More Multifamily Lending – and More to Come

Newly Funded, Updates

More Multifamily Lending – and More to Come

More Multifamily Lending – and More to Come

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

Supportive Housing Fund Deployed for Markham Plaza Bridge Loan

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…

Site at Chestnut Square

Newly Funded

Palo Alto Housing Purchases Mountain View Site

Site at Chestnut Square

$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.

Newly Funded

Villas on the Park Coming to Downtown San Jose

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…