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…
Newly Funded
TECH Fund Helps Housing Trust Close 2nd Loan in Redwood City
April 9, 2020
Housing Trust made a $6.4 million loan to Affirmed Housing Group to acquire a site in Redwood City – drawing from our TECH Fund, which has helped finance over 3,000 homes since its creation in 2017. This Affirmed Housing project will add 90 homes to the 55 Housing Trust previously funded by preservation of affordable…
Newly Funded
Supportive Housing Fund Deployed for Markham Plaza Bridge Loan
April 9, 2020
Housing Trust has provided a $995,000 bridge loan for Markham Plaza II, Phase 2 of Markham Plaza Project, a 153 home Core Companies development in San Jose. This is following an earlier $1.3 million loan to the Phase I development. Both loans are allowing the Sponsor time to restructure the debt and rehabilitate the project…
Success Stories, Updates
Empowered by Home: Dmitry’s Story
April 9, 2020
Dmitry, a teacher for the visually impaired, has worked for the Cupertino Union School District for the last four years. He loves the community he serves and could not imagine working anywhere else. Last fall, Dmitry first discussed his dream to own a home with his parents and they suggested he look into local down…
Success Stories
Empowered by Home: Katie and Carlos’ Story
April 9, 2020
Katie and Carlos first heard about the Empower Homebuyers SCC program in November 2018 when a family member told them about the very first town hall presentation, led by Supervisor Cindy Chavez, about the new Santa Clara County program for first-time homebuyers. Born and raised in the area, one a city engineer and the other…
Updates
Still Empowering: A Message from our Homeownership Team
April 4, 2020
We hope you are staying healthy and safe. As you may know, Housing Trust is working remotely and all of our programs are still operational – and this includes our work helping first-time homebuyers. Purchasing a home is complicated work and our team is here to help you. The first step is to complete our Homeownership Assistance Online…
Updates
Supporting Essential Work: A Message from Multifamily
April 3, 2020
Dear Valued Partner, The creation of affordable housing was essential before this pandemic, and it is essential now even with California’s Shelter in Place order. We want to assure our partners that there is no change to our commitment to continue to lend the flexible and unique capital provided by Housing Trust. As we all know,…
Updates
Apple Affordable Housing Fund: Application Update
March 31, 2020
Thank you for your interest in applying to the Apple Affordable Housing Fund RFP. As you are aware, we extended the deadline to submit an RFP to April 9. We have recently become aware of a document upload limitation issue with the online form software and want to ensure that your experience in applying to this opportunity…
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…
Updates
Apple Affordable Housing Fund News: RFP Deadline Extensions
March 20, 2020
We hope that each of you is well and has the space to take care of your most pressing needs. For this reason, we will be extending the deadlines for the Apple Affordable Housing Fund Request for Proposals. Both the due dates for questions and proposal submissions will be extended by two weeks. The last…