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.
Just Funded
$1.4 Million Loan to First Community Housing Preserves Affordable Homes in San Jose
January 25, 2019
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
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.