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
New, Major Loans from Google’s Launch Initiative Bringing Sustainable Affordable Homes to Bay Area
November 16, 2020
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…
Newly Funded, Press Releases, Updates
First Housing Trust Loan to Habitat for Humanity Monterey Bay: $1 Million for Affordable Santa Cruz Homes
June 30, 2020
Housing Trust has further expanded its impact in Santa Cruz County by making its very first loan to Habitat for Humanity Monterey Bay to help build 11 homes on Harper Street in Santa Cruz. While much of Housing Trust’s recent lending has been for predevelopment or land acquisition, this $1 million loan represents an exciting…
Newly Funded, Press Releases
$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County
May 28, 2020
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
May 6, 2020
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…
Newly Funded, Updates
More Multifamily Lending – and More to Come
April 24, 2020
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…
Newly Funded
TECH Fund Helps Housing Trust Close 2nd Loan in Redwood City
April 9, 2020
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…