NEWSLETTER
HOUSING OUR NEIGHBORS
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$590+ Million Invested In the Greater Bay Area Region
As we honor Black History Month, at Housing Trust we recognize that it has been historically difficult for developers who are Black or Brown to access capital. We are committed to changing this. As a Community Development Financial Institution (CDFI), we know that supporting developers from diverse backgrounds is transformative work—and will have a ripple effect on the communities that they serve. Please see the Just Funded section to read about one such developer, Black Cultural Zone Community Development Corporation (BCZ). They are the co-developer of Residences at Liberation Park.
We are excited to share our latest impact numbers! Since Housing Trust first began in 2000, we cumulatively invested $590 million in affordable housing, resulting in the creation of more than 26,000 affordable housing opportunities, helping 50,000+ neighbors. Also, we leveraged more than $7.8 billion across the 14-county greater Bay Area region, including Sacramento.
On top of that, we recently funded two new projects, one in Santa Rosa and one in Oakland AND celebrated groundbreakings in Mountain View and Elk Grove, as well as a grand opening in San Rafael. When we say that we and our partners help our underserved community in the greater Bay Area and beyond, we really mean it!
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In this issue, we're highlighting two of our board members, Ahmad Thomas and Jonathan Fearn. | |
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A BIG THANK YOU to board member Jonathan Fearn, Head of Development at Oak Impact Group, who recently spoke to our HT staff for a DEI Fireside Chat!
Part of our DEI initiative and commitment to being inclusive, our Fireside Chats are small get togethers between staff and board members that allow us space to dialogue and get to know more about our board member's background, including why they chose to dedicate themselves to affordable housing.
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RESIDENCES AT LIBERATION PARK
OAKLAND, CA
Co-Developers: Black Cultural Zone Community Development Corporation (BCZ) and Eden Housing
Housing Trust Loan: $1.5 million
Proposed Units: 119
Population Served: Families
Located in the Eastmont neighborhood of Oakland near public transportation, Liberation Park is being developed as a joint venture between BCZ and Eden Housing. It will consist of 119 residences for families earning at or below 60% AMI. BCZ is a staunch advocate for the Black community in East Oakland and the project is embedded in the social-cultural fabric of the neighborhood.
Read more.
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200 & 290 B STREET
SANTA ROSA, CA
Developer: Phoenix Development
Housing Trust Loan: $7.225 million
Proposed Units: 64
Population Served: Workforce Housing
Located in downtown Santa Rosa, 200 and 290 B Street will consist of a 64 unit affordable housing mix, including 32 units for households earning up to 80% of the Area Median Income (AMI) and 32 units for households earning up to 140% AMI.
Housing Trust provided an acquisition loan of $7,225,000 to Phoenix Development through our Sonoma County Housing Fund (SCHF) and from our HT Lending Capital. SCHF is a joint partnership between Housing Trust and the Santa Rosa Metro Chamber that leverages each other’s strengths, expertise, and local relationships. We look forward to growing our partnership’s impact in the North Bay!
Read more.
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Thinking about your next affordable housing project - let’s talk!
Housing Trust works with mission-aligned developers to move their projects from concept to creation. Get in touch now to get started.
For more information on lending programs for developers, contact: Fathia Macauley, Stephaney Kipple, or Maryann Salt.
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Montecito Avenue Groundbreaking in Mountain View | |
The City of Mountain View is about to open the door to more affordable housing with a new project breaking ground at 1265 Montecito Avenue!
Housing Trust is thrilled to have provided early-stage financing for the project to our partner, Charities Housing.
Our collective impact will transform the lives of the individuals and families that will move into this future new 85 unit community. We will definitely be back for the grand opening to help welcome our new neighbors!
Read more.
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Vivalon Healthy Aging Campus Grand Opening in San Rafael | |
We were excited to join the festivities at the grand opening for the Vivalon Healthy Aging Campus in downtown San Rafael!
Our Housing Trust team were honored to meet some of the new neighbors and welcome them to their beautiful, new home.
Developed by our partner, Eden Housing, with early financing from Housing Trust, the new community includes 66 units of 100% affordable homes for seniors.
Read more.
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Pardes Phase 1 Groundbreaking in Elk Grove | |
Developed by our partner, CRP Affordable Housing & Community Development, with early financing from Housing Trust, the new 100% affordable 236-unit development in Elk Grove will target large families, individuals, and formerly unhoused community members.
We are proud to support this large community in Sacramento County and cannot wait to meet the new neighbors who we know will thrive in their new homes!
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Meet Kimberly! A former chef, she was overjoyed to find a furnished kitchen in her new apartment. Everyday, she enjoys the fresh air of the upper patio and is excited that her kids can now visit her.
“I am thankful for the things that most people take for granted: being able to lock my door, having a mailbox, and being able to cook in my own kitchen,” shared Kimberly. “It feels so good to have my own home.”
Read her story and the story of her fellow neighbors.
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Our First Happy Hour Was a Success! | |
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It was a happy hour indeed at our first Happy Hour at Agave in Oakland in January!
Lots of great conversations and connections happened and we are already looking forward to our next regional event with our developer friends and partners.
See more photos and read more.
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The city of Mountain View was recently recognized as a Prohousing community.
On January 31, Governor Gavin Newsom announced seven more Prohousing cities, bringing the total to 37 so far. In the greater Bay Area, the new cities recognized include Mountain View, Petaluma, and Healdsburg. Cities earned the Prohousing designation because they demonstrated that they cut red tape and speed up housing approvals. The Prohousing designation rewards communities that are willing to reduce barriers to construction, lower costs, and create overall housing policies aligned with state goals. Learn more.
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UPCOMING DOWN-PAYMENT ASSISTANCE WEBINARS
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HOUSING TRUST RECENTLY IN THE NEWS | | |
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MORE ON SOCIAL MEDIA
We are excited to share more stories about our work on social media – from groundbreakings and grand openings, media mentions, site tours, resident move-ins, and celebrations. Find and follow us, and like/share our posts with your network.
Thank you for your support and dedication to affordable housing!
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