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…