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…

Second Street Studios - First Community Housing

Newly Funded

$800K Bridge Loan to Second Street Studios

Second Street Studios - First Community Housing

First Community Housing received a $800,000 bridge loan for Second Street Studios, a 135 home project for which Housing Trust had provided predevelopment funding.  Following the groundbreaking in late 2017, Second Street Studios, the first new construction of 100% permanent supportive housing in San Jose, has had different financing needs than most area multifamily developments…