We’re inspired by all of our development partners and proud to stand with them all – and Resources for Community Development is just one example of the organizations that do great work and inspire us to do even better with our own. One of our very first acquisition loans was made to RCD – $1.1…
Success Stories
Affordable Housing and Leadership: Our Friends at Resources for Community Development
May 14, 2020Newly Funded
$3.4 Million Acquisition Loan in San Jose to Reed Community Partners
May 6, 2020Housing 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…
Newly Funded, Updates
More Multifamily Lending – and More to Come
April 24, 2020Today 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…
Updates
52 Proposals: An Apple Affordable Housing Fund Update
April 16, 2020To 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…
Updates
Supporting Essential Work: A Message from Multifamily
April 3, 2020Dear 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, 2020The 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, 2019Housing 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, 2019Housing 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, 2019TECH 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, 2019Measure 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…