After emigrating from Vietnam, Karen and her husband Ngoc worked in the Bay Area for 14 years – she in banking and him as a technician – and were renting incrementally smaller living spaces even as their family grew to include two small children. When they found Empower Homebuyers SCC in 2019, they were on…
Newly Funded
$3.4 Million Acquisition Loan in San Jose to Reed Community Partners
May 6, 2020
Housing Trust has made a $3.4 million acquisition loan to Reed Community Partners, which is working in partnership with Allied Housing, Abode Services and the County of Santa Clara, for the future site of The Dahlia apartments in San Jose. The site on the corner of Santa Clara and 24th Street is projected to have…
Updates
Beyond Affordable Housing Month: Non-Profit Housing Association Leading Long Term
May 4, 2020
Affordable Housing Month is a big effort engaged in by a lot of committed partners, and we’d like to take a moment to acknowledge Non-Profit Housing Association of Northern California. If the last few months have taught us anything it is that a definitive and timely response to a crisis can make a huge difference…
Success Stories
Home over Time: Michele & Don’s Story
May 4, 2020
Michele, an elementary schoolteacher, worked with our homeownership team in 2016 for our Below Market Purchase (BMP) program we administer for the city of Santa Clara. We caught up with her in 2018 – two years after she and her husband Don moved in, and they both expressed joy at living in a place where…
Updates
Affordable Housing Month Kicks off May 1
April 24, 2020
Yesterday, the same day our Homeownership Team had their first Empower Homebuyers SCC webinar, Sonya Singha, a member of our ADU team, took part in an online panel discussion of financing an ADU. Both are just a warm-up for the growing list of coming events in May as SV@Home opens Affordable Housing Month. The theme…
Updates
SVLG Regional Economic Forum on May 1
April 24, 2020
Next Friday, May 1, our friends at the Silicon Valley Leadership Group are hosting Regional Economic Forum: In the COVID-19 Era. It’s the first time as a virtual event and our own Kevin Zwick will be on the Housing and Homelessness panel and our Chief Lending Officer Fathia Macauley will be on the virtual stage…
Updates
A Smile for Eden Housing and Volunteering
April 24, 2020
When COVID-19 is behind us we will all commit to things that were postponed in the wake of the Shelter in Place. For many of us it is a long list – and for our organization we will happily present Linda Mandolini, President of Eden Housing, with the Housing Champion Award. We have been checking…
Updates
Homeownership at Work: First Empower Webinar Takes Shape
April 24, 2020
Since the Shelter in Place order began, the Homeownership team closed two loans for Empower Homebuyers SCC – the Measure A funded down payment assistance program created by the County of Santa Clara and administered by us. One of the loans went to a Cupertino teacher named Dmitry and the other for Katie and Carlos’…
Newly Funded, Updates
More Multifamily Lending – and More to Come
April 24, 2020
Today we are happy to report continued strides in our lending thanks to funding from a host of wonderful supporters – including our TECH Fund investors, Supportive Housing Fund partner County of Santa Clara, all of our banking and philanthropic partners, and the County of Santa Clara’s Measure A. Our Multifamily Lending Team has…
Updates
52 Proposals: An Apple Affordable Housing Fund Update
April 16, 2020
To our Valued Partners, We want to thank you all for your continued commitment to affordable housing. A special thanks to those who submitted an RFP for the Apple Affordable Housing Fund; we know that a lot of hard work and thoughtfulness went into each proposal. We are pleased to announce we have received 52 proposals…