Affordable Housing
Veterans - One year later in Willow housing
Featured affordable housing projects
2020
Berkeley Way and Hope Center
Location and Details: Berkeley, California
SVB’s Role:
Provided a $56.5 million construction loan and $7.1 million investment to finance the new construction.Maceo May Apartments
Location and Details: San Francisco, California
The project will provide 105 units for veterans who are homeless or formerly homeless and low-income veterans as part of the master planned redevelopment of Treasure Island.
SVB’s Role:
Provided a $43.7 million construction loan and a $15.6 million investment to finance the new construction.
2019
Park Avenue Senior Apartments
Location and details: San Jose, California
100 units for seniors with incomes between 30 percent and 60 percent of the area median.
SVB role:
Provided $12.8 million tax-exempt new construction loan to the Housing Authority of the County of Santa Clara (HACSC).
Second Street Studio Apartments
Location and Details: San Jose, California
134 energy efficient modular units for extremely low-income and developmentally disabled adults requiring in-home supportive services.
SVB’s Role:
Provided $27.4 million new construction loan to First Community Housing (FCH).
Valley View Senior Apartments
Location and details: American Canyon, California
70 new construction rental homes for extremely low-income seniors.
SVB role:
Committed $16 million tax-exempt construction loan to Satellite Affordable Housing Association (SAHA).
2018
Canon Kip Community Housing
Location and Details: San Francisco, California
104 renovated units for formerly homeless adults with special needs and incomes between 15 percent and 50 percent of the area median.
SVB’s Role:
Provided $11.6 million construction loan to Episcopal Community Services (ECS).
2017
1036 Mission Street Apartments
Location and details: San Francisco, California
83 units for families with incomes between 30 percent and 50 percent of the area median.
SVB role:
Provided $9.4 million tax-exempt new construction loan to Tenderloin Neighborhood Development Corporation (TNDC).
City Center Plaza
Location and details: Redwood City, California
81 units for families with incomes no greater than 50 percent of the area median.
SVB role:
Provided $16.7 million tax-exempt new construction loan to MidPen Housing Corporation.
Columbia Park Apartments
Location and details: San Francisco, California
50 renovated multi-bedroom units for families with incomes no greater than 50 percent of the area median.
SVB role:
Provided $16 million tax-exempt construction loan through the purchase of private activity bonds to Mercy Housing California (MHC).
Harper Crossing
Location and details: Berkeley, California
42 units for seniors with incomes between 30 percent and 60 percent of the area median income.
SVB role:
Provided $10 million new construction loan and $9.3 million tax credit equity investment to Satellite Affordable Housing Associates (SAHA).
Las Palmas Apartments
Location and details: San Leandro, California
91 renovated units for families with incomes between 50 percent and 60 percent of the area median.
SVB role:
Provided $22.8 million tax-exempt construction loan through the purchase of private activity bonds to Eden Housing.
University Senior Apartments
Location and details: East Palo Alto, California
41 units for seniors with incomes between 30 percent and 50 percent of the area median.
SVB role:
Provided $20.3 million taxable construction loan and $16.2 million tax credit equity investment to MidPen Housing Corporation.
2016
AveVista
Location and details: Oakland, California
68 units for low-income families.
SVB role:
Provided $2.5 million construction loan to BRIDGE Housing.
Oak Creek Terrace Apartments
Location and details: Napa, California
40 units for low-income families.
SVB role:
Provided $9 million tax-exempt construction loan to Napa Valley Community Housing (NVCH).
Rosa Parks Senior Apartments Phase II
Location and details: San Francisco, California
98 units for seniors with incomes less than 50 percent of the area median.
SVB role:
Provided $29 million tax-exempt construction loan and $9 million in tax credit equity investment to the Tenderloin Neighborhood Development Corporation (TNDC).
Stonebridge Apartments
Location and details: St. Helena, California
80 units of rehabilitated housing for families with incomes no greater than 50 percent of the area median.
SVB role:
Provided $7.7 million tax-exempt construction loan to EAH Housing.
Transbay 6
Location and details: San Francisco, California
70 units adjacent to the new Transbay Terminal for families with incomes no greater than 50 percent of the area median.
SVB role:
Provided $15 million tax-exempt construction loan and $12.4 million in tax credit equity investment to Mercy Housing Corporation (MHC).
Willow Veterans Housing
Location and details: Menlo Park, California
60 units for formerly homeless veterans or those at risk of homelessness, adjacent to health care and vocational services at the Menlo Park Veterans Administration hospital campus.
SVB role:
Provided $9.3 million construction loan and $12.8 million in tax credit equity investment to CORE Affordable Homes and EAH Housing.
2015
1585 Studios
Location and details: Mountain View, California
27 units for developmentally disabled adults.
SVB role:
Provided $3.5 million construction loan to First Community Housing (FCH).
Broadway Sansome Family Apartments
Location and details: San Francisco, California
75 units for families with incomes between 30 percent and 50 percent of the area median and formerly homeless individuals.
SVB role:
Provided $24 million tax-exempt construction loan to Chinatown Community Development Center (CCDC).
Parkside Studios
Location and details: Sunnyvale, California
59 units for individuals and small households with low incomes and chronically homeless individuals. Used modular construction—a first in the Bay Area.
SVB role:
Provided $11 million construction loan to Charities Housing.
Weinreb Place
Location and details: Hayward, California
22 housing units near the BART station for seniors with incomes no greater than 30 percent of the area median.
SVB role:
Provided $5.3 million construction loan and $3.7 million in tax credit equity investment to Eden Housing.
2014
Kellgren Senior Apartments
Location and details: Petaluma, California
50 units for independent seniors with incomes no greater than 50 percent of the area median.
SVB role:
Provided $10 million tax-exempt construction loan to PEP Housing.
Vera Haile Senior Housing
Location and details: San Francisco, California
90 units for low-income seniors above the St. Anthony Foundation facility.
SVB role:
Provided 49 percent of $22 million construction loan to Mercy Housing Corporation (MCH).