Housing Trust Silicon Valley, a nonprofit community loan fund based in San Jose, has announced LinkedIn’s $10 million investment in TECH Fund has already been used to assist in the construction of 163 affordable housing units in Mountain View. LinkedIn’s investment is part of a $8.1 million loan to Palo Alto Housing (www.pah.community) to purchase a…
Press Releases, Updates
More affordable housing coming to Mountain View thanks to TECH Fund
January 18, 2018
Newly Funded, Updates
Eden Housing Brings More Affordable Housing Opportunities to Mountain View
January 11, 2018
A $9.7 million acquisition loan was made to Eden Housing for a project on 1100 La Avenida Avenue in Mountain View, with the goal of creating a 100% affordable housing development consisting of 93 apartments – all of which are intended for residents who make 60% or below area median income.
Updates
Construction Racing Along At Second Street
December 22, 2017
On Dec. 6th we got to visit First Community Housing’s newest development that Housing Trust provided predevelopment funding towards and watched the fascinating, Lego brick-like construction of the 134 home project.
Press Releases, Updates
LinkedIn Invests $10 million in TECH Fund
December 22, 2017
LinkedIn, the world’s largest professional network based in Silicon Valley, has invested $10 million in TECH Fund, an initiative of Housing Trust Silicon Valley to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
Success Stories
LinkedIn Commits to Affordable Housing in Mountain View W/ $10M Investment in TECH Fund
December 5, 2017
LinkedIn, the world’s largest professional network based in Silicon Valley, has invested $10 million in TECH Fund, an initiative of Housing Trust Silicon Valley to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
Newly Funded
Pre-Development Loan to Midpen for Livermore
December 5, 2017
In the East Bay, a $2 million loan to MidPen Housing’s supports pre-development costs for Chestnut Square, located at Chestnut Street in Livermore. MidPen was chosen by the City of Livermore to be the master developer of a 4.31 acre city-owned site with the ultimate goal of a 158 unit mixed income residential community.
Newly Funded
Palo Alto Housing Purchases Mountain View Site
December 5, 2017
$8.1 million was loaned to Palo Alto Housing to purchase a site at 950 W. El Camino Real in Mountain View. PAH intends to demolish the existing, underutilized structure to develop and operate a 70 unit 100% affordable housing complex.
Newly Funded, Updates
Santa Cruz, Stockton Committing to More Affordable Housing
October 30, 2017
Housing Trust recently closed two loans that afforded us the opportunity to offer support in our wider region and to do so in partnership with collaborative partners. A loan of $8.3 million was made to Visionary Home Builders for a project in Stockton and a $500,000 loan was made to For the Future Housing in Santa Cruz. The $8.3…
Updates
Thank You for Making ‘On the House’ 2017 a Success!
October 26, 2017
It was wonderful to see all who joined us at SP2 Communal Bar + Restaurant to enjoy food and drinks and spend an evening networking while celebrating another year of creating affordable housing opportunities in Silicon Valley!
Updates
New Grant Program for First-Time Homebuyers
September 28, 2017
The Housing Affordability Fund was launched with $100,000 from the California Association of REALTORS® Housing Affordability Fund plus additional donations for operational costs contributed by the Santa Clara County REALTOR® Foundation and the Silicon Valley REALTORS® Charitable Foundation.