A packed room of almost 500 guests and an all time high of on-the-spot donations set new records for Housing Trust Silicon Valley’s annual Investor Briefing.
Press Releases
Housing Trust Silicon Valley launches TECH Fund campaign
March 28, 2017
Housing Trust Silicon Valley has launched the new TECH Fund campaign that will allow local corporations and foundations to invest in affordable housing developments that will add or preserve 10,000 homes in the region over the next 10 years.
Updates
Housing Trust Silicon Valley Launches TECH Fund Campaign
March 28, 2017
Housing Trust Silicon Valley has launched the new TECH Fund campaign that will allow local corporations and foundations to invest in affordable housing developments that will add or preserve 10,000 homes in the region over the next 10 years.
Newly Funded
Loan in Livermore Helps Fund Homes for People with Special Needs
January 31, 2017
Housing Trust is providing a predevelopment loan in the amount of $500,000 to MidPen Housing for Sunflower Hill, a 45-apartment community in Livermore serving individuals with developmental disabilities. Sunflower Hill was formed as a nonprofit in 2012 by families of children with special needs to develop 45 apartments of affordable housing for adults with developmental…
Newly Funded
Villas on the Park Coming to Downtown San Jose
December 15, 2016
Housing Trust is providing a $1 million pre-development loan for Villas on the Park, an 83-apartment complex on Second Street in downtown San Jose. The plan includes 78 apartments for permanent supportive housing and five apartments for interim housing for up to 20 residents — all for individuals who have incomes below 35% of area…
Newly Funded
Fuji Towers Apartments
December 9, 2016
Housing Trust Silicon Valley is providing a pre-development loan in the amount of $500,000 to Fuji Towers, a HUD-financed 140 apartment senior housing development in the Japantown neighborhood of San Jose. Fuji Towers opened 40 years ago to house low-income Japanese-American residents. The resident population has diversified over the years, but remains a vibrant and close…
Newly Funded, Updates
Atherton Court Apartments – MidPen Housing
December 5, 2016 Housing Trust Silicon Valley is providing a loan in the amount of $11.2m to MidPen Housing Corporation for acquisition of the 55-unit Atherton Court Apartments. If it weren’t for MidPen’s purchase of Atherton Court, the apartments could have been sold to a market-rate developer, putting existing low-income tenants at risk of massive rent increases and displacement. As…
Newly Funded
Loan Helps Visionary Home Builders Create New Housing in Stockton
September 16, 2016
Visionary Home Builders of California are receiving Housing Trust’s first loan in the city of Stockton. The $472,500 loan will go toward helping Visionary buy undeveloped lots in a subdivision that was left incomplete by the recession. The intention is to build 21 new homes to be sold to first-time home buyers making no more than…
Updates
New Investments by Local Banks Double Capacity of Affordable Housing Loan Pool
June 7, 2016
A second round of funding from local banks is adding $6.3 million to the Housing Trust Silicon Valley 2015 Loan Pool that will help affordable housing developers expand multifamily housing opportunities in the Silicon Valley/Bay Area region. The initial 2015 Loan Pool was launched in 2015 with $7.8 million and has been used for financing…
Newly Funded
BAREC Site Development – Core Affordable Housing
May 25, 2016
Core Affordable Housing will be building 359 units on the BAREC site in Santa Clara. HTSV is lending $2,250,000 to Core to prepare the site for development of a project dubbed Agrihood. The site is the former University of California Bay Area Research and Extension Center (BAREC), and was used for agricultural research. BAREC will be a…