$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County

Newly Funded, Press Releases

$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County

$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County

Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $2.052 million acquisition loan to Eden Housing for 1482 Freedom, a site in Watsonville for an affordable housing development consisting of 53 affordable homes. The affordability will be restricted to those earning 20% to 60% of the area median income which, in Santa…

Newly Funded

$3.4 Million Acquisition Loan in San Jose to Reed Community Partners

Housing Trust has made a $3.4 million acquisition loan to Reed Community Partners, which is working in partnership with Allied Housing, Abode Services and the County of Santa Clara, for the future site of The Dahlia apartments in San Jose. The site on the corner of Santa Clara and 24th Street is projected to have…

More Multifamily Lending – and More to Come

Newly Funded, Updates

More Multifamily Lending – and More to Come

More Multifamily Lending – and More to Come

Today we are happy to report continued strides in our lending thanks to funding from a host of wonderful supporters – including our TECH Fund investors, Supportive Housing Fund partner County of Santa Clara, all of our banking and philanthropic partners, and the County of Santa Clara’s Measure A.   Our Multifamily Lending Team has…

TECH Fund Helps Housing Trust Close 2nd Loan in Redwood City

Newly Funded

TECH Fund Helps Housing Trust Close 2nd Loan in Redwood City

TECH Fund Helps Housing Trust Close 2nd Loan in Redwood City

Housing Trust made a $6.4 million loan to Affirmed Housing Group to acquire a site in Redwood City – drawing from our TECH Fund, which has helped finance over 3,000 homes since its creation in 2017. This Affirmed Housing project will add 90 homes to the 55 Housing Trust previously funded by preservation of affordable…

Newly Funded

Supportive Housing Fund Deployed for Markham Plaza Bridge Loan

Housing Trust has provided a $995,000 bridge loan for Markham Plaza II, Phase 2 of Markham Plaza Project, a 153 home Core Companies development in San Jose. This is following an earlier $1.3 million loan to the Phase I development. Both loans are allowing the Sponsor time to restructure the debt and rehabilitate the project…

Housing Trust Makes First Multifamily Loan in Emeryville

Newly Funded

Housing Trust Makes First Multifamily Loan in Emeryville

Housing Trust Makes First Multifamily Loan in Emeryville

Housing Trust has lent Resources for Community Development $1 million for a land acquisition in Alameda County – the first multifamily loan we’ve made in Emeryville.  The property consists of three contiguous parcels totaling .39-acres currently zoned for 39 units, and a separate RCD property, Bay Bridge Apartments, abuts the site and is currently occupied by…

Rendering of 4th and Younger

Newly Funded

Google’s TECH Fund Investments Head to Work

Rendering of 4th and Younger

TECH Fund is Housing Trust’s affordable housing investment vehicle created to both encourage greater Bay Area employers and philanthropic organizations to invest in affordable housing and enable developers to compete for land on the open market. As of today the investors in TECH Fund include Cisco, Google, Grove Foundation, LinkedIn, NetApp, the David and Lucile Packard…