Housing Trust Silicon Valley has made a $4 million acquisition loan to Affirmed Housing for an 87 home development in San Jose – which will be modeled closely on a previous project we helped fund, Villas on the Park.
Newly Funded, Updates
Burbank Housing Teams with Housing Trust to help Fire-Impacted Wine Country
November 8, 2018
In wine country, Housing Trust is teaming with the Northern California Community Loan Fund to provide a $5 million revolving line of credit for Burbank Housing to provide support for affordable housing in Santa Rosa and Napa. Housing Trust is a 50% participant in the loan for up to $2.5 million.
Newly Funded
TECH Fund Helps Preserve Affordable Homes in Santa Rosa
September 18, 2018
Eden Housing’s Quail Run in Santa Rosa, an existing 200 home apartment complex, is drawing from TECH Fund to purchase limited partner rights prior to re-syndication and complete some immediate repairs on the development. All homes at the site are restricted at 60% AMI levels. The loan marks the first time TECH Fund has been…
Newly Funded, Updates
Our Biggest Loan Ever
August 25, 2018
In late July, Housing Trust closed its biggest loan: $15.85 million to First Community Housing for a 300+ home development called McEvoy Apartments! This is notable both because of the size of the loan as well as the forward-thinking concept and location: at the corner of McEvoy and San Carlos St, the proposed apartments will…
Newly Funded, Updates
Housing Trust uses Supportive Housing Fund to Loan Abode Services $10.3 Million for Affordable Housing in Santa Clara
August 24, 2018
Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) based in San Jose, has utilized the Supportive Housing Fund, a joint fund with the County of Santa Clara, to loan $10 million to Abode Services to acquire 2904 Corvin Drive in Santa Clara for 144 homes – all of which would be affordable and…
Newly Funded, Press Releases, Updates
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Homes Near Diridon Station
August 8, 2018
A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments.
Newly Funded
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Affordable Homes Near Diridon Station
August 2, 2018
A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments. Funds for the loan originated from Housing Trust’s TECH Fund initiative as well as the Affordable Housing Growth Fund which is made up of Bridge Bank, East West…
Newly Funded, Updates
Eden Housing Brings More Affordable Housing Opportunities to Mountain View
January 11, 2018
A $9.7 million acquisition loan was made to Eden Housing for a project on 1100 La Avenida Avenue in Mountain View, with the goal of creating a 100% affordable housing development consisting of 93 apartments – all of which are intended for residents who make 60% or below area median income.
Newly Funded
Pre-Development Loan to Midpen for Livermore
December 5, 2017
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.
Newly Funded
Palo Alto Housing Purchases Mountain View Site
December 5, 2017
$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.