Chestnut Square Project Rendering

Newly Funded

Pre-Development Loan to Midpen for Livermore

Chestnut Square Project Rendering

In the East Bay, a $2 million loan to MidPen Housing’s supports pre-development costs for Chestnut Square, located at Chestnut Street in Livermore. MidPen was chosen by the City of Livermore to be the master developer of a 4.31 acre city-owned site with the ultimate goal of a 158 unit mixed income residential community.

Site at Chestnut Square

Newly Funded

Palo Alto Housing Purchases Mountain View Site

Site at Chestnut Square

$8.1 million was loaned to Palo Alto Housing to purchase a site at 950 W. El Camino Real in Mountain View. PAH intends to demolish the existing, underutilized structure to develop and operate a 70 unit 100% affordable housing complex.

Water Street rendering

Newly Funded, Updates

Santa Cruz, Stockton Committing to More Affordable Housing

Water Street rendering

Housing Trust recently closed two loans that afforded us the opportunity to offer support in our wider region and to do so in partnership with collaborative partners. A loan of $8.3 million was made to Visionary Home Builders for a project in Stockton and a $500,000 loan was made to For the Future Housing in Santa Cruz. The $8.3…

CDFI Collaboration Helps Local Developers Stem Tide of Displacement in East Oakland

Newly Funded

CDFI Collaboration Helps Local Developers Stem Tide of Displacement in East Oakland

CDFI Collaboration Helps Local Developers Stem Tide of Displacement in East Oakland

With easy access to Downtown Oakland’s job centers and BART connections, East Oakland has become a hot spot for market rate residential developers. More than 300 market rate homes are in the pipeline, and the long-awaited 110-unit Coliseum Transit Village development is expected to be at least half market rate.  Satellite Affordable Housing Associates‘ International Boulevard…

Housing Trust Loan Helps Long-Planned Senior Housing Clear Final Hurdles

Newly Funded

Housing Trust Loan Helps Long-Planned Senior Housing Clear Final Hurdles

Housing Trust Loan Helps Long-Planned Senior Housing Clear Final Hurdles

A $500,000 predevelopment loan from the Housing Trust will keep design, entitlement and financing work moving forward on First Community Housing‘s Leigh Avenue Senior Apartments in San Jose. Leigh Avenue has been on the drawing board for a decade, but stalled during the Great Recession and, later, the dissolution of redevelopment agencies across the state. Through it all,…