Algarve Rendering

Newly Funded

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

Algarve Rendering

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,…

Villas on the Park ribbon

Success Stories, Updates

A Grand Opening for Villas on the Park

Villas on the Park ribbon

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…

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…