Rendering of Castroville Oaks

Press Releases, Updates

Housing Trust and Monterey Bay Economic Partnership Make First Loan in Monterey Bay Region

Rendering of Castroville Oaks

Marina, CA (June 20, 2017) The Monterey Bay Housing Trust (MBHT), a joint program of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley, announced today its first loan — $500,000 to Community Housing Improvement Systems & Planning Association, Inc. (CHISPA) to assist in the development of the Castroville Oaks Affordable Housing Community….

Steve Tate

Updates

Spotlight: Steve Tate, Housing Trust Board Member and Mayor of Morgan Hill

Steve Tate

After nine years of service on the Housing Trust Silicon Valley Board of Directors, Morgan Hill Mayor Steve Tate will be leaving the Board in February of 2018 in accordance with our term policy. But the legacy that he leaves behind for both the Housing Trust and the community he continues to represent is impressive.

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…