TECH Fund is Housing Trust’s affordable housing investment vehicle created to both encourage greater Bay Area employers and philanthropic organizations to invest in affordable housing and enable developers to compete for land on the open market. As of today the investors in TECH Fund include Cisco, Google, Grove Foundation, LinkedIn, NetApp, the David and Lucile Packard…
Newly Funded, Success Stories
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes
October 17, 2019
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes Housing Trust has made a $4.74 million loan to Affirmed Housing for 3090 South Bascom Avenue in San Jose to create 88 affordable homes – half of which will be permanent supportive housing, in line with Santa Clara County’s Measure A priorities….
Newly Funded
$800K Bridge Loan to Second Street Studios
October 17, 2019
First Community Housing received a $800,000 bridge loan for Second Street Studios, a 135 home project for which Housing Trust had provided predevelopment funding. Following the groundbreaking in late 2017, Second Street Studios, the first new construction of 100% permanent supportive housing in San Jose, has had different financing needs than most area multifamily developments…
Newly Funded, Updates
$1.48 Million Loan to Bill Wilson Center for Transitional Housing Placement Program
October 17, 2019
Bill Wilson Center, which provides services and support for youth and families experiencing homelessness, purchased a single-family home in Santa Clara County to support the expansion of the Transitional Housing Placement Program.
Newly Funded
Google’s TECH Fund Investment and Supportive Housing Fund Help PATH Acquire 4th & Younger for 93 Affordable Homes
August 28, 2019
A portion of Google’s TECH Fund Investment, announced just one month ago, has already been put to work toward a one-acre parcel of land in Hyde Park in San Jose.
Success Stories, Updates
Finally Home Program Helps 127 Find Home at Second Street Studios
August 27, 2019
We had the pleasure of attending the Second Street Studios grand opening on August 23rd. 134 apartments of permanent supportive housing are changing the lives of 134 families thanks to the efforts of First Community Housing and their committed partners. Of all of the remarks that were made that day the ones that arguably carried…
Success Stories, Updates
Old and New Partners Join to Bring New Kitchen to Hope’s Corner
June 28, 2019
During Affordable Housing Week in May, we got to step into the new kitchen at Hope’s Corner in Mountain View. A lot of time, teamwork and love went into making a kitchen that serves hundreds of our most vulnerable neighbors each week – Google, Sobrato Family Foundation, Second Harvest Food Bank and others stepped forward in a big way….
Success Stories, Updates
Meet Ralph and Babygirl
June 28, 2019
One of the residents of First Community Housing‘s recently opened Second Street Studios is Ralph, an army veteran who grew up in Colorado but moved to California to be closer to his son and to pursue jobs on ranches. He worked hard but a series of hardships had him living in a motor home in…
Updates
Second Street Studios Makes First Impression
June 28, 2019
In March 2017 Housing Trust was proud to attend the groundbreaking ceremony for Second Street Studios – San Jose’s first 100% permanent supportive housing development.
Newly Funded
87 Home Project by Affirmed Housing Comes to San Jose
November 8, 2018
Housing Trust Silicon Valley has made a $4 million acquisition loan to Affirmed Housing for an 87 home development in San Jose – which will be modeled closely on a previous project we helped fund, Villas on the Park.