Housing Trust has made a $6.1 million loan to Resources for Community Development to acquire a 0.6 acre site near the Ashby BART station in Berkeley, which will bring 87 affordable apartments – ranging in size from studios up to three bedrooms – and nonprofit commercial office space on the ground floor. The development will…
Newly Funded
Resources for Community Development, TECH Fund Help Bring Affordable Housing Honoring Maudelle Shirek to Berkeley
December 18, 2019
Newly Funded
Housing Trust Makes First Multifamily Loan in Emeryville
December 18, 2019
Housing Trust has lent Resources for Community Development $1 million for a land acquisition in Alameda County – the first multifamily loan we’ve made in Emeryville. The property consists of three contiguous parcels totaling .39-acres currently zoned for 39 units, and a separate RCD property, Bay Bridge Apartments, abuts the site and is currently occupied by…
Updates
March 13, 2020 is Housing Trust's Investor Briefing!
December 12, 2019
This is the time of year when we’re ordering new calendars for 2020. When you get yours be sure to save the date of Friday, March 13, 2020, 10:30am to 1:00pm, for our annual Investor Briefing. Last year, as you all know, we had a record crowd of about 600 at the Santa Clara Convention Center, and…
Updates
Another Big Year for Turkey Trot
December 12, 2019
On Thanksgiving Day – November 28th, 2019, the 15th Applied Materials Silicon Valley Turkey Trot took place. About 23,000 runners came together to support five area nonprofits and experience a long and proud tradition of downtown San Jose. For years Housing Trust has been among five area nonprofits – which include Health Trust, Healthier Kids…
Success Stories, Updates
Villas on the Park Starts Welcoming Residents
December 12, 2019
We believe our communities are more diverse, sustainable, and vibrant when everyone has a safe, stable and affordable place to live. While we’ve been able to practice this belief throughout the thirteen county greater Bay Area, we’ve had the pleasure of seeing it up close, too. Villas on the Park, an 84 apartment complex on…
Newly Funded
Google’s TECH Fund Investments Head to Work
October 30, 2019
TECH Fund is Housing Trust’s affordable housing investment vehicle created to both encourage greater Bay Area employers and philanthropic organizations to invest in affordable housing and enable developers to compete for land on the open market. As of today the investors in TECH Fund include Cisco, Google, Grove Foundation, LinkedIn, NetApp, the David and Lucile Packard…
Success Stories, Updates
The Momentum, Direction and Movement of Measure A
October 30, 2019
Measure A – the affordable housing bond measure passed in 2016 – is projected to fund 120 affordable housing developments over ten years and has already been at the heart of several multifamily projects that have been in the news lately. As reported in The San Jose Mercury News, the Santa Clara County Board of Supervisors recently…
Updates
‘On the House Comes to Downtown San Jose
October 30, 2019
On the House, our annual fall celebration, took place on Oct. 7th at District SJ and gave us a chance to share our recent successes and give thanks to all who support our work. In addition, On the House was when we released our 2019 annual report for the fiscal year that ended in June….
Updates
Welcome Fathia Macauley – our new Chief Lending Officer
October 23, 2019
Today Housing Trust Silicon Valley is excited to announce Fathia Macauley has joined the Housing Trust team as Chief Lending Officer, where she will be overseeing our multifamily lending program – which lent more than $73 million in fiscal 2019 to help create 1,843 homes across 13 developments throughout the greater Bay Area. Fathia comes…
Newly Funded, Success Stories
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes
October 17, 2019
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes Housing Trust has made a $4.74 million loan to Affirmed Housing for 3090 South Bascom Avenue in San Jose to create 88 affordable homes – half of which will be permanent supportive housing, in line with Santa Clara County’s Measure A priorities….