It was only last month Housing Trust announced LinkedIn’s $10 million investment in affordable housing in Mountain View using TECH Fund – joining original backers Cisco Foundation, Sobrato Family Foundation and the David and Lucile Packard Foundation.
Housing Trust Silicon Valley, a nonprofit community loan fund based in San Jose, has announced LinkedIn’s $10 million investment in TECH Fund has already been used to assist in the construction of 163 affordable housing units in Mountain View. LinkedIn’s investment is part of a $8.1 million loan to Palo Alto Housing (www.pah.community) to purchase a…
A $9.7 million acquisition loan was made to Eden Housing for a project on 1100 La Avenida Avenue in Mountain View, with the goal of creating a 100% affordable housing development consisting of 93 apartments – all of which are intended for residents who make 60% or below area median income.
On Dec. 6th we got to visit First Community Housing’s newest development that Housing Trust provided predevelopment funding towards and watched the fascinating, Lego brick-like construction of the 134 home project.
LinkedIn, the world’s largest professional network based in Silicon Valley, has invested $10 million in TECH Fund, an initiative of Housing Trust Silicon Valley to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
Dignity Health has provided a $1 million loan to Housing Trust Silicon Valley for affordable housing projects in Santa Cruz County and surrounding areas. The loan supports the Monterey Bay Housing Trust, a collaborative effort of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley.
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…
It was wonderful to see all who joined us at SP2 Communal Bar + Restaurant to enjoy food and drinks and spend an evening networking while celebrating another year of creating affordable housing opportunities in Silicon Valley!
The Housing Affordability Fund was launched with $100,000 from the California Association of REALTORS® Housing Affordability Fund plus additional donations for operational costs contributed by the Santa Clara County REALTOR® Foundation and the Silicon Valley REALTORS® Charitable Foundation.
Board Member John Bruno considers Housing Trust Silicon Valley the perfect example of what his mother always told him – “If it’s to be, it’s up to me.”