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, a fraction of market rates. Directly across the street is the new Main Street Cupertino, a development that includes shopping, restaurants, a hotel, and apartments.