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
March 6, 2020
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…
Newly Funded
Resources for Community Development, TECH Fund Help Bring Affordable Housing Honoring Maudelle Shirek to Berkeley
December 18, 2019
Housing Trust has made a $6.1 million loan to Resources for Community Development to acquire a 0.6 acre site near the Ashby BART station in Berkeley, which will bring 87 affordable apartments – ranging in size from studios up to three bedrooms – and nonprofit commercial office space on the ground floor. The development will…
Newly Funded
Housing Trust Makes First Multifamily Loan in Emeryville
December 18, 2019
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…
Newly Funded
Google’s TECH Fund Investments Head to Work
October 30, 2019
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…
Success Stories, Updates
The Momentum, Direction and Movement of Measure A
October 30, 2019
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…
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.
Press Releases, Updates
Google Makes Big Investment in TECH Fund
August 29, 2019
Google, a longtime supporter and friend of Housing Trust Silicon Valley, is following through on its commitment to affordable housing by investing $50 million in our TECH Fund.