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
April 9, 2020
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…
Newly Funded, Press Releases, Success Stories
$17.4 Million Supports Low-Income Housing for Seniors in Santa Cruz County
March 5, 2020
Marina, CA-Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $4 million loan to BRIDGE Housing for a portion of the acquisition of Paloma Del Mar senior apartments with the purpose of maintaining affordability for low-income senior households in Freedom, CA. The loan is part of a joint program between Housing Trust…
Newly Funded
Resources for Community Development, TECH Fund Help Bring Affordable Housing Honoring Maudelle Shirek to Berkeley
December 18, 2019
Housing Trust has made a $6.1 million loan to Resources for Community Development to acquire a 0.6 acre site near the Ashby BART station in Berkeley, which will bring 87 affordable apartments – ranging in size from studios up to three bedrooms – and nonprofit commercial office space on the ground floor. The development will…
Newly Funded
Housing Trust Makes First Multifamily Loan in Emeryville
December 18, 2019
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…
Newly Funded
Google’s TECH Fund Investments Head to Work
October 30, 2019
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…
Newly Funded, Success Stories
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes
October 17, 2019
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes Housing Trust has made a $4.74 million loan to Affirmed Housing for 3090 South Bascom Avenue in San Jose to create 88 affordable homes – half of which will be permanent supportive housing, in line with Santa Clara County’s Measure A priorities….
Newly Funded
$800K Bridge Loan to Second Street Studios
October 17, 2019
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…
Newly Funded, Updates
$1.48 Million Loan to Bill Wilson Center for Transitional Housing Placement Program
October 17, 2019
Bill Wilson Center, which provides services and support for youth and families experiencing homelessness, purchased a single-family home in Santa Clara County to support the expansion of the Transitional Housing Placement Program.
Newly Funded
Google’s TECH Fund Investment and Supportive Housing Fund Help PATH Acquire 4th & Younger for 93 Affordable Homes
August 28, 2019
A portion of Google’s TECH Fund Investment, announced just one month ago, has already been put to work toward a one-acre parcel of land in Hyde Park in San Jose.