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
TECH Fund Helps Housing Trust Close 2nd Loan in Redwood City
April 9, 2020
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…
Newly Funded
Resources for Community Development, TECH Fund Help Bring Affordable Housing Honoring Maudelle Shirek to Berkeley
December 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…
Newly Funded
Google’s TECH Fund Investments Head to Work
October 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 Homes
October 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 Fund
August 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.
Newly Funded
Google’s TECH Fund Investment and Supportive Housing Fund Help PATH Acquire 4th & Younger for 93 Affordable Homes
August 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.
Press Releases
Google Invests $50 Million in Housing Trust’s TECH Fund
July 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…
Updates
TECH Fund at Work: FCH Receives $6.7M Loan for Sunnyvale Homes
June 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…
Updates
Investor Briefing 2019: Great Event, Greater Speakers
April 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.