On the morning of September 15th, 2021, we gathered with a lot of friends and partners for the groundbreaking of Agrihood; a development which will provide 361 new homes – including 181 below-market rate homes for seniors and senior veterans. Read the press release here and see the rendering of the Agrihood project. Agrihood was…
Success Stories, Updates
A Grand Opening for MidPen’s Chestnut Square in Livermore
August 20, 2021
In 2017, Housing Trust provided a $2 million pre-development loan to MidPen for Chestnut Square, an affordable housing development in Livermore. Friday, August 20, 2021 was the grand opening – and our own Noni Ramos was among the speakers, along with Mayor Bob Woerner of Livermore, County Supervisor David Haubert, MidPen’s Matt Franklin, and others….
Impact of COVID-19 on Affordable Housing: Oh, What a Year! – 10:00am – 11:00am
May 27, 2021
COVID-19 has impacted affordable housing in the Bay area in many ways: both for existing operating affordable housing properties as well as new development activities. Hear from some of the Bay area’s largest affordable housing developers and learn how they adjusted and the long-term impact on future development activities. May 27, 2021 10:00 AM Pacific…
Newly Funded
TECH Fund, 2015 Loan Pool Help Affirmed Housing Bring New Affordable, Transit-Oriented Homes to San Jose
February 18, 2021
Housing Trust has made a $4.11 million acquisition loan for Affirmed Housing’s Almaden Apartments development – located on Almaden Road in San Jose. The project is an 80-unit, six-story, 100% affordable multifamily building to consist of 54 homes reserved for extremely low income households earning up to 30% area median income (AMI) and 25 for…
Updates
Breaking New Ground with Habitat for Humanity
September 23, 2020
Over the summer, we announced a $1 million construction loan made to Habitat for Humanity Monterey Bay. In late August the organization scheduled a socially distanced groundbreaking in the Live Oak neighborhood of Santa Cruz County. Habitat CEO Satish Rishi, Representative Jimmy Panetta, Susan True from the Community Foundation Santa Cruz County and others were…
Success Stories, Updates
PATH to Home: An Update on Villas on the Park
July 30, 2020
During the first week of March, several of our team walked a few blocks from our downtown San Jose office to Villas on the Park to celebrate the grand opening. At the time, COVID-19 restrictions were starting to appear (the shelter in place order would come a week later) but we were thrilled to attend…
Newly Funded, Press Releases, Updates
First Housing Trust Loan to Habitat for Humanity Monterey Bay: $1 Million for Affordable Santa Cruz Homes
June 30, 2020
Housing Trust has further expanded its impact in Santa Cruz County by making its very first loan to Habitat for Humanity Monterey Bay to help build 11 homes on Harper Street in Santa Cruz. While much of Housing Trust’s recent lending has been for predevelopment or land acquisition, this $1 million loan represents an exciting…
Newly Funded, Press Releases
$2.052 Million Loan from Monterey Bay Housing Trust Supports Low Income Housing for Families in Santa Cruz County
May 28, 2020
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
May 21, 2020
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
May 20, 2020
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…