After ten years of leading Housing Trust Silicon Valley our CEO, Kevin Zwick, is taking a well-deserved three-month sabbatical. It is easy to forget the scale of the changes the organization – and the greater Bay Area – has undergone in ten years. Kevin took the helm of Housing Trust in the fall of 2008…
Updates
Kevin Zwick Celebrates 10 Years Leading Housing Trust; Readies for Sabbatical
October 31, 2018
Updates
Housing Trust CEO Honored by Santa Clara County Board of Supervisors
October 31, 2018
On October 30, we took joy in watching our own CEO, Kevin Zwick, receive a Commendation from the County of Santa Clara Board of Supervisors after a warm welcoming message from District 2 Supervisor Cindy Chavez. The commendation was to recognize Kevin’s leadership of Housing Trust over the past ten years, which included work on…
Newly Funded
TECH Fund Helps Preserve Affordable Homes in Santa Rosa
September 18, 2018
Eden Housing’s Quail Run in Santa Rosa, an existing 200 home apartment complex, is drawing from TECH Fund to purchase limited partner rights prior to re-syndication and complete some immediate repairs on the development. All homes at the site are restricted at 60% AMI levels. The loan marks the first time TECH Fund has been…
Updates
Small Homes, Big Impact Gets Boost from SVCF
August 30, 2018
Housing Trust’s ADU program got a big boost over the summer thanks to a grant from the Silicon Valley Community Foundation. The operating grant will help further our work in the program, which launched in early 2018 to help educate and provide funding for homebuyers willing to build an ADU on their property. According to a…
Newly Funded, Updates
Our Biggest Loan Ever
August 25, 2018
In late July, Housing Trust closed its biggest loan: $15.85 million to First Community Housing for a 300+ home development called McEvoy Apartments! This is notable both because of the size of the loan as well as the forward-thinking concept and location: at the corner of McEvoy and San Carlos St, the proposed apartments will…
Success Stories, Updates
Guardino Scholarship Winners Head to School
August 24, 2018
The Guardino Affordable Housing Scholarships are granted each year to high school seniors living in affordable housing and attending college as freshmen after graduation. Four $3,000 awards were given this year and we were fortunate to meet one of the recipients in our office: Sumayia. Born in Bangladesh and having immigrated to the U.S. at…
Newly Funded, Updates
Housing Trust uses Supportive Housing Fund to Loan Abode Services $10.3 Million for Affordable Housing in Santa Clara
August 24, 2018
Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) based in San Jose, has utilized the Supportive Housing Fund, a joint fund with the County of Santa Clara, to loan $10 million to Abode Services to acquire 2904 Corvin Drive in Santa Clara for 144 homes – all of which would be affordable and…
Newly Funded, Press Releases, Updates
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Homes Near Diridon Station
August 8, 2018
A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments.
Newly Funded
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Affordable Homes Near Diridon Station
August 2, 2018
A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments. Funds for the loan originated from Housing Trust’s TECH Fund initiative as well as the Affordable Housing Growth Fund which is made up of Bridge Bank, East West…
Updates
Affordable Housing on the November Ballot!
July 27, 2018
It’s an election year, and while there were already a lot of reasons to participate in democracy and vote this year, several ballot measures just made it all the more imperative. There are a lot of housing measures on the ballot in California – and some apply to specific cities and towns so no matter…