Housing Trust Silicon Valley, a certified Community Development Financial Institution (CDFI) committed to advancing affordable housing solutions across the greater Bay Area, launched its Building Impact Initiative, a $200-million fund designed to accelerate affordable housing across the Bay Area.
Anchored by significant investment from Apple – Housing Trust’s 2025 Housing Champion – $17 million from U.S. Bank, and $12.5 million from PNC, Wells Fargo, and Mechanics Bank, the initiative unites leading corporate and financial institutions with a regional coalition of community foundations – including Silicon Valley Community Foundation, The San Francisco Foundation, and Community Foundation Santa Cruz County – alongside philanthropic partners such as the David and Lucile Packard Foundation, who provided $10 million, and The Grove Foundation.
With a goal of creating and preserving 7,400 affordable homes across the Bay Area, the Building Impact Initiative is projected to generate $5.7 million in annual rent savings for low-income households, while helping reduce reliance on cars by supporting housing near jobs and transit.
The post Housing Trust Silicon Valley Launches $200M Initiative appeared first on Connect CRE.
​Â
