Newly Funded

Loan in Livermore Helps Fund Homes for People with Special Needs

Housing Trust is providing a predevelopment loan in the amount of $500,000 to MidPen Housing for Sunflower Hill, a 45-apartment community in Livermore serving individuals with developmental disabilities. Sunflower Hill was formed as a nonprofit in 2012 by families of children with special needs to develop 45 apartments of affordable housing for adults with developmental…

Newly Funded

Villas on the Park Coming to Downtown San Jose

Housing Trust is providing a $1 million pre-development loan for Villas on the Park, an 83-apartment complex on Second Street in downtown San Jose. The plan includes 78 apartments for permanent supportive housing and five apartments for interim housing for up to 20 residents — all for individuals who have incomes below 35% of area…

Newly Funded

Fuji Towers Apartments

Housing Trust Silicon Valley is providing a pre-development loan in the amount of $500,000 to Fuji Towers, a HUD-financed 140 apartment senior housing development in the Japantown neighborhood of San Jose. Fuji Towers opened 40 years ago to house low-income Japanese-American residents. The resident population has diversified over the years, but remains a vibrant and close…

Atherton Court Apartments in Redwood City

Newly Funded, Updates

Atherton Court Apartments – MidPen Housing

Atherton Court Apartments in Redwood City

Housing Trust Silicon Valley is providing a loan in the amount of $11.2m to MidPen Housing Corporation for acquisition of the 55-unit Atherton Court Apartments.  If it weren’t for MidPen’s purchase of Atherton Court, the apartments could have been sold to a market-rate developer, putting existing low-income tenants at risk of massive rent increases and displacement. As…

Loan Helps Visionary Home Builders Create New Housing in Stockton

Newly Funded

Loan Helps Visionary Home Builders Create New Housing in Stockton

Loan Helps Visionary Home Builders Create New Housing in Stockton

Visionary Home Builders of California are receiving Housing Trust’s first loan in the city of Stockton. The $472,500 loan will go toward helping Visionary buy undeveloped lots in a subdivision that was left incomplete by the recession. The intention is to build 21 new homes to be sold to first-time home buyers making no more than…

Newly Funded

BAREC Site Development – Core Affordable Housing

Core Affordable Housing will be building 359 units on the BAREC site in Santa Clara. HTSV is lending $2,250,000 to Core to prepare the site for development. The site is the former University of California Bay Area Research and Extension Center (BAREC), and was used for agricultural research. BAREC will be a mixed-use project with 165 affordable…

Senior Housing on Stevens Creek

Newly Funded

Senior Housing on Stevens Creek

Senior Housing on Stevens Creek

Charities Housing Development is receiving a $3,000,000 loan for Senior Homes on Stevens Creek. Charities will use the loan to acquire land in Cupertino to build 19 units for low-income seniors. Cupertino, home of Apple, has not had a new affordable rental project in more than 10 years. Rents will be between $550 and $945 per month,…

Newly Funded

Newly Funded: $1.1 Million for Embark Apartments

Housing Trust is providing a $1.1 million acquisition loan to Resources for Community Development (RCD) for Embark Apartments, a 60-unit development for households at or below 30-60% of area median income. The ground floor will have management offices and a large multipurpose community room next to a parking garage, with apartments above. Embark Apartments’ proximity…