Our partnership with Google for the Evelyn Avenue affordable housing development in Mountain View received coverage in the media outlets below.
San Jose Mercury News – March 3, 2022
Mountain View affordable homes project pushes ahead with property deal
A big affordable housing development in Mountain View is pushing ahead after a property purchase of the site needed for the project.
Charities Housing, acting through an affiliate, has bought a 2.3-acre site at 67 E. Evelyn Ave. in Mountain View, documents filed on Feb. 23 with the Santa Clara County Recorder’s Office show.
The affiliate of Charities Housing, Evelyn Avenue LP, paid $18.1 million for the property, which is a triangle-shaped site near where State Route 85 crosses Central Expressway, according to public records.
Housing Trust Silicon Valley provided $17.2 million in financing for the property purchase, the county documents show.
“With the Bay Area’s severe housing shortage of nearly 500,000 affordable homes, we’re focused on helping increase the affordable housing supply as quickly as possible,” said Javier Gonzalez, Google’s head of local government affairs and public policy in California.
“This is our home and as we continue to grow, we’re committed to working with Housing Trust and Charities Housing, as well as other organizations, to help our community solve challenging problems,” Gonzalez said.
Silicon Valley Business Journal – March 8, 2022
“It’s in an area that has access to everything everybody wants to have access to,” said Noni Ramos, CEO of Housing Trust Silicon Valley, which teamed up with Google to loan Charities $17.2 million to purchase the site. “This is what creates thriving communities. This was what enables families and individuals to really have that foundation of affordable housing.”
KRON4 News – March 7, 2022
More affordable housing coming to Mountain View thanks to$17.2M loan
“This project speaks to our mission to provide long-term, sustainable resources for addressing our housing crisis,” said Consuelo Hernandez, the County of Santa Claraʼs Director of Supportive Housing.
“It can take five years or longer to go from acquiring property to completing construction. This investment in the early, predevelopment phase is part of our strategic plan to develop a robust housing pipeline to end homelessness in Santa Clara County.”
The Real Deal – March 3, 2022
Nonprofit gets $17.2M loan for affordable housing in Mountain View
A nonprofit housing developer got a $17.2 million loan to buy land for high-density affordable housing in Mountain View. Housing Trust Silicon Valley said that it will provide the loan to Charities Housing along with Google to buy two properties on East Evelyn Avenue, the Mountain View Voice reported. About 160 units of affordable housing are planned for the 2.2-acre site next to one of the city’s safe parking lots. A single-story commercial building will be demolished.
Cupertino Today – March 2, 2022
Google Launch Initiative loan helps fund new affordable housing in Mountain View
“Our vision for these apartments is to positively contribute to the Mountain View community and provide housing for everyone,” said Kathy Robinson, Director of Housing Development, Charities Housing. “We believe that healthy communities are the basis for thriving communities, and we hope to make this a reality with everyone of our affordable housing developments.”
Mountain View Voice – March 2, 2022
Nonprofit picks up $17.2M loan to buy land for affordable housing in Mountain View
“We are excited to partner with Google and Charities Housing to make affordable housing widely accessible,” said Housing Trust CEO Noni Ramos in a statement. “This partnership allows us to realize our mission of creating safe, stable, and affordable housing solutions for those experiencing homelessness, for renters, and for first-time home buyers.”