Community Involvement


Expanding Affordable Housing to Build Stronger Communities

When people are priced out of the housing market, business competitiveness and quality of life decline. According to the Silicon Valley Leadership Group’s 2016 CEO Business Climate Survey, affordable housing is one of the top concerns for Bay Area CEOs.

Silicon Valley Bank’s Community Development Finance team has committed nearly $270 million in Community Reinvestment Act-qualified investments and closed more than $859 million in loans to build 8,389 affordable housing units in the past two decades. We partner with for-profit and nonprofit groups across Northern California to build innovative homes for seniors, disabled adults, veterans, low-income families and the chronically homeless. Additionally, we work to implement public policies to increase resources for community development.

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Featured affordable housing projects

2019
Park Avenue Senior Apartments

Park Avenue Senior Apartments

Location and details:
San Jose. 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

Second Street Studios

Location and details:
San Jose. 134 energy efficient modular units for extremely low-income and developmentally disabled adults requiring in-home supportive services.

SVB role:
Provided $27.4 million new construction loan to First Community Housing (FCH).

Valley View Senior Apartments

Valley View Senior Apartments

Location and details:
American Canyon. 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

Canon Kip Community Housing

Location and details:
San Francisco. 104 renovated units for formerly homeless adults with special needs and incomes between 15 percent and 50 percent of the area median.

SVB role:
Provided $11.6 million construction loan to Episcopal Community Services (ECS).

2017
1036 Mission Street Apartments

1036 Mission Associates

Location and details:
San Francisco. 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

City Center Plaza

Location and details:
Redwood City. 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.

University Senior Apartments

University Senior Apartments

Location and details:
East Palo Alto. 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.

Columbia Park Apartments

Columbia Park Apartments

Location and details:
San Francisco. 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

Harper Crossing

Location and details:
Berkeley. 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

Las Palmas Apartments

Location and details:
San Leandro. 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.

2016
AveVista

AveVista

Location and details:
Oakland. 68 units for low-income families.

SVB role:
Provided $2.5 million construction loan to BRIDGE Housing.

Willow Veterans Housing

Willow Veterans Housing

Location and details:
Menlo Park. 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.

Transbay 6

Transbay 6

Location and details:
San Francisco. 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).

Stonebridge Apartments

Stonebridge Apartments

Location and details:
St. Helena. 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.

Rosa Parks Senior Apartments Phase II

Rosa Parks Senior Apartments Phase II

Location and details:
San Francisco. 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).

Oak Creek Terrace Apartments

Oak Creek Terrace Apartments

Location and details:
Napa. 40 units for low-income families.

SVB role:
Provided $9 million tax-exempt construction loan to Napa Valley Community Housing (NVCH).

2015
Weinreb Place

Weinreb Place

Location and details:
Hayward. 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.

Parkside Studios

Parkside Studios

Location and details:
Sunnyvale. 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.

Broadway Sansome Family Apartments

Broadway Sansome Family Apartments

Location and details:
San Francisco. 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).

1585 Studios

1585 Studios

Location and details:
Mountain View. 27 units for developmentally disabled adults.

SVB role:
Provided $3.5 million construction loan to First Community Housing (FCH).

2014
Vera Haile Senior Housing

Vera Haile Senior Housing

Location and details:
San Francisco. 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).

Kellgren Seniors Apartments

Kellgren Seniors Apartments

Location and details:
Petaluma. 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.

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