520+ Affordable Homes to be Developed in the Greater Bay Area + More Amazing News Newly Funded Date: Friday, June 17, 2022 Half a billion dollars in loans closed! Housing Trust recently reached this organizational milestone. To date, we have loaned more than $500 million towards the development of affordable homes throughout the greater Bay Area. These investments have…
Newly Funded, Updates
Newly Funded! 520+ Affordable Homes to be Developed in the Greater Bay Area + More Amazing News
August 31, 2022
Press Releases
Google and Housing Trust Silicon Valley Announce Loan to Charities Housing for Affordable Units
March 2, 2022
$17.2M in Funding to Purchase Over 2 Acres of Land for 160 Units of Affordable Housing in Santa Clara Count San Jose, CA – March 2, 2022 – Housing Trust Silicon Valley, a nonprofit community loan fund, announced today a loan for the acquisition of 2.22 acres at 57 and 67 E. Evelyn Avenue, Mountain…
Success Stories
Eden Housing’s Auzerais Apartments – aided by TECH Fund – Celebrates Groundbreaking in San Jose
December 8, 2021
In Spring 2019, Housing Trust’s TECH Fund made what was then the second-largest loan in our history – $13.75 million to help Eden Housing buy a site on Auzerais Avenue that checked all the boxes for what strong and affordable housing should be. Today some of our team took part in the groundbreaking celebration to…
Success Stories
Leigh Avenue Becomes First TECH Fund-Backed Affordable Housing to Open its Doors
November 17, 2021
Today, First Community Housing’s Leigh Avenue, which brings 64 affordable homes to San Jose, had its grand opening on its peaceful outdoor patio – not far from the muddy spot where the February 1st, 2019 groundbreaking took place. Geoffrey Morgan, CEO of First Community Housing, began the event by introducing three residents of Leigh Avenue:…
Press Releases
Agrihood Breaks Ground in Santa Clara
September 15, 2021
On the morning of September 15th, 2021, we gathered with a lot of friends and partners for the groundbreaking of Agrihood; a development which will provide 361 new homes – including 181 below-market rate homes for seniors and senior veterans. Read the press release here and see the rendering of the Agrihood project. Agrihood was…
Success Stories, Updates
Breaking Ground with PATH in San Jose
August 23, 2021
This morning we got to see our friends from PATH and attend the groundbreaking celebration of Villas at Fourth Street in San Jose – a project that will bring 93 affordable homes for chronically homeless seniors age 55 and above. Two key collaborations brought us to today: Google, which first invested in our TECH Fund…
Success Stories
Meet Kent from Leigh Avenue
August 9, 2021
Leigh Avenue, a First Community Housing development in San Jose, has been welcoming residents over the last few months. Our role in the creation of these 63 homes for seniors began with predevelopment lending made possible through our TECH Fund, and continued with a bridge loan and a liquidity line during construction. Our Finally Home…
Newly Funded, Success Stories
Grove Foundation Makes New $500,000 Investment in TECH Fund
December 22, 2020
Our TECH Fund campaign celebrated a new investment from a longtime partner: The Grove Foundation, one of the earliest investors, made an additional $500,000 commitment in Housing Trust’s affordable housing investment vehicle. “This is a high impact, high leverage investment with a community partner we trust on an issue that is critical to address,” said…
Press Releases
Housing Trust and Google Announce Launch Initiative to Create New Affordable Homes
July 23, 2020
Google and Housing Trust Silicon Valley – a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area – are announcing the creation of Launch Initiative, an affordable housing fund aimed to accelerate the start-up and preservation of homes. Launch Initiative, announced a year after Google’s $50…
Newly Funded, Updates
More Multifamily Lending – and More to Come
April 24, 2020
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…