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. Funds for the loan originated from Housing Trust’s TECH Fund initiative as well as the Affordable Housing Growth Fund which is made up of Bridge Bank, East West…
Newly Funded
With Housing Trust’s Biggest Loan to Date, First Community Housing Aims for 300+ Affordable Homes Near Diridon Station
August 2, 2018
Press Releases, Updates
Housing Trust’s TECH Fund Celebrates First Year Milestones
April 4, 2018
Housing Trust Silicon Valley, a nonprofit community loan fund based in San Jose, is announcing the one-year mark for TECH Fund, its investment vehicle for affordable housing.
Updates
TECH Fund Money Moves Fast in Mountain View
January 26, 2018
It was only last month Housing Trust announced LinkedIn’s $10 million investment in affordable housing in Mountain View using TECH Fund – joining original backers Cisco Foundation, Sobrato Family Foundation and the David and Lucile Packard Foundation.
Press Releases, Updates
More affordable housing coming to Mountain View thanks to TECH Fund
January 18, 2018
Housing Trust Silicon Valley, a nonprofit community loan fund based in San Jose, has announced LinkedIn’s $10 million investment in TECH Fund has already been used to assist in the construction of 163 affordable housing units in Mountain View. LinkedIn’s investment is part of a $8.1 million loan to Palo Alto Housing (www.pah.community) to purchase a…
Newly Funded, Updates
Eden Housing Brings More Affordable Housing Opportunities to Mountain View
January 11, 2018
A $9.7 million acquisition loan was made to Eden Housing for a project on 1100 La Avenida Avenue in Mountain View, with the goal of creating a 100% affordable housing development consisting of 93 apartments – all of which are intended for residents who make 60% or below area median income.
Press Releases, Updates
LinkedIn Invests $10 million in TECH Fund
December 22, 2017
LinkedIn, the world’s largest professional network based in Silicon Valley, has invested $10 million in TECH Fund, an initiative of Housing Trust Silicon Valley to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
Success Stories
LinkedIn Commits to Affordable Housing in Mountain View W/ $10M Investment in TECH Fund
December 5, 2017
LinkedIn, the world’s largest professional network based in Silicon Valley, has invested $10 million in TECH Fund, an initiative of Housing Trust Silicon Valley to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
Newly Funded
Palo Alto Housing Purchases Mountain View Site
December 5, 2017
$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
San Jose Urban Village Kickstarted by Housing Trust Loan
September 13, 2017
Transition is the key word to describe both the Roosevelt Park Apartments and the downtown San Jose neighborhood where the project will be built with the help of a $4.85 million acquisition/predevelopment loan from Housing Trust Silicon Valley.
Press Releases, Success Stories
Housing Trust Silicon Valley TECH Fund Campaign Reaches $20 Million Milestone
August 22, 2017
Housing Trust Silicon Valley achieved a significant milestone in its goal to help build or preserve 10,000 affordable homes in the coming decade as its TECH Fund campaign reached $20 million in commitments.