Affordable housing projects make a huge difference in your communities. Choosing the right financial partner makes a difference to your success.
We are facing a critical need for affordable housing in communities across the country. Yet financing for development projects that stabilize neighborhoods and revitalize communities may not be as readily available as it has in the past.
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.
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 $68 million across 15 funds in CRA Qualified Investments and closed more than $460 million in loans in more than 3,000 affordable housing units. In 2011 alone, SVB funded more than $60 million in new construction loans.
Top 25 Affordable Housing Lenders of America by the Affordable Housing Finance Magazine in 2011 for the third year in a row.
SVB project Petaluma Avenue Homes, Affordable Housing Associates' project in Sebastopol, California, was winner of the Reader's Choice Award of Affordable Housing Magazine in 2010 and also won the Golden Nugget Award for excellence in design and architecture at the Pacific Coast Builders Conference in 2010.
Silicon Valley Bank's Foss Creek Apartments project, in Healdsburg, California, was awarded the 2011 Charles Edson Tax Credit Excellence Award by the Affordable Housing Tax Credit Coalition for Best Rural Housing Project in the Nation and the Reader's Choice Award of Affordable Housing Magazine in 2011 for Best Rural Project.
In addition, the following Silicon Valley Bank projects were either recipients or finalists for 2011 Affordable Housing Magazine awards:
Silicon Valley Bank received in 2010 from the Affordable Housing Program (AHP) eight grants, totaling $4,665,000 from the Federal Home Loan Bank of San Francisco.
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