TECH Fund Helps Preserve Affordable Homes in Santa Rosa

Newly Funded

TECH Fund Helps Preserve Affordable Homes in Santa Rosa

TECH Fund Helps Preserve Affordable Homes in Santa Rosa

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…

Preliminary Rendering of

Newly Funded, Updates

Our Biggest Loan Ever

Preliminary Rendering of

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…

McEvoy Apartments preliminary concept

Newly Funded

With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Affordable Homes Near Diridon Station

McEvoy Apartments preliminary concept

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…

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.