Affordable Housing Fund

Places for People to Live

Community Need
High housing costs continue to challenge working Silicon Valley families, and nonprofit housing developers need access to flexible capital to meet early stage affordable housing project goals.

Our Philanthropic Response
To create a revolving loan fund as a program-related investment to support pre-qualified nonprofit housing developers in creating and/or preserving existing affordable multi-family rental property, homeless and transitional housing, and below-market rate single-family/homeownership developments in the Greater Silicon Valley area. Specifically, we offer access to three interest-free debt products:

Real-estate secured loans for land/property acquisition
Real-estate secured loans for construction gap financing
Unsecured loans to fund pre-development expenses