There is a lot to celebrate and be thankful for as we reflect on everything we’ve done over the past year – and there’s still more we can do with your help. In no particular order (except No. 1!) here are some of the highlights we shared in 2018:
Updates
Neighborhood Stabilization Program
December 6, 2018Housing Trust Silicon Valley was awarded $25,000,000 in NSP2 funds from the Department of Housing and Urban Development (HUD) under the American Recovery and Reinvestment Act (ARRA). Our organization was the lead entity in the San Jose Consortium, which also includes the City of San Jose and Neighborhood Housing Services Silicon Valley. These stimulus funds…
Press Releases, Updates
Cisco, LinkedIn and Pure Storage Collaborate to Commit $20 Million to TECH Fund to Help Build Affordable Housing
November 27, 2018In the first ever collaborative effort, new TECH Fund investor Pure Storage and early investors LinkedIn and Cisco are together bringing $20 million to help build affordable homes in the greater Bay Area.
Press Releases, Updates
New Down Payment Assistance Program Has Launched
November 19, 2018Empower Homebuyers SCC – a 2016 Measure A down payment assistance program created by the County of Santa Clara and administered by Housing Trust Silicon Valley – is now open. Empower Homebuyers is intended to put the dream of home ownership within reach for low to moderate income people – including nonprofit workers, teachers, healthcare…
Press Releases, Updates
New Empower Homebuyers SCC Program Provides Down Payment Assistance for First-time Homebuyers in Santa Clara County
November 19, 2018ANTA CLARA COUNTY, CALIF.—The Housing Trust Silicon Valley and County of Santa Clara are launching Empower Homebuyers SCC, a new down payment assistance program for first-time homebuyers in Santa Clara County.
Newly Funded
87 Home Project by Affirmed Housing Comes to San Jose
November 8, 2018Housing Trust Silicon Valley has made a $4 million acquisition loan to Affirmed Housing for an 87 home development in San Jose – which will be modeled closely on a previous project we helped fund, Villas on the Park.
Newly Funded, Updates
Burbank Housing Teams with Housing Trust to help Fire-Impacted Wine Country
November 8, 2018In wine country, Housing Trust is teaming with the Northern California Community Loan Fund to provide a $5 million revolving line of credit for Burbank Housing to provide support for affordable housing in Santa Rosa and Napa. Housing Trust is a 50% participant in the loan for up to $2.5 million.
Updates
ADU Program Shows Off “Micro Unit” at Fall Event
October 31, 2018Our ADU Program continued this fall and partnered with SCCAOR® to use a 155 s.f. “micro unit” as a centerpiece for back-to-back events. The ADU was built by prefabADU, a Fairfield-based company specializing prefabricated homes that can be placed on any legal foundation – but placed on wooden blocks in the SCCAOR® parking lot for the demo. The first…
Updates
Bank of America, City National Bank Show Support
October 31, 2018We were fortunate to have two wonderful, long-time partners give us support on either side of our On The House celebration on Sept. 24 (click here to see the photo album).
Updates
Vote Nov. 6 & Make 2018 The Year of Affordable Housing!
October 31, 2018The presence of Proposition 1, Proposition 2, Measure V in San Jose, Measure H in Santa Cruz County and initiatives on the ballot have made the phrase ‘The Year of Affordable Housing’ come up again and again – but that term will work best after the election when we will have a lot to celebrate – but only if you…