’s foundation was built upon an initial $2 million grant from the County that was quickly matched 3-fold with $1 million each from Intel, Adobe, Cisco Systems, Applied Materials, Solectron, and KB Homes. Contributions from the public and private sectors continued and we exceeded our $20 million fundraising goal within our first two years, supporting 2,000 local families.
Fast-forward to today, we have invested over $554.9 million to create more than 49,036 homes for the region’s workforce, families, seniors and special needs individuals. We are now one of the largest housing trusts in the nation, and the first nonprofit Community Development Financial Institution (CDFI) to receive a Standard & Poor’s rating, AA-.
We continue our tradition of building and leveraging our unique public-private partnerships creating affordable housing solutions throughout the greater Bay Area, setting an example of how affordable housing can be addressed in other communities nationwide. Most recently demonstrated by our TECH (Tech + Equity + Community + Housing) Fund, which attracted even more investment from our corporate partners – including Cisco, Google, LinkedIn, NetApp and Pure Storage along with the David & Lucille Packard, Grove and Sobrato Family foundations – and has inspired the creation of other affordable housing campaigns around the country.