Marina, CA (August 17, 2017) The Monterey Bay Housing Trust, a collaborative effort of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley, announced today it has exceeded its initial goal of raising $10 million.
Newly Funded
Monterey Bay Housing Trust Loan Jump Starts Permanent Supportive Housing in Santa Cruz
August 11, 2017
The Monterey Bay Housing Trust, a joint program of the Monterey Bay Economic Partnership and Housing Trust Silicon Valley, is providing a $200,000 loan to New Ways Homes for 180/2020 Permanent Supportive Housing to jump start the construction of new supportive housing for homeless individuals in Santa Cruz County. The new development will create as…
Newly Funded, Press Releases, Updates
Monterey Bay Housing Trust Funds First Affordable Housing Loan to CHISPA
June 20, 2017
Marina, CA (June 20, 2017) The Monterey Bay Housing Trust (MBHT), a joint program of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley, announced today its first loan — $500,000 to Community Housing Improvement Systems & Planning Association, Inc. (CHISPA) to assist in the development of the Castroville Oaks Affordable Housing Community.
Press Releases, Updates
Housing Trust and Monterey Bay Economic Partnership Make First Loan in Monterey Bay Region
June 20, 2017
Marina, CA (June 20, 2017) The Monterey Bay Housing Trust (MBHT), a joint program of the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley, announced today its first loan — $500,000 to Community Housing Improvement Systems & Planning Association, Inc. (CHISPA) to assist in the development of the Castroville Oaks Affordable Housing Community….
Press Releases, Updates
Sobrato follows Cisco with $5 million investment in Bay Area affordable housing
May 26, 2017
The Sobrato Family Foundation announced a $5 million investment in the TECH Fund campaign, supporting the creation of 10,000 affordable homes over the next 10 years throughout the Bay Area. Foundation funds will be focused on San Mateo, Santa Clara and Southern Alameda counties
Newly Funded
$4.3 Million Loan for Quetzal Gardens
April 28, 2017
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…