Charities Housing Development is receiving a $3,000,000 loan for Senior Homes on Stevens Creek. Charities will use the loan to acquire land in Cupertino to build 19 units for low-income seniors. Cupertino, home of Apple, has not had a new affordable rental project in more than 10 years. Rents will be between $550 and $945 per month,…
Newly Funded
Newly Funded: $1.1 Million for Embark Apartments
June 25, 2015
Housing Trust is providing a $1.1 million acquisition loan to Resources for Community Development (RCD) for Embark Apartments, a 60-unit development for households at or below 30-60% of area median income. The ground floor will have management offices and a large multipurpose community room next to a parking garage, with apartments above. Embark Apartments’ proximity…