- All
- Affordable Housing Jobs
- Alameda County Housing Bond
- Archive
- Brown Bag Workshops
- Campaigns
- Connecting The Issues
- Electoral Policy Reports
- Events+Training
- Featured Resident Story
- Get Involved
- Housing Advocacy Network
- Legislative Policy
- Legislative Policy Reports
- News
- Newsletters
- NPH in the News
- NPH JOBS
- NPH Publications
- Policy+Advocacy
- Press Releases
- Regional & Local Solutions
- Regional Policy Reports
- Reports
- Resident Stories
- Resources
- San Mateo County Campaign
- Santa Clara County Housing Bond
- State Policy
- Telling Our Stories
- Tools & Toolkits
- Uncategorized
- What We Do
- Working Groups
March 2, 2020
Housing Trust Silicon Valley – a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area – is launching the Apple Affordable Housing Fund, funded by a $150 million grant to Housing Trust with the goal of building more affordable housing in the greater Bay Area.
“The Apple Affordable Housing Fund is part of the comprehensive $2.5 billion commitment Apple made in November 2019 to help address the housing availability and affordability crisis in California. Housing Trust, which has a long history of successful public-private partnerships, will make loans to qualified developers to access these funds for projects that need unique and flexible capital to move into the construction phase. Developers are encouraged to submit a request for proposal on Housing Trust’s web site before the deadline of March 24, 2020.
“”Today’s announcement shows what our region can accomplish when we combine big investments, affordable housing industry expertise and opportunity, and the proven financial models led by Housing Trust Silicon Valley,” said Amie Fishman, Executive Director of Non-Profit Housing Association of Northern California. “This Fund will inspire innovative solutions from around the Bay Area, and we can’t wait to see the solutions our affordable housing industry proposes moving forward.
March 3, 2020
“Nearly four months to the day after Apple Inc. promised $2.5 billion to spur housing and address homelessness in the Bay Area, the first $150 million of that commitment is up for grabs by developers.
““This is exactly what we mean when we talk about creating bolder measures and greater equity in the region,” Kevin Zwick, CEO of Housing Trust Silicon Valley, said in a statement. “This grant creates opportunities to do what couldn’t be done otherwise, and we’re excited by the impact this fund will have.”
““This Fund will inspire innovative solutions from around the Bay Area, and we can’t wait to see the solutions our affordable housing industry proposes moving forward,” Amie Fishman, executive director of Non-Profit Housing Association of Northern California, said in a statement.
Read more via San Jose Spotlight…