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….
Press Releases, Updates
Housing Trust and Monterey Bay Economic Partnership Make First Loan in Monterey Bay Region
June 20, 2017
Press Releases, Updates
Sobrato follows Cisco with $5 million investment in Bay Area affordable housing
May 26, 2017
The Sobrato Family Foundation announced a $5 million investment in the TECH Fund campaign, supporting the creation of 10,000 affordable homes over the next 10 years throughout the Bay Area. Foundation funds will be focused on San Mateo, Santa Clara and Southern Alameda counties
Updates
Spotlight: Steve Tate, Housing Trust Board Member and Mayor of Morgan Hill
May 25, 2017
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.
Updates
Board Chair recognized as Woman of Influence by Silicon Valley Business Journal
May 9, 2017
Congratulations to Housing Trust Silicon Valley Board Chair Candice Gonzalez for her selection as a 2017 “Woman of Influence” by the Silicon Valley Business Journal.
Updates
Housing Champion Award winners Supervisors Dave Cortese and Cindy Chavez
March 30, 2017
The 2017 Housing Champion Award was presented to Santa Clara County Supervisors Dave Cortese and Cindy Chavez in honor of their passionate commitment to the passage of Measure A, which will generate $950 million over the coming years for affordable housing preservation and expansion.
Success Stories, Updates
Housing Trust Impact Continues to Expand
March 30, 2017
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…
Updates
Investor Briefing 2017 sets new records
March 30, 2017
A packed room of almost 500 guests and an all time high of on-the-spot donations set new records for Housing Trust Silicon Valley’s annual Investor Briefing.
Updates
Housing Trust Silicon Valley Launches TECH Fund Campaign
March 28, 2017
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.
Newly Funded, Updates
Atherton Court Apartments – MidPen Housing
December 5, 2016 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…
Updates
New Investments by Local Banks Double Capacity of Affordable Housing Loan Pool
June 7, 2016
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…