Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $2.052 million acquisition loan to Eden Housing for 1482 Freedom, a site in Watsonville for an affordable housing development consisting of 53 affordable homes. The affordability will be restricted to those earning 20% to 60% of the area median income which, in Santa…
Newly Funded, Press Releases
$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County
May 28, 2020
Newly Funded, Press Releases, Success Stories
$17.4 Million Supports Low-Income Housing for Seniors in Santa Cruz County
March 5, 2020
Marina, CA-Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $4 million loan to BRIDGE Housing for a portion of the acquisition of Paloma Del Mar senior apartments with the purpose of maintaining affordability for low-income senior households in Freedom, CA. The loan is part of a joint program between Housing Trust…
Press Releases
Housing Trust Launches Apple’s $150 Million Affordable Housing Fund
March 2, 2020
Today we are proud to announce the launch of Apple’s $150 Million Affordable Housing Fund. It is funded by a $150 million grant to Housing Trust with the goal of building more affordable housing in the greater Bay Area, and part of Apple’s $2.5 billion commitment to combat California’s housing crisis announced in November. To…
Press Releases, Updates
Housing Trust Welcomes Five New Members of the Board of Directors
February 20, 2020
Housing Trust is pleased to announce Mike Beasley of Beasley Consulting, Kevin Deeble of Cisco, Jonathan Fearn of Greystar, Papia Gambelin of Platinum Advisors and Meg McGraw-Scherer of California Housing Partnership have joined the Board of Directors at Housing Trust Silicon Valley. Mike Beasley is the retired Chairman of the Board of Rocket Software. Before…
Press Releases, Updates
First Recipients of Measure A-Funded Down Payment Assistance Program Move into Homes
September 12, 2019
SAN JOSE, CALIF-The first recipients of a down payment assistance program, funded by the 2016 Measure A Affordable Housing Bond, have purchased their homes. The program, called Empower Homebuyers SCC, is intended to help households who make up to 120% of the area median income – the “missing middle” in Santa Clara County – become first-time homeowners.
Press Releases, Updates
Empower Program Welcomes New Homebuyers
September 12, 2019
Empower Homebuyers SCC, the down payment assistance program created by the County of Santa Clara and administered by us has already helped ten individuals and families buy their first home. This Measure A-funded program was created to help first-time homebuyers earning up to 120% of the area median income – the ‘missing middle’ in terms…
Press Releases, Updates
Google Makes Big Investment in TECH Fund
August 29, 2019
Google, a longtime supporter and friend of Housing Trust Silicon Valley, is following through on its commitment to affordable housing by investing $50 million in our TECH Fund.
Press Releases
Google Invests $50 Million in Housing Trust’s TECH Fund
July 24, 2019
Today, Google is making a $50 million investment in Housing Trust Silicon Valley’s TECH Fund. Google’s investment is the largest investment in the fund to date. Housing Trust Silicon Valley launched the TECH (Tech + Equity + Community + Housing) Fund in March 2017 to provide affordable housing developers the flexible financing needed to compete…
Press Releases, Updates
Housing Trust Silicon Valley, Santa Rosa Metro Chamber Create Sonoma County Housing Fund to Spur Critically Needed Affordable Housing
July 16, 2019
The Santa Rosa Metro Chamber, a business and economic advocate leading the Sonoma County region, has partnered with Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) focused on affordable housing in the greater Bay Area, to create the Sonoma County Housing Fund – a collaborative effort to bring critically needed affordable housing to the region.
Press Releases, Updates
Housing Trust Receives $120,000 Wells Fargo Grant to Boost the Production of ‘Granny Units,’ Increase the Supply of Affordable Housing in Bay Area
May 4, 2019
Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) focused on affordable housing in the greater Bay Area, is pleased to announce it received a $120,000 Wells Fargo grant to help the Small Homes, Big Impact (SHBI) program build its reach and capacity.