Tag Archives | HEART funding

HEART makes $3.5M loan for land acquisition in North Fair Oaks neighborhood of Redwood City

HEART makes $3.5M loan for land acquisition in North Fair Oaks neighborhood of  Redwood City. This is HEART’s largest loan to date, and the first partnership with Palo Alto Housing for 67 units of housing for low and very-low income families and homeless and at-risk veterans.

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A solid foundation for 100 seniors in Pacifica

HEART made a $500K loan to Ocean View Senior Apartments in Pacifica in 2008 for a new roof. BRIDGE Housing bought the property from National Church Residences in 2016 and HEART restructured the loan to enable needed renovations. Read more, and to apply for housing: http://www.bridgehousing.com/properties/oceanview

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HEART Annual Fundraising Event

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HEART provides funding for very low income housing at Bay Meadows

HEART has provided a $500,000 loan for Bay Meadows Affordable Housing, a 68-unit apartment complex on South Delaware Street in San Mateo. To apply for housing please contact: http://www.bridgehousing.com/ or call Tel: 415.989.1111

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NEW! Higher loan limits up to $781,875 for first time homebuyer program

HEART and Meriwest Mortgage can help you buy your first home in San Mateo County with a loan package up to $781,875 with only 5% down and no PMI (Private Mortgage Insurance) Find out more and download a workshop presentation….

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Thanks to our 54 sponsors, HEART raises $136K to support teacher housing

Thanks to our 54 amazing sponsors and 320 guests, HEART raised $136,000 to offer technical assistance and pre-development loans to help school districts develop rental housing on school property. Click to see more photos….

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Facebook donates $100K to first time homebuyer program

HEART and Meriwest Mortgage offer loans for new homeowners in San Mateo County for homes costing up to $781,875. Facebook donation will leverage $1.1M in new home loans…….

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HEART makes $700K loan to Core Housing for pre-development of 60 homes for veterans at the VA in Menlo Park

Grand opening in March, 2016. HEART made a $700,000 loan to Core Affordable Housing for the development of 60 units of affordable apartments for very-low and extremely low-income families, including at-risk and homeless veterans and their families on the Menlo Park VA site.

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The Power of Partnerships: 41 homes for seniors in East Palo Alto

HEART made loans for land acquisition to EPA CAN DO in East Palo Alto. MidPen Housing has partnered with MidPen for 41 units of affordable senior housing on University Avenue, and repaid the HEART loans, thus allowing the funds to be reinvested in the community.

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HEART restructures loan to Ocean View housing in Pacifica, preserves affordability for 100 senior residents

In October 2015 National Church Residences completed the sale of Ocean View senior housing in Pacifica to BRIDGE Housing. HEART restructured a $500k loan to preserve affordability. Read more…..

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