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….
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…
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.
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.
Housing Trust has made a $4.6 million loan to Eden Housing for Ruby Street Apartments. As our 8th loan in Alameda County in the last six years, this Castro Valley loan continues Housing Trust’s regional expansion and brings the total number of affordable homes Housing Trust has helped finance there past 500.
A short walk from our office in downtown San Jose is North San Pedro Apartments, which had a groundbreaking celebration this past Friday.
While Housing Trust is proud to share the news of affordable housing that is going to be built from the ground up we’re equally excited to engage with borrowers to preserve the affordable homes we already have. Core Companies’ Markham Plaza – a 153 home, four story rental complex just a few miles south of…
TECH Fund – which got a boost recently from Sunnyvale-based NetApp investing $10M in the campaign – contributed to the second-largest loan in Housing Trust’s history by providing a $13.75 million acquisition loan to Eden Housing.
A $1.4 million loan was made to First Community Housing to purchase the investor limited partner’s interest for Betty Ann Gardens – an existing FCH project. A portion of the loan will also be used for predevelopment costs to rehabilitate the individual homes.
The collaboration among Pure Storage, LinkedIn and Cisco which invested $20 million in Housing Trust Silicon Valley’s TECH Fund in November is being put to work quickly as a $4.3 million acquisition and predevelopment loan was made to Resources for Community Development for Fremont Islander: a 128 home affordable housing development spread across one parcel improved with a…