Newly Funded

$4.3 Million Loan for Quetzal Gardens

Housing Trust made a $4.3 million acquisition loan to RCD for Quetzal Gardens in the Little Portugal area of East San Jose. Quetzal Gardens will be six stories and the first two floors of the development will consist of a lobby, retail space for community serving non-profits and a parking garage. All 70 apartments will…

Atherton Court Apartments in Redwood City

Newly Funded, Updates

Atherton Court Apartments – MidPen Housing

Atherton Court Apartments in Redwood City

Housing Trust Silicon Valley is providing a loan in the amount of $11.2m to MidPen Housing Corporation for acquisition of the 55-unit Atherton Court Apartments.  If it weren’t for MidPen’s purchase of Atherton Court, the apartments could have been sold to a market-rate developer, putting existing low-income tenants at risk of massive rent increases and displacement. As…

Newly Funded

Newly Funded: $1.1 Million for Embark Apartments

Housing Trust is providing a $1.1 million acquisition loan to Resources for Community Development (RCD) for Embark Apartments, a 60-unit development for households at or below 30-60% of area median income. The ground floor will have management offices and a large multipurpose community room next to a parking garage, with apartments above. Embark Apartments’ proximity…