520+ Affordable Homes to be Developed in the Greater Bay Area + More Amazing News Newly Funded Date: Friday, June 17, 2022 Half a billion dollars in loans closed! Housing Trust recently reached this organizational milestone. To date, we have loaned more than $500 million towards the development of affordable homes throughout the greater Bay Area. These investments have…
Newly Funded, Updates
Newly Funded! 520+ Affordable Homes to be Developed in the Greater Bay Area + More Amazing News
August 31, 2022
Newly Funded
Newly Funded: 71 New Affordable Homes Coming to Mixed-Income Development in Santa Cruz
July 13, 2021
Housing Trust has made a $875,000 loan to Novin Development for Water Street, a mixed-income development which will include 71 affordable homes with a number of environmentally friendly features. The project will be configured in two buildings and will source renewable energy from the power grid. Drought tolerant landscaping, a rainwater harvesting system and a…
Newly Funded
TECH Fund, 2015 Loan Pool Help Affirmed Housing Bring New Affordable, Transit-Oriented Homes to San Jose
February 18, 2021
Housing Trust has made a $4.11 million acquisition loan for Affirmed Housing’s Almaden Apartments development – located on Almaden Road in San Jose. The project is an 80-unit, six-story, 100% affordable multifamily building to consist of 54 homes reserved for extremely low income households earning up to 30% area median income (AMI) and 25 for…
Newly Funded
Newly Funded: Google Fund Brings New Affordable Housing in San Jose
January 20, 2021
Our partnership with Google continues with an acquisition loan for The Kelsey in San Jose. The project is expected to bring 115 units of affordable housing to the site with all units aimed toward those earning between 20% and 80% AMI. The location on 1st Street is very close to VTA transit and to downtown….
Newly Funded, Success Stories
Grove Foundation Makes New $500,000 Investment in TECH Fund
December 22, 2020
Our TECH Fund campaign celebrated a new investment from a longtime partner: The Grove Foundation, one of the earliest investors, made an additional $500,000 commitment in Housing Trust’s affordable housing investment vehicle. “This is a high impact, high leverage investment with a community partner we trust on an issue that is critical to address,” said…
Newly Funded, Press Releases
New, Major Loans from Google’s Launch Initiative Bringing Sustainable Affordable Homes to Bay Area
November 16, 2020
Google and Housing Trust Silicon Valley – a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area – are announcing the first investments in affordable housing from Launch Initiative, the $50 million fund rolled out in July. This comes just months after the fund was established…
Newly Funded, Press Releases
Satellite Affordable Housing Associates to Bring Homeless Veterans Home in Contra Costa County
November 11, 2020
Support from Apple, Housing Trust Silicon Valley, Chase, and other local players will help create needed affordable rental housing Virtual groundbreaking celebration scheduled on Veteran’s Day PITTSBURG, CA – Satellite Affordable Housing Associates today announces the groundbreaking for Veterans Square, a 30-home affordable housing development in Pittsburg supporting veterans. A virtual groundbreaking celebration will be…
Newly Funded
Newly Funded: $1.57 Million Loan From Housing Trust Fills a Gap For Senior Housing in Berkeley
September 23, 2020
With support from public and private funding sources – and a $1.57 million loan from Housing Trust – Satellite Affordable Housing Associates (SAHA) will break ground for 34 low income seniors in a desirable location in North Berkeley. The project is named Jordan Court, and Housing Trust’s loan is unique from the majority of its…
Newly Funded
Google’s Launch Initiative Bringing 65 Home Charities Development to San Jose
August 12, 2020
Alum Rock, a new development planned by Charities Housing, is among the first affordable housing projects to be funded thanks to Launch Initiative, an affordable housing fund managed by Housing Trust aimed to accelerate the start-up and preservation of homes. The $3 million loan to Charities Housing is expected to create 65 new affordable homes….
Newly Funded
Launch Initiative Creating Senior Housing in Alameda County
August 12, 2020
Housing Trust is excited to announce a $4.25 million acquisition loan to Eden Housing for Timber Street Senior – a 79 home, five story development planned for Newark that will aid in the transformation of a light industrial and warehouse space to a walkable, affordable residential development for seniors. As this neighborhood transitions to residential…