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.
Just Funded
$1.4 Million Loan to First Community Housing Preserves Affordable Homes in San Jose
January 25, 2019
Just Funded
TECH Fund at Work: $4.3 Million for 128 Affordable Homes in RCD’s Fremont Project
January 25, 2019
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…
Just Funded
87 Home Project by Affirmed Housing Comes to San Jose
November 8, 2018
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.
Just Funded, Updates
Burbank Housing Teams with Housing Trust to help Fire-Impacted Wine Country
November 8, 2018
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.
Just Funded, Updates
Our Biggest Loan Ever
August 25, 2018
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…
Just Funded, Updates
Housing Trust uses Supportive Housing Fund to Loan Abode Services $10.3 Million for Affordable Housing in Santa Clara
August 24, 2018
Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) based in San Jose, has utilized the Supportive Housing Fund, a joint fund with the County of Santa Clara,…
Just Funded, Press Releases, Updates
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Homes Near Diridon Station
August 8, 2018
A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments.
Updates
Measure A Funded Project Comes to Cupertino
April 19, 2018
Ground was broken in Cupertino on the first of what will be many Measure A funded projects. Housing Trust provided a $3 million loan for our partners at Charities Housing; which is building affordable homes for seniors in a lot close to a VTA stop and within walking distance to groceries and shopping.
Press Releases, Updates
Housing Trust’s TECH Fund Celebrates First Year Milestones
April 4, 2018
Housing Trust Silicon Valley, a nonprofit community loan fund based in San Jose, is announcing the one-year mark for TECH Fund, its investment vehicle for affordable housing.
Updates
TECH Fund Money Moves Fast in Mountain View
January 26, 2018
It was only last month Housing Trust announced LinkedIn’s $10 million investment in affordable housing in Mountain View using TECH Fund – joining original backers Cisco Foundation, Sobrato Family Foundation and the David and Lucile Packard Foundation.