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…
Press Releases
Santa Clara County allocates additional $11.9 million in Housing Trust Silicon Valley’s Supportive Housing Fund
April 13, 2017
The Santa Clara County Board of Supervisors has approved an additional $11.9 million allocation for the Housing Trust Silicon Valley’s Supportive Housing Fund to help affordable housing developers acquire land and pay predevelopment costs for new projects.
Newly Funded, Updates
Atherton Court Apartments – MidPen Housing
December 5, 2016 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
June 25, 2015
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…