Rendering of Castroville Oaks

Press Releases, Updates

Housing Trust and Monterey Bay Economic Partnership Make First Loan in Monterey Bay Region

Rendering of Castroville Oaks

Marina, CA (June 20, 2017) The Monterey Bay Housing Trust (MBHT), a joint program of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley, announced today its first loan — $500,000 to Community Housing Improvement Systems & Planning Association, Inc. (CHISPA) to assist in the development of the Castroville Oaks Affordable Housing Community….

Steve Tate

Updates

Spotlight: Steve Tate, Housing Trust Board Member and Mayor of Morgan Hill

Steve Tate

After nine years of service on the Housing Trust Silicon Valley Board of Directors, Morgan Hill Mayor Steve Tate will be leaving the Board in February of 2018 in accordance with our term policy. But the legacy that he leaves behind for both the Housing Trust and the community he continues to represent is impressive.

Quetzal RCD

Newly Funded

$4.3 Million Loan for Quetzal Gardens

Quetzal RCD

Housing Trust made a $4.3 million acquisition loan to RCD for Quetzal Gardens in the Little Portugal area of East San Jose. Quetzal Gardens will be six stories and the first two floors of the development will consist of a lobby, retail space for community serving non-profits and a parking garage. All 70 apartments will…

Loan to Hello Housing Preserves Affordability of East Palo Alto Homes

Newly Funded

Loan to Hello Housing Preserves Affordability of East Palo Alto Homes

Loan to Hello Housing Preserves Affordability of East Palo Alto Homes

Housing Trust is providing a $610,313 loan to Hello Housing, a nonprofit affiliate of MidPen Housing to acquire three single family homes on Garden Street in East Palo Alto, San Mateo County. The three homes are currently rented to low-income tenants. When the tenants decide to move, Hello Housing may use the homes to create ownership opportunities…

Housing Trust Impact Continues to Expand

Success Stories, Updates

Housing Trust Impact Continues to Expand

Housing Trust Impact Continues to Expand

Housing Trust Silicon Valley had its most impactful year to date in 2016, according to CEO Kevin Zwick in his Investor Briefing report to the community. Last year, the Housing Trust lent $20 million in early stage, risk capital to affordable multifamily housing developers – more than any previous year in its 17-year history. The…