Housing Trust Impact Continues to Expand

Success Stories, Updates

Housing Trust Impact Continues to Expand

Housing Trust Impact Continues to Expand

Housing Trust Silicon Valley had its most impactful year to date in 2016, according to CEO Kevin Zwick in his Investor Briefing report to the community. Last year, the Housing Trust lent $20 million in early stage, risk capital to affordable multifamily housing developers – more than any previous year in its 17-year history. The…

TECH Fund logo

Updates

Housing Trust Silicon Valley Launches TECH Fund Campaign

TECH Fund logo

Housing Trust Silicon Valley has launched the new TECH Fund campaign that will allow local corporations and foundations to invest in affordable housing developments that will add or preserve 10,000 homes in the region over the next 10 years.

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…

New Investments by Local Banks Double Capacity of Affordable Housing Loan Pool

Updates

New Investments by Local Banks Double Capacity of Affordable Housing Loan Pool

New Investments by Local Banks Double Capacity of Affordable Housing Loan Pool

A second round of funding from local banks is adding $6.3 million to the Housing Trust Silicon Valley 2015 Loan Pool that will help affordable housing developers expand multifamily housing opportunities in the Silicon Valley/Bay Area region. The initial 2015 Loan Pool was launched in 2015 with $7.8 million and has been used for financing…