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,…

Quetzal RCD

Newly Funded

$4.3 Million Loan for Quetzal Gardens

Quetzal RCD

Housing Trust made a $4.3 million acquisition loan to RCD for Quetzal Gardens in the Little Portugal area of East San Jose. Quetzal Gardens will be six stories and the first two floors of the development will consist of a lobby, retail space for community serving non-profits and a parking garage. All 70 apartments will…

Loan to Hello Housing Preserves Affordability of East Palo Alto Homes

Newly Funded

Loan to Hello Housing Preserves Affordability of East Palo Alto Homes

Loan to Hello Housing Preserves Affordability of East Palo Alto Homes

Housing Trust is providing a $610,313 loan to Hello Housing, a nonprofit affiliate of MidPen Housing to acquire three single family homes on Garden Street in East Palo Alto, San Mateo County. The three homes are currently rented to low-income tenants. When the tenants decide to move, Hello Housing may use the homes to create ownership opportunities…