Today we are happy to report continued strides in our lending thanks to funding from a host of wonderful supporters – including our TECH Fund investors, Supportive Housing Fund partner County of Santa Clara, all of our banking and philanthropic partners, and the County of Santa Clara’s Measure A. Our Multifamily Lending Team has…
Newly Funded, Updates
More Multifamily Lending – and More to ComeApril 24, 2020
Supportive Housing Fund Deployed for Markham Plaza Bridge LoanApril 9, 2020
Housing Trust has provided a $995,000 bridge loan for Markham Plaza II, Phase 2 of Markham Plaza Project, a 153 home Core Companies development in San Jose. This is following an earlier $1.3 million loan to the Phase I development. Both loans are allowing the Sponsor time to restructure the debt and rehabilitate the project…
Google’s TECH Fund Investment and Supportive Housing Fund Help PATH Acquire 4th & Younger for 93 Affordable HomesAugust 28, 2019
A portion of Google’s TECH Fund Investment, announced just one month ago, has already been put to work toward a one-acre parcel of land in Hyde Park in San Jose.
87 Home Project by Affirmed Housing Comes to San JoseNovember 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.
Newly Funded, Updates
Housing Trust uses Supportive Housing Fund to Loan Abode Services $10.3 Million for Affordable Housing in Santa ClaraAugust 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, to loan $10 million to Abode Services to acquire 2904 Corvin Drive in Santa Clara for 144 homes – all of which would be affordable and…
Palo Alto Housing Purchases Mountain View SiteDecember 5, 2017
$8.1 million was loaned to Palo Alto Housing to purchase a site at 950 W. El Camino Real in Mountain View. PAH intends to demolish the existing, underutilized structure to develop and operate a 70 unit 100% affordable housing complex.
San Jose Urban Village Kickstarted by Housing Trust LoanSeptember 13, 2017
Transition is the key word to describe both the Roosevelt Park Apartments and the downtown San Jose neighborhood where the project will be built with the help of a $4.85 million acquisition/predevelopment loan from Housing Trust Silicon Valley.
Santa Clara County allocates additional $11.9 million in Housing Trust Silicon Valley’s Supportive Housing FundApril 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.
Villas on the Park Coming to Downtown San JoseDecember 15, 2016
Housing Trust is providing a $1 million pre-development loan for Villas on the Park, an 83-apartment complex on Second Street in downtown San Jose. The plan includes 78 apartments for permanent supportive housing and five apartments for interim housing for up to 20 residents — all for individuals who have incomes below 35% of area…