Date: July 26, 2023

NEWSLETTER
HOUSING OUR NEIGHBORS

Together with our partners we continue our mission of creating affordable housing solutions.


Read the latest Apple and Google housing updates.

Apple partnerships help more than 40,000 Californians access affordable housing and resources

Google Housing Commitment:

A goal to catalyze 20,000 homes in the Bay Area

$1 billion to help make it happen

A new partnership will create more housing opportunities for our neighbors in the greater Bay Area. In this edition of our newsletter we are excited to welcome the Jewish Community Federation and Endowment Fund (JCF) to our amazing group of impact investors. We also have an update about Villas on 4th Street and an inspiring story about recent Empower Homebuyers who made their American dream come true.


Stay cool and enjoy the rest of your Summer!

 
 

We Closed a New TECH Fund Note!

We are thrilled to announce that Housing Trust closed a new TECH Fund note of $1 M with The Jewish Community Federation and Endowment Fund (JCF)! This is their first such investment and we are excited to continue this partnership. 

 

JCF pitched this investment to their Donor Advised Fund owners. This is only the second time we have gained investments from such donors and the largest investment from such donors to date. 

 

Thank you to JCF for their commitment to the true nature of impact investing! Our notes are paying a low monetary return compared to the market, and offer high social return by creating safe, stable, affordable homes for our neighbors. JCF has extensive experience in impact investing and we’re delighted to be added to their portfolio of investments. 


Housing Trust uses funds raised through the TECH Fund to provide start-up capital for affordable housing. Through the Community Impact Note, TECH Fund investors receive a modest return on their investment in addition to the original investment being repaid – all while creating affordable housing opportunities. Everybody wins.

 
 

That's a Wrap on the Apple Affordable Housing Fund RFI!


We had a total of 19 RFI submissions for this year's Apple Affordable Housing Fund RFI. Project selection will proceed during the month of August to determine which projects will move forward to underwriting. Stay tuned for future announcements!


Visit our Apple Affordable Housing Fund RFI website for more information: https://housingtrustsv.org/programs/developer-funding/applefund.

 
 

DEVELOPERS: Need a thought partner on your next affordable housing project?


We help mission aligned developers catalyze new development. Contact us!


For more information on lending programs for developers, contact: Fathia Macauley, Stephaney Kipple, or Michael Bannen.

Chief Lending Officer
Senior Loan Officer
Loan Officer II, Multifamily
 


NEIGHBORLY

STORIES

AN INSIDE LOOK AT PERMANENT SUPPORTIVE HOUSING


We are excited to share this ABC7 News Bay Area video featuring PATH Villas at 4th Street and the volunteers preparing for new residents who will soon move in.


Located in San Jose, PATH Villas at 4th Street is a new, 94-unit affordable, permanent supportive housing community for neighbors 55 and older.


Watch the video here.

 

EMPOWERED
BY HOME

Lana and Vincent Fulfill Their American Dream


When Lana came to the United States from Vietnam four years ago, everything felt new. She had left her beloved homeland and a good job in global shipping to build a life with her husband Vincent, who had immigrated to the U.S. from Vietnam with his family as a teen. Vincent and Lana are now first-time homebuyers who have fulfilled their American dream through our Empower Homebuyers SCC down-payment assistance program. 


“If you have the opportunity, you need to reach for it,” says Lana. “When I first submitted the application, I didn’t think we could be approved. I thought, ‘There are a lot of first-time homebuyers and maybe there are too many.’ When we began to go through the process step by step, I began to believe we could.”

 

READ MORE

 
 

UPCOMING DOWN-PAYMENT ASSISTANCE WEBINARS

First-time Homebuyer Info Session


Wednesday, August 16, 12:00 - 1:00 pm

CLICK HERE TO REGISTER




Lender Training Webinar


Thursday, August 17, 11:00 am - 12:30 pm

CLICK HERE TO REGISTER


Learn More About Empower
 


JOIN OUR

TEAM!

We’re growing by leaps and bounds! Housing Trust is looking for exceptional people who believe that safe, stable affordable housing opens the door to better living for everyone. 


We believe that our employees are our greatest assets, and our goal is to create a rewarding workplace where they can contribute in meaningful ways and are given a path for advancement and success.


READ MORE about our competitive benefits package.



Current Job Openings


Senior Asset Manager


Multifamily Lending Manager

 

HOUSING TRUST RECENTLY IN THE NEWS 

Emeryville’s ‘Patron Saint’

Honored at Affordable Housing Groundbreaking Event


To see all of our media coverage, visit our website.
 
 
 

EMPLOYEE

SPOTLIGHT

Jesus Magaña brings a deep understanding of the power and impact of affordable housing to his work at Housing Trust. As Finance Manager, he holds seven years of experience in budgeting, forecasting, data analysis, and strategic planning.


“As a product of affordable housing, I’m grateful for the work of affordable housing developers and CDFIs like Housing Trust,” says Jesus. “I’m thankful to be a part of it now in my career.”

 

Jesus spent his childhood in Mexico, growing up on a ranch from the ages of 2 to 8 with his mom, dad, and two sisters. “We decided to move back to the U.S. because my mom wanted us to have access to education,” says Jesus.

 

Their local school on the ranch only went up to the 5th grade. When his eldest sister graduated, her only option to continue her education would be to bus to the next town, which was very far and expensive. His family saved and sold their belongings to prepare to fly back to the States.


They first arrived in Los Angeles and lived with their aunt for a few months. His sisters were able to begin school right away. However, the local schools didn’t have space for Jesus to enroll. “My mom said this wasn’t going to work. ‘My son needs to go to school.’ So we contacted my Dad’s side of the family and moved to East Palo Alto.”


READ MORE

Left photo: Jesus Magaña as a child with his family in Mexico. Right photo: Jesus with his sisters in California as proud college graduates.

 

FUN
FACT!

Did you know that access to affordable housing is the key to reducing intergenerational poverty and increases economic mobility in the United States?

In fact, "...children living in stable, affordable homes are more likely to thrive in school and have greater opportunities to learn inside and outside the classroom."


Learn more from the National Low Income Housing Coalition.

 
 
MORE ON SOCIAL MEDIA

We are excited to share more stories about these developments on social media – from groundbreakings to grand openings, site tours, resident move-ins, and community 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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