Housing Trust made a $6.4 million loan to Affirmed Housing Group to acquire a site in Redwood City – drawing from our TECH Fund, which has helped finance over 3,000 homes since its creation in 2017. This Affirmed Housing project will add 90 homes to the 55 Housing Trust previously funded by preservation of affordable…
Resources for Community Development, TECH Fund Help Bring Affordable Housing Honoring Maudelle Shirek to BerkeleyDecember 18, 2019
Housing Trust has made a $6.1 million loan to Resources for Community Development to acquire a 0.6 acre site near the Ashby BART station in Berkeley, which will bring 87 affordable apartments – ranging in size from studios up to three bedrooms – and nonprofit commercial office space on the ground floor. The development will…
Google’s TECH Fund Investments Head to WorkOctober 30, 2019
TECH Fund is Housing Trust’s affordable housing investment vehicle created to both encourage greater Bay Area employers and philanthropic organizations to invest in affordable housing and enable developers to compete for land on the open market. As of today the investors in TECH Fund include Cisco, Google, Grove Foundation, LinkedIn, NetApp, the David and Lucile Packard…
Newly Funded, Success Stories
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable HomesOctober 17, 2019
TECH Fund Brings $4.74 Million Loan to Affirmed Housing for 88 Affordable Homes Housing Trust has made a $4.74 million loan to Affirmed Housing for 3090 South Bascom Avenue in San Jose to create 88 affordable homes – half of which will be permanent supportive housing, in line with Santa Clara County’s Measure A priorities….
Press Releases, Updates
Google Makes Big Investment in TECH FundAugust 29, 2019
Google, a longtime supporter and friend of Housing Trust Silicon Valley, is following through on its commitment to affordable housing by investing $50 million in our TECH Fund.
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.
Google Invests $50 Million in Housing Trust’s TECH FundJuly 24, 2019
Today, Google is making a $50 million investment in Housing Trust Silicon Valley’s TECH Fund. Google’s investment is the largest investment in the fund to date. Housing Trust Silicon Valley launched the TECH (Tech + Equity + Community + Housing) Fund in March 2017 to provide affordable housing developers the flexible financing needed to compete…
TECH Fund at Work: FCH Receives $6.7M Loan for Sunnyvale HomesJune 27, 2019
First Community Housing, which was just recognized as an Outstanding Developer by the U.S. Green Building Council for its ongoing efforts to create buildings with sustainability in mind, received a $6.7 million loan to revamp and expand a property in Sunnyvale – which is also the home of the recently opened MidPen development Edwina Benner Plaza. Near transportation…
Investor Briefing 2019: Great Event, Greater SpeakersApril 27, 2019
We cannot thank you enough for making Investor Briefing 2019 our most successful one yet. Because you helped us spread the word on social media, signed up to attend or both, we had a record number of sponsors – including champion sponsors Google and Silicon Valley Bank – and over 600 people at the event.
NetApp Joins TECH Fund Campaign with $10M Investment – And Quickly Helps 130 Home ProjectApril 27, 2019
The sun hadn’t even risen on March 29th – the day of Housing Trust Silicon Valley’s Investor Briefing – when news of NetApp making a $10 million investment in TECH Fund hit the airwaves.