Housing Trust Makes First Multifamily Loan in Emeryville

Newly Funded

Housing Trust Makes First Multifamily Loan in Emeryville

Housing Trust Makes First Multifamily Loan in Emeryville

Housing Trust has lent Resources for Community Development $1 million for a land acquisition in Alameda County – the first multifamily loan we’ve made in Emeryville.  The property consists of three contiguous parcels totaling .39-acres currently zoned for 39 units, and a separate RCD property, Bay Bridge Apartments, abuts the site and is currently occupied by…

Rendering of 4th and Younger

Newly Funded

Google’s TECH Fund Investments Head to Work

Rendering of 4th and Younger

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…

The Veranda in Cupertino

Success Stories, Updates

The Momentum, Direction and Movement of Measure A

The Veranda in Cupertino

Measure A – the affordable housing bond measure passed in 2016 – is projected to fund 120 affordable housing developments over ten years and has already been at the heart of several multifamily projects that have been in the news lately. As reported in The San Jose Mercury News, the Santa Clara County Board of Supervisors recently…

Second Street Studios - First Community Housing

Newly Funded

$800K Bridge Loan to Second Street Studios

Second Street Studios - First Community Housing

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…

First Community Housing's Geoff Morgan, left, talking with some of the new residents of Second Street Studios

Success Stories, Updates

Finally Home Program Helps 127 Find Home at Second Street Studios

First Community Housing's Geoff Morgan, left, talking with some of the new residents of Second Street Studios

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…