When Ryan and Teresa’s landlord told them that the townhome they were renting for seven years was going to be placed on the market, the couple knew it was time to make some big decisions. Their choices were to either move to a new rental and likely pay more for rent, or they could finally…
Newly Funded, Press Releases
Monterey Bay Housing Trust Funds 40 Affordable Homes for CHISPA King City Development
July 14, 2021
(July 14, 2021) -King City, CA-Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $680,000 acquisition loan to Community Housing Improvement Systems & Planning Association Inc. (CHISPA) to purchase property in King City and create 40 affordable homes aimed toward farmworkers in the region. The property is currently made up of five…
Success Stories, Updates
Housing Trust Awarded $1.8 million from U.S. Treasury for COVID-19 Relief
June 15, 2021
Today Housing Trust Silicon Valley is proud to announce we are among 863 community development financial institutions (CDFIs) in the U.S. to be awarded funds from the Treasury’s CDFI Rapid Response Program. Our organization secured $1.8 million, which will enable Housing Trust to continue to support affordable housing developments in the greater Bay Area as…
Updates
For All Neighbors: A Short Update on Empower Homebuyers SCC
June 7, 2021
Since Housing Trust started diversity, equity and inclusion work a few years ago, we’ve been trying to do more outward facing efforts for the communities we serve, such as creating fliers in multiple languages for our homeownership/down payment assistance programs, Empower Homebuyers SCC and H.E.L.P. We are proud to take another small step in our…
Press Releases, Success Stories, Updates
Affordable Housing Partnership Announces First Three Developments to Build New Homes in Sonoma County
March 25, 2021
The Sonoma County Housing Fund – a collaborative effort between the Santa Rosa Metro Chamber and nonprofit community development financial institution (CDFI) Housing Trust Silicon Valley – is proud to announce the first three loans for critically needed affordable homes. The three separate developments – Siesta Senior Apartments in Sonoma, Stony Point Flats and Acme…
Press Releases, Updates
Google, Housing Trust Silicon Valley Initiative Investing Nearly $30 Million for Bay Area Affordable Homes
March 4, 2021
Effort to Aid Short Term and Long-Term Economic Recovery in Region Google and Housing Trust Silicon Valley, a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area, are announcing though their Launch Initiative new loans of approximately $30 million for three Bay Area affordable housing developments…
Success Stories
Empowered by Home: Marcela and her Son
February 1, 2021
Sometimes a well penned letter can change things forever. When Marcela and her six year old son first saw the house she would eventually purchase with help from the Empower Homebuyers SCC down payment assistance program, they fell in love. They were also charmed by the neighborhood and the Gilroy community. Marcela made an offer on the…
Press Releases
Bay Area Down Payment Assistance Program Still Active in Pandemic
January 14, 2021
Empower Homebuyers SCC seeks to help up to 50 homebuyers in 2021 SAN JOSE, CALIF – Housing Trust Silicon Valley, a nonprofit community loan fund, is excited to launch the 2021 series of webinars to educate future Bay Area homebuyers about Empower Homebuyers SCC – a down payment assistance program created by the County of Santa…
Updates
Down Payment Assistance News for First-Time Homebuyers
December 22, 2020
On December 16th, the homeownership team gave the last presentation of 2020 for Empower Homebuyers SCC – the down payment assistance program for first-time homebuyers created by the County of Santa Clara. When the first Shelter In Place order was given in mid-March, the team pivoted from in-person workshops to online – making 26 online…
Newly Funded, Press Releases
New, Major Loans from Google’s Launch Initiative Bringing Sustainable Affordable Homes to Bay Area
November 16, 2020
Google and Housing Trust Silicon Valley – a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area – are announcing the first investments in affordable housing from Launch Initiative, the $50 million fund rolled out in July. This comes just months after the fund was established…
Newly Funded, Press Releases
Satellite Affordable Housing Associates to Bring Homeless Veterans Home in Contra Costa County
November 11, 2020
Support from Apple, Housing Trust Silicon Valley, Chase, and other local players will help create needed affordable rental housing Virtual groundbreaking celebration scheduled on Veteran’s Day PITTSBURG, CA – Satellite Affordable Housing Associates today announces the groundbreaking for Veterans Square, a 30-home affordable housing development in Pittsburg supporting veterans. A virtual groundbreaking celebration will be…
Updates
Housing Trust Presents: #InTheHouseHT
September 8, 2020
Four weeks from today Housing Trust will be hosting our annual fall event, On the House, and we’d love for you to attend. In the meantime, we invite you to join our new social media campaign #InTheHouseHT. It’s very simple: just post a photo on social media featuring anything in your home you are especially thankful for…
Updates
Empower Homebuyers SCC Update
July 29, 2020
Our Homeownership team continues to work remotely while finding ways to keep potential homebuyers engaged. In June and July, we held five Empower Homebuyers SCC Zoom webinars and a Lender Training, with about 320 attendees. To change things up and make the informational presentations even more interesting, the team introduced poll questions, which increased engagement…
Press Releases
Housing Trust and Google Announce Launch Initiative to Create New Affordable Homes
July 23, 2020
Google and Housing Trust Silicon Valley – a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area – are announcing the creation of Launch Initiative, an affordable housing fund aimed to accelerate the start-up and preservation of homes. Launch Initiative, announced a year after Google’s $50…
Updates
Black Lives Matter: Moving to Action
June 4, 2020
Dear Partners, Our entire team is jolted and saddened by the violent and unjust killing of George Floyd, Breonna Taylor, Ahmaud Arbery, and too many others. We stand with the Black Lives Matter movement – just as we stand with our black employees, board members, partners, residents, community members – and implore our neighbors to…
Success Stories
Empowered by Home: Justin’s Story
May 8, 2020
An assistant principal at Branham High School and a single dad, Justin Ponzio dreamed of having a home for his kids – ages five and six – to live and grow. When he found the Empower Homebuyers SCC program in 2019, the trio lived in a rental near a busy frontage road that was far…
Updates
Housing Trust’s COVID-19 Response
March 26, 2020
Dear Neighbors and Partners, We believe safe, stable affordable housing opens the door to better lives for everyone. In support of this belief, we carry on our work as a nonprofit lender and our job is to be here for our borrowers and our community – supporting those who require unique and flexible financing to…
Newly Funded
Newly Funded: 71 New Affordable Homes Coming to Mixed-Income Development in Santa Cruz
July 13, 2021
Housing Trust has made a $875,000 loan to Novin Development for Water Street, a mixed-income development which will include 71 affordable homes with a number of environmentally friendly features. The project will be configured in two buildings and will source renewable energy from the power grid. Drought tolerant landscaping, a rainwater harvesting system and a…
Success Stories
Class of 2021: The Guardino Affordable Housing Scholarship Continues
June 25, 2021
One of Housing Trust’s programs is the Guardino Affordable Housing Scholarship, which is a $3,000 award given out to four students living in affordable housing and attending college in the fall. The 2021 round of scholarships was open to prior awardees – which included Aldo, a Bay Area native. Raised by a single mom and…
Success Stories
Empowered by Home: Room to Grow for Ahmed and Fatima’s Family
May 24, 2021
Originally from India, Ahmed and Fatima are naturalized U.S. citizens. Ahmed has lived in the U.S. for over 25 years and Fatima for over 30 years. Ahmed works in the tech industry, while Fatima holds a Master’s degree in commerce. Before spending the last few years focused on raising the kids as a stay-at-home parent,…
Updates
Save the Dates: Investor Briefing 2021 and More Coming to Affordable Housing Month
April 13, 2021
Our annual Investor Briefing is back for 2021 and is taking place May 20 from 10:00am to 11:00am. You can register for Investor Briefing here. This is the moment to review recent accomplishments in our work helping everyone from those experiencing homelessness to renters to first-time homebuyers, and we hope you can join our Chief…
Updates
Housing Trust Holds First Spanish-Language Empower Homebuyers SCC Webinar
April 9, 2021
On April 6, our homeownership team held its first Spanish-language webinar on Empower Homebuyers SCC – the downpayment assistance program created by the County of Santa Clara that we administer. Co-hosted by the City of Gilroy the event had over 80 attendees and was covered by Telemundo 48. Since Empower Homebuyers SCC was first launched,…