Our team serves Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo and Sonoma counties in Northern California. These counties comprise our Community Reinvestment Act (CRA) assessment area. Since 2002, Silicon Valley Bank has committed over $100 million across multiple funds in CRA Qualified Investments and closed more than $700 million in loans in over 4,200 affordable housing units. In 2014 alone, SVB funded $28 million in new construction loans.
Silicon Valley Bank is committed to providing flexible financial solutions for both for-profit and not-for-profit organizations dedicated to community development. We understand your projects, and we know how to make them happen. As a consistent, dependable source of financing, we have decades of experience structuring financing to meet the complex capital and regulatory requirements for community development projects.
Silicon Valley Bank is recognized as a leading lender in the U.S. and is honored to be participating in property renovations recognized by state and national organizations for housing, architectural and historical awards.
Satellite Affordable Homes Association (SAHA)
Valley Oaks Homes is a newly constructed 43-unit multi-family affordable housing project in Sonoma, CA. SVB provided a construction loan of $9,000,000 for the project containing a number of sustainable design features.
Valley Oaks Homes won a number of prestigious awards:
BRIDGE Housing & CHP-SF
Rene Cazenave Apartments received the 10th Annual Reader's Choice Award from Affordable Housing MagazineBest Affordable Project – 60 du/acre or more
In addition, it won the Pacific Coast Builders' Merit Award – 60 du/acre or more; San Francisco Business Times – Deal of the Year; and MultiFamily Executive's – Grand Winner in the Affordable Category.
AIA/HUD Secretary Award in the category of Community – Informed Design This award honors the Kelly Cullen Community project for incorporating housing within other community amenities for the purpose of either revitalization or planned growth.
SVB Financial Group Named America’s #4 Best Banks by Forbes.com In “America’s Best and Worst Banks” in December 2014, Forbes.com listed SVB Financial Group as number 4 on the list of America’s Best Banks. This is the sixth year in a row that the bank has placed in the top 15 of the list of 100 best banks.
49th Top Bay Area Corporate Philanthropists SVB Financial Group made the Corporate Philanthropy’s list of top 75 philanthropists in the Bay Area in 2014, by giving over $433,000.
#1 Best Managed Banking Company by Forbes.com
In 2014, Silicon Valley Bank participated in the construction and renovation of the four properties below that were opened for occupation.
Project Scope: New construction of three buildings sponsored and developed by Petaluma Ecumenical Properties (PEP), located in a residential neighborhood of Petaluma, CA.
Lending a Hand: The 50 rental units were designed for an independent senior population earning up to 50% AMI for Sonoma County.
Helping Finance: SVB provided a $10 million construction loan along with other sources to finance this construction. The property had its grand opening in March 2014.
Project Scope: Acquisition and rehabilitation of a low-income seniors’ complex undertaken by Eden Housing, Inc., located in downtown Hayward, CA.
Lending a Hand: Renovation of the 50-unit complex designed for residents earning 30% to 60% AMI for Alameda County.
Helping Finance: SVB provided almost a $6 million construction loan along with other sources to finance this renovation project and was completed in October 2014.
Project Scope: This newly constructed apartment complex, sponsored jointly by BRIDGE Housing and Community Housing Partnership of San Francisco, is an 8-story building located in the Transbay District of San Francisco.
Lending a Hand: 120 rental units constructed for formerly homeless residents. Amenities provided include onsite medical and counseling services for the tenants.
Helping Finance: SVB participated in a 20% share construction loan of $28 million with Wells Fargo, along with other sources to complete this project for opening in April 2014.
Project Scope: New construction of a 10-story housing community built over St. Anthony Foundation’s new kitchen/dining hall/social service facility by Mercy Housing California, located in San Francisco’s Tenderloin District.
Lending a Hand: The 90 rental housing units occupy the 3rd through 10th floors of the complex designed for low-income seniors. The residential project provides an entertainment center and kitchen, and small community rooms with TVs, libraries, computers and exercise equipment.
Helping Finance: SVB has a 49% share of Citibank’s $22 million plus construction loan. The grand opening of this project was led by Mayor Ed Lee of San Francisco and other key dignitaries in April 2014.
The eleven properties listed below are under construction and are expected to open in 2015 and 2016.
Project Scope: New construction of 99 family units located at the corner of 4th and Channel Streets, next to the 3rd Street Light Rail Line in San Francisco’s Mission Bay neighborhood. The project has a number of environmental features: use of environmentally friendly building materials (recycled content materials), recycled gray water/rain water irrigation system, no or low VOC products, and construction waste recycling. In addition to the standard amenities (i.e., laundry facilities, exercise room, and computer center), the project has a landscaped outdoor space with BBQ area, outdoor movie and community garden area.
Lending a Hand: 50 units are designated for formerly homeless residents with incomes at or below 30% AMI and subsidized by an LOSP operating grant from the City and County of San Francisco. In addition, 124 units are being provided for families with income levels at or below 50% AMI.
Helping Finance: SVB has participating 40%+ share of Bank of America’s $43.5 million construction loan. Other financing coming from other sources includes tax credit equity from NEF. Construction to be completed in early 2015.
Project Scope: First Community Housing (FCH) is the sponsor of the new construction of 27-unit sustainable affordable special needs rental project located on W. El Camino Real in Mountain View, CA, for developmentally disabled adults.
Lending a Hand: Onsite support services will be provided by Housing Choices Coalition, a non-profit organization that provides housing and resident coordination services. A number of building amenities will be provided to residents which includes laundry facilities, community room, and computer lab. Each resident will be provided an Eco Pass on the VTA.
Helping Finance: SVB is providing a $3 million plus construction loan, while other financing sources are coming from the City of Mountain View, County of Santa Clara and tax credit equity from NEF. The grand opening is scheduled for late 2015.
Project Scope: BRIDGE Housing is the sponsor of this new construction. A 68-unit project for low-income families located in Oakland, CA.
Lending a Hand: The four-story mid-rise Mediterranean-style building of one-, two-, and three-bedroom affordable family units will be built over two levels of podium parking and a ground floor retail space. Residents with incomes at 60% AMI for Alameda County will qualify.
Helping Finance: SVB will participate with a 15% share of a JP Morgan Chase-led construction loan. Other funding sources will come from the Oakland Housing Authority and tax credit equity from Wells Fargo. The property is expected to have its Grand Opening in the 3rd quarter of 2015.
Project Scope: Chinatown Community Development Corporation (CCDC) is sponsoring the construction of an 8-story, 75-unit project in downtown San Francisco.
Lending a Hand: The 75 units will service low-income families earning 30%-50% AMI for San Francisco County, while the balance of the units will provide for the homeless earning less than 20% AMI.
Helping Finance: SVB is providing a tax-exempt bond purchase for almost $24mm for this new construction which is expected for completion in March 2015.
Project Scope: Napa Valley Community Housing (NVCH) is sponsoring the new construction of a 40-unit project for low income families in Napa, CA.
Lending a Hand: Consisting of 5 three-story buildings with a community center, a child’s lot and 75 on-site parking spaces, all residential buildings will feature first floor flats under 2-story walk-ups and contain a mix of units of 7 one-bedroom, 20 two-bedroom and 14 three-bedroom units.
Helping Finance: SVB is providing a $9+mm tax-exempt construction loan through the purchase of private activity bonds. Other financing comes from the County and City of Napa and Merritt Community Capital.
Project Scope: Charities Housing is the first sponsor in the Bay Area to use modular construction to develop a 59 unit, 3-story mid-rise building for low-income singles and small households in Sunnyvale, CA.
Lending a Hand: Providing affordable rentals for households with incomes between 30% and 50% AMI in Santa Clara County, the project will also service 17 chronically homeless individuals.
Helping Finance: Along with SVB providing a construction loan over $11mm, financing will also come from the City of Sunnyvale; County of Santa Clara, the States MHSA and tax credit equity from NEF.
Project Scope: Tenderloin Neighborhood Development Corporation (TNDC) is sponsoring the construction of a new 98-unit project adjacent to the Rosa Parks Phase I public housing project in San Francisco.
Lending a Hand: The project will provide senior residents earning less than 50% AMI in San Francisco County with housing, an on-site common area, 2nd floor roof deck, courtyards and access to a senior center nearby.
Helping Finance: SVB is providing a tax-exempt construction loan in excess of $29mm. While at the same time, funding will also be provided by HUD Section 202, the City of San Francisco and tax credit equity from both NEF and Merritt Capital Community.
Project Scope: Rehabilitation and acquisition of this 80-unit project located in St. Helena, CA, is sponsored by EAH Housing.
Lending a Hand: These low-income apartments for families earning 50% or below the AMI for Napa County, is located among beautiful vineyards, near the Napa River and hills of the Napa Valley.
Helping Finance: SVB is providing an over $7mm tax-exempt construction loan to EAH Housing for the renovations, with an expected completion date of November 2015. Additional funding is coming from the Housing and Community Development Department and Merritt Community Capital.
Project Scope: Mercy Housing California is sponsoring the new construction of 70 units located in the South of Market/Transbay Area of San Francisco. Transbay 6 is located at the edge of San Francisco’s Financial District and is across the street from the new Transbay Terminal.
Lending a Hand: This 8-story building will contain both 55 one-bedroom and 15 two-bedroom units, along with a community room, laundry room and a grand floor commercial tenant space for low-income families at or below 50% AMI for San Francisco County.
Helping Finance: SVB is providing a $15mm tax-exempted construction loan, while additional funding is coming from the City of San Francisco and tax credit equity from NEF.
Project Scope: A new construction of a 22-unit senior housing project is being sponsored by Eden Housing, Inc. The apartments are adjacent to Eden’s Hayward Senior Housing Project 1, close to the Hayward BART Station.
Lending a Hand: These apartments are being made available for seniors with extremely low incomes at 30% AMI in Alameda County. Residents will have access to a community room, laundry facilities, a learning center and a large courtyard with outdoor seating, barbecues and a residents’ vegetable garden shared with Phase I residents.
Helping Finance: SVB is providing over $6mm in construction loan, along with funding from the City of Hayward and County of Alameda, HUD 202 and tax credit equity from NEF.
Project Scope: Sponsoring the new construction of this 60-unit project is jointly being done by CORE Builders and EAH Housing. The project is being built on the Veteran Administration’s Campus in Menlo Park, CA.
Lending a Hand: Formerly homeless veterans and/or those at-risk for homelessness will have housing in close proximity to healthcare, supportive services promoting wellness, vocational training, self-efficiency and self-determination.
Helping Finance: SVB is providing an over $20mm construction loan and tax credit equity investment, along with other financing coming from the City of Menlo Park, the County of Santa Mateo, the Veterans Administration and NEF.
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