NEWSLETTER
HOUSING OUR NEIGHBORS
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Season's Greetings!
We have been in the holiday spirit all month long here at Housing Trust! During this festive season, we would like to take a moment to thank you for being part of our affordable housing community. May your holidays be filled with joy, warmth, and connection. Cheers!
In this last newsletter of 2023, we are sharing another A Home for the Holidays spotlight, Just Funded projects, and more.
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Lana and Vincent have A Home for the Holidays with help from our Empower Homebuyers SCC down payment assistance program.
Read their inspiring story in our Annual Report and learn how the Empower program can assist renters who live or work in Santa Clara County with purchasing their first home.
We are excited to share more real life stories about the real people we've helped. Look for our #AHomefortheHolidays social media posts on LinkedIn and Facebook.
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Just Funded
PACIFIC STATION NORTH
SANTA CRUZ, CA
Developer: For the Future Housing, Inc.
Housing Trust Loan: $769,218
Proposed Units: 128
Population Served: Families
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Located in downtown Santa Cruz directly adjacent to new downtown Santa Cruz Pacific Station Metro Station, Pacific Station North will have 128 affordable family rentals, including 32 permanent supportive housing units. Project amenities include a computer lab and access to adult/continuing education on site.
Housing Trust provided a predevelopment loan of $769,218 to For the Future Housing, Inc. through our Monterey Bay Housing Trust Fund and our TECH Fund.
The Monterey Bay Housing Trust is a collaboration between Housing Trust and the Monterey Bay Economic Partnership (MBEP) that finances affordable housing throughout Monterey, Santa Cruz, and San Benito counties. The TECH Fund was created to give large employers and philanthropic organizations a way to make a tangible impact on affordable housing and provide developers with flexible financing to compete to acquire sites on the open market and provide much needed predevelopment funds.
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Just Funded
ROYAL COURT
MORGAN HILL, CA
Developer: Eden Housing
Housing Trust Loan: $3 million
Proposed Units: 55
Population Served: Families
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Located in Morgan Hill near public transportation, this project will rehabilitate an existing affordable housing development consisting of 55 units serving families earning a maximum of 60% of the Area Median Income (AMI). Six permanent supportive housing units are also included. Sustainability features include water-efficient design and appliances, water-efficient landscaping, and bike parking. Project amenities include on-site child-care services, as well as activities and services for senior citizens.
Housing Trust provided a permanent loan of $3 million to Eden Housing for this project.
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Just Funded
PULLMAN LOFTS PHASE III
SANTA ROSA, CA
Developer: Phoenix Development
Housing Trust Loan: $2.39 million
Proposed Units: 87
Population Served: Workforce housing
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Located in Santa Rosa, this workforce housing project will serve the “Missing Middle,” with half of the units serving individuals earning up to 80% AMI. The other half of the units will be offered at market rates. Sustainability features include in-unit energy efficient appliances, water-efficient design and appliances, water-efficient landscaping, and bike parking. Project amenities include an on-site computer lab.
Housing Trust provided an acquisition and predevelopment loan of $2.39 million to Phoenix Development for this project through our Sonoma County Housing Fund and our TECH Fund.
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Housing Trust can be your thought partner on your next affordable housing project, we work with mission-aligned developers to move their projects from concept to creation. Let's talk!
For more information on lending programs for developers, contact: Fathia Macauley, Stephaney Kipple, or Michael Bannen.
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UPCOMING DOWN-PAYMENT ASSISTANCE WEBINARS
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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. | |
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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
Director of Multifamily Lending
Interim Director of Homebuyer Assistance Programs
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Decent, affordable housing reduces stress, toxins, and infectious disease, which leads to improvement in both physical and mental health.
These are some the many reasons why safe, stable, decent, affordable housing is important for every person in our community! And this is why we do the work that we do to create and preserve more affordable housing for our neighbors. Learn more about the importance of affordable housing.
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ICYMI: It's been an amazing year and we are excited to show you what we’ve accomplished together! | |
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Our collective efforts this past year have helped us to cumulatively invest $555 million in affordable housing, resulting in the creation of more than 26,000 housing opportunities, helping more than 49,000 of our neighbors.
Meeting the neighbors whose lives have changed as a result of this important work is one of the highlights. They are real people, with real life stories that we will always remember.
READ OUR 2023 ANNUAL REPORT
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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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