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.
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
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…..
New HEART film highlights the opening of 636 El Camino affordable family apartments in South San Francisco. Meet Julie and her family, who are profoundly grateful to all the people in the public/private partnership who helped.
August 6, 2012 – HEART announces $700K available to multi-family housing developers through two loan programs: QuickStart an existing short term loan fund and SemiPerm, a new program for medium-term loan options. Find out more..
Chris Dubon and Nikole Kosier have a new son and an affordable apartment at Trestle Glen family apartments, near Colma BART. Chris recently graduated from college, and longed to return to his home in South San Francisco.
HEART approved a $200K pre-development loan to Palo Alto Partners, a for-profit entity that represents one-half of the development team for the San Mateo Police Station site redevelopment at 2000 S. Delaware Street in San Mateo. Stay tuned for more details.
HEART welcomed fifty guests and supporters to a breakfast and tour of the newly-opened Peninsula Station affordable rental homes in San Mateo. Developed by MidPen Housing, and located next to the Caltrain station on El Camino Real, across from Hillsdale Mall, the 68-unit development is a perfect example of high-density, transit-oriented housing.
The California Department of Housing and Community Development (HCD) has awarded a $2 million matching grant to HEART as part of its competitive Local Housing Trust Fund Program funded by Proposition 1C, the housing bond measure approved by state voters in 2006. The funds, which should be available in 2012, provide $700,000 for affordable rental housing loans and $1.3 million for downpayment assistance loans to low and moderate-income families.
The Association of Bay Area Governments (ABAG) presented HEART with the 2009 Growing Smarter Together Award in the category of Public/Private Partnerships. Watch the video!
~Jennifer & Andrew
“With the money I saved through HEART, I have enough to fix up the house…”