San Francisco Foundation is proud to support Housing Trust Silicon Valley’s Building Impact Initiative, a landmark $200 million campaign designed to accelerate the creation and preservation of affordable homes across the Bay Area. This effort reflects the bold, collaborative action our communities need and partners making it possible.
SFF is providing Housing Trust with a low-interest, long-term $2 million loan that they can loan out to support their mission. As those loans are repaid, Housing Trust can loan those funds out again, magnifying the impact.
The Bay Area’s housing crisis demands solutions that match its scale. The Building Impact Initiative aims to deliver 7,400 affordable homes and generate $5.7 million in annual rent savings for low-income households. By prioritizing housing near jobs and transit, the fund will also reduce transportation costs and lower carbon emissions – creating healthier and more sustainable communities.
This initiative brings together an impressive coalition of corporate leaders like Apple, U.S. Bank, and PNC, philanthropic partners including the Packard Foundation and The Grove Foundation, and community foundations such as Silicon Valley Community Foundation, and Community Foundation Santa Cruz County.
“The Building Impact Initiative represents both innovation and affirmation of what’s possible when partners from across sectors come together around a shared mission,” said Noni Ramos, CEO of Housing Trust Silicon Valley. “This fund gives us the flexibility to meet the challenges of today while building the affordable housing systems our region will need tomorrow – focusing on what’s possible, even in a moment when many are retreating, our partners are boldly stepping forward.”
As Jes Montesinos, SFF’s Senior Director of Place Pathway, shared:
“Housing is essential to building a Bay Area where everybody can thrive. We’re proud to support Housing Trust Silicon Valley’s Building Impact Initiative. This powerful collaboration expands creative and flexible funding options to help residents stay rooted in their communities.”
Read more about Housing Trust Silicon Valley and the Building Impact Initiative.
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