Marina, CA (June 20, 2017) The Monterey Bay Housing Trust (MBHT), a joint program of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley, announced today its first loan — $500,000 to Community Housing Improvement Systems & Planning Association, Inc. (CHISPA) to assist in the development of the Castroville Oaks Affordable Housing Community.
Just Funded, Press Releases, Updates
Monterey Bay Housing Trust Funds First Affordable Housing Loan to CHISPA
June 20, 2017
Just Funded
$7.26M loan helps Palo Alto Housing Bring 100 New Affordable Apartments to Mountain View
May 26, 2017
A $7.26 million loan to Palo Alto Housing Corporation for the purchase of a parcel of land in northwest Mountain View is the first step in the construction of 100…
Just Funded
$4.3 Million Loan for Quetzal Gardens
April 28, 2017
Housing Trust made a $4.3 million acquisition loan to RCD for Quetzal Gardens in the Little Portugal area of East San Jose. Quetzal Gardens will be six stories and the…
Just Funded
Loan to Hello Housing Preserves Affordability of East Palo Alto Homes
March 31, 2017
Housing Trust is providing a $610,313 loan to Hello Housing, a nonprofit affiliate of MidPen Housing to acquire three single family homes on Garden Street in East Palo Alto, San Mateo County….
Just Funded
Loan in Livermore Helps Fund Homes for People with Special Needs
January 31, 2017
Housing Trust is providing a predevelopment loan in the amount of $500,000 to MidPen Housing for Sunflower Hill, a 45-apartment community in Livermore serving individuals with developmental disabilities. Sunflower Hill…
Just Funded
Villas on the Park Coming to Downtown San Jose
December 15, 2016
Housing Trust is providing a $1 million pre-development loan for Villas on the Park, an 83-apartment complex on Second Street in downtown San Jose. The plan includes 78 apartments for…
Just Funded
Fuji Towers Apartments
December 9, 2016
Housing Trust Silicon Valley is providing a pre-development loan in the amount of $500,000 to Fuji Towers, a HUD-financed 140 apartment senior housing development in the Japantown neighborhood of San Jose….
Just Funded, Updates
Atherton Court Apartments – MidPen Housing
December 5, 2016 Housing Trust Silicon Valley is providing a loan in the amount of $11.2m to MidPen Housing Corporation for acquisition of the 55-unit Atherton Court Apartments. If it weren’t for MidPen’s purchase of…
Just Funded
Loan Helps Visionary Home Builders Create New Housing in Stockton
September 16, 2016
Visionary Home Builders of California are receiving Housing Trust’s first loan in the city of Stockton. The $472,500 loan will go toward helping Visionary buy undeveloped lots in a subdivision that…
Just Funded
BAREC Site Development – Core Affordable Housing
May 25, 2016
Core Affordable Housing will be building 359 units on the BAREC site in Santa Clara. HTSV is lending $2,250,000 to Core to prepare the site for development of a project dubbed Agrihood….