A short walk from our office in downtown San Jose is North San Pedro Apartments, which had a groundbreaking celebration this past Friday.
The sun hadn’t even risen on March 29th – the day of Housing Trust Silicon Valley’s Investor Briefing – when news of NetApp making a $10 million investment in TECH Fund hit the airwaves.
While Housing Trust is proud to share the news of affordable housing that is going to be built from the ground up we’re equally excited to engage with borrowers to preserve the affordable homes we already have. Core Companies’ Markham Plaza – a 153 home, four story rental complex just a few miles south of…
TECH Fund – which got a boost recently from Sunnyvale-based NetApp investing $10M in the campaign – contributed to the second-largest loan in Housing Trust’s history by providing a $13.75 million acquisition loan to Eden Housing.
February 1st brought happy news to Housing Trust, First Community Housing and other partners who had a stake in a San Jose senior apartment complex that had been in the works for years.
A $1.4 million loan was made to First Community Housing to purchase the investor limited partner’s interest for Betty Ann Gardens – an existing FCH project. A portion of the loan will also be used for predevelopment costs to rehabilitate the individual homes.
The collaboration among Pure Storage, LinkedIn and Cisco which invested $20 million in Housing Trust Silicon Valley’s TECH Fund in November is being put to work quickly as a $4.3 million acquisition and predevelopment loan was made to Resources for Community Development for Fremont Islander: a 128 home affordable housing development spread across one parcel improved with a…
Housing Trust Silicon Valley has made a $4 million acquisition loan to Affirmed Housing for an 87 home development in San Jose – which will be modeled closely on a previous project we helped fund, Villas on the Park.
In wine country, Housing Trust is teaming with the Northern California Community Loan Fund to provide a $5 million revolving line of credit for Burbank Housing to provide support for affordable housing in Santa Rosa and Napa. Housing Trust is a 50% participant in the loan for up to $2.5 million.
In late July, Housing Trust closed its biggest loan: $15.85 million to First Community Housing for a 300+ home development called McEvoy Apartments! This is notable both because of the size of the loan as well as the forward-thinking concept and location: at the corner of McEvoy and San Carlos St, the proposed apartments will…