TECH Fund – which got a boost recently from Sunnyvale-based NetApp investing $10M in the campaign – contributed to the second-largest loan in Housing Trust’s history by providing a $13.75 million acquisition loan to Eden Housing.
Newly Funded
TECH Fund Goes to Work With Loan for 130 Home Transit-Oriented Project in Downtown San Jose
April 12, 2019
Press Releases, Updates
NetApp Invests $10 Million in Housing Trust’s TECH Fund
March 29, 2019
Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) focused on affordable housing in the greater Bay Area, is announcing a significant new investment in its TECH Fund, which was created to enable philanthropists and Bay Area employers to be a part of the affordable housing solution.
Updates
Don’t Miss an Exciting TECH Fund Announcement at Investor Briefing!
March 25, 2019
Investor Briefing is this Friday and we’re thrilled to use the stage at the Santa Clara Convention Center to make a special announcement: a new corporate partner has stepped forward to invest in TECH Fund – Housing Trust’s affordable housing investment vehicle.
Updates
Housing Champion Awardee: Katie Ferrick of LinkedIn!
March 13, 2019
Housing Trust is excited to announce the recipient of this year’s Housing Champion Award – Katie Ferrick, the Senior Director of Community Affairs, Sustainability and Workplace Programs at LinkedIn.
Success Stories, Updates
TECH Fund Takes Stage With Leigh Avenue, Microsoft News
February 28, 2019
February 1st brought happy news to Housing Trust, First Community Housing and other partners who had a stake in a San Jose senior apartment complex that had been in the works for years.
Newly Funded
TECH Fund at Work: $4.3 Million for 128 Affordable Homes in RCD’s Fremont Project
January 25, 2019
The collaboration among Pure Storage, LinkedIn and Cisco which invested $20 million in Housing Trust Silicon Valley’s TECH Fund in November is being put to work quickly as a $4.3 million acquisition and predevelopment loan was made to Resources for Community Development for Fremont Islander: a 128 home affordable housing development spread across one parcel improved with a…
Press Releases, Updates
Cisco, LinkedIn and Pure Storage Collaborate to Commit $20 Million to TECH Fund to Help Build Affordable Housing
November 27, 2018
In the first ever collaborative effort, new TECH Fund investor Pure Storage and early investors LinkedIn and Cisco are together bringing $20 million to help build affordable homes in the greater Bay Area.
Newly Funded
TECH Fund Helps Preserve Affordable Homes in Santa Rosa
September 18, 2018
Eden Housing’s Quail Run in Santa Rosa, an existing 200 home apartment complex, is drawing from TECH Fund to purchase limited partner rights prior to re-syndication and complete some immediate repairs on the development. All homes at the site are restricted at 60% AMI levels. The loan marks the first time TECH Fund has been…
Newly Funded, Updates
Our Biggest Loan Ever
August 25, 2018
In late July, Housing Trust closed its biggest loan: $15.85 million to First Community Housing for a 300+ home development called McEvoy Apartments! This is notable both because of the size of the loan as well as the forward-thinking concept and location: at the corner of McEvoy and San Carlos St, the proposed apartments will…
Newly Funded, Press Releases, Updates
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Homes Near Diridon Station
August 8, 2018
A $15.85 million acquisition and pre-development loan – the largest loan made by Housing Trust in the organization’s history – was made to First Community Housing for McEvoy Apartments.