A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments. Funds…
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With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Affordable Homes Near Diridon Station
August 2, 2018
Just Funded, Updates
Eden Housing Brings More Affordable Housing Opportunities to Mountain View
January 11, 2018
A $9.7 million acquisition loan was made to Eden Housing for a project on 1100 La Avenida Avenue in Mountain View, with the goal of creating a 100% affordable housing development consisting of 93 apartments – all of which are intended for residents who make 60% or below area median income.
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Pre-Development Loan to Midpen for Livermore
December 5, 2017
In the East Bay, a $2 million loan to MidPen Housing’s supports pre-development costs for Chestnut Square, located at Chestnut Street in Livermore. MidPen was chosen by the City of Livermore to be the master developer of a 4.31 acre city-owned site with the ultimate goal of a 158 unit mixed income residential community.
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Palo Alto Housing Purchases Mountain View Site
December 5, 2017
$8.1 million was loaned to Palo Alto Housing to purchase a site at 950 W. El Camino Real in Mountain View. PAH intends to demolish the existing, underutilized structure to develop and operate a 70 unit 100% affordable housing complex.
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Santa Cruz, Stockton Committing to More Affordable Housing
October 30, 2017
Housing Trust recently closed two loans that afforded us the opportunity to offer support in our wider region and to do so in partnership with collaborative partners. A loan of…
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San Jose Urban Village Kickstarted by Housing Trust Loan
September 13, 2017
Transition is the key word to describe both the Roosevelt Park Apartments and the downtown San Jose neighborhood where the project will be built with the help of a $4.85 million acquisition/predevelopment loan from Housing Trust Silicon Valley.
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Housing Trust Silicon Valley’s First Loan in Sonoma County
August 25, 2017
A $1,654,000, 15-year refinancing loan to Burbank Housing Development Corporation is the first loan made in Sonoma County by the Housing Trust, and part of our effort to reach communities underserved by CDFIs.
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Monterey Bay Housing Trust Loan Jump Starts Permanent Supportive Housing in Santa Cruz
August 11, 2017
The Monterey Bay Housing Trust, a joint program of the Monterey Bay Economic Partnership and Housing Trust Silicon Valley, is providing a $200,000 loan to New Ways Homes for 180/2020…
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CDFI Collaboration Helps Local Developers Stem Tide of Displacement in East Oakland
June 30, 2017
With easy access to Downtown Oakland’s job centers and BART connections, East Oakland has become a hot spot for market rate residential developers. More than 300 market rate homes are…
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Housing Trust Loan Helps Long-Planned Senior Housing Clear Final Hurdles
June 28, 2017
A $500,000 predevelopment loan from the Housing Trust will keep design, entitlement and financing work moving forward on First Community Housing‘s Leigh Avenue Senior Apartments in San Jose. Leigh Avenue has been on…