$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County

Newly Funded, Press Releases

$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County

$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County

Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $2.052 million acquisition loan to Eden Housing for 1482 Freedom, a site in Watsonville for an affordable housing development consisting of 53 affordable homes. The affordability will be restricted to those earning 20% to 60% of the area median income which, in Santa…

Affordable Housing Finance 201: Making Cents of Tax Credits – 1:00pm Webinar

Affordable Housing Finance 201: Making Cents of Tax Credits – 1:00pm Webinar

Affordable Housing Finance 201: Making Cents of Tax Credits – 1:00pm Webinar

The conversion of tax credits into dollars for development can often be confusing for many community development practitioners. Join Craig Mizushima, Housing Trust’s Chief Compliance & Risk Officer, for a workshop that will provide clarity and understanding for developers, nonprofit community development staff, planners, government officials and CRA bankers about the differences in the ability…

Affordable Housing Finance 101 – 3:00pm Webinar

Affordable Housing Finance 101 – 3:00pm Webinar

Affordable Housing Finance 101 – 3:00pm Webinar

How does affordable financing work? What is the difference between Measure A, TECH Fund, and the Apple Affordable Housing Fund? Housing Trust’s Chief Lending Officer Fathia Macauley will give an inside look at how Housing Trust, public entities, private lenders and equity investors are working to create more affordable housing in our region. You’ll learn…

Newly Funded

$3.4 Million Acquisition Loan in San Jose to Reed Community Partners

Housing Trust has made a $3.4 million acquisition loan to Reed Community Partners, which is working in partnership with Allied Housing, Abode Services and the County of Santa Clara, for the future site of The Dahlia apartments in San Jose. The site on the corner of Santa Clara and 24th Street is projected to have…

More Multifamily Lending – and More to Come

Newly Funded, Updates

More Multifamily Lending – and More to Come

More Multifamily Lending – and More to Come

Today we are happy to report continued strides in our lending thanks to funding from a host of wonderful supporters – including our TECH Fund investors, Supportive Housing Fund partner County of Santa Clara, all of our banking and philanthropic partners, and the County of Santa Clara’s Measure A.   Our Multifamily Lending Team has…

52 Proposals: An Apple Affordable Housing Fund Update

Updates

52 Proposals: An Apple Affordable Housing Fund Update

52 Proposals: An Apple Affordable Housing Fund Update

To our Valued Partners, We want to thank you all for your continued commitment to affordable housing. A special thanks to those who submitted an RFP for the Apple Affordable Housing Fund; we know that a lot of hard work and thoughtfulness went into each proposal. We are pleased to announce we have received 52 proposals…

Supporting Essential Work: A Message from Multifamily

Updates

Supporting Essential Work: A Message from Multifamily

Supporting Essential Work: A Message from Multifamily

Dear Valued Partner,  The creation of affordable housing was essential before this pandemic, and it is essential now even with California’s Shelter in Place order. We want to assure our partners that there is no change to our commitment to continue to lend the flexible and unique capital provided by Housing Trust.  As we all know,…

Success Stories, Updates

A Grand Opening for Villas on the Park

The morning of March 6 was a morning long in the making. Villas on the Park – an 83 home permanent supportive housing development in San Jose just up the street from our office – had its grand opening. Jim Silverwood, President and CEO of Affirmed Housing correctly referred to the project as “a Rubik’s…