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HOUSING
TRUST SILICON VALLEY'S NEWSLETTER FOR MAY 2013
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Spring is a season of new possibilities and beginnings.
For us, this Spring brings us a new name, new staff, new lending
programs, and new momentum to help create more affordable housing for
our community. First, as those of you who attended our Investor Briefing
already know, our new name is Housing Trust Silicon Valley. This new
name reflects our need to address affordable housing issues on a more
regional basis, while still allowing us to focus our efforts here in
our backyard. If you haven't already done so, please visit our new Facebook page and "like
us" again!
Second, we are very excited to announce our new Chief
Lending Officer, Jim Mather. Jim comes to us with a wealth of
experience in Community Development Finance and Lending, both with
multifamily and homeownership programs. Jim will oversee both our
expanded Multifamily lending programs and
our Homebuyer Programs. I invite you
to read more about Jim's background further down in this newsletter.
Also we are excited to announce that Maureen Shilling, our longtime
Director of Finance and Operations, will now be our new Chief
Financial Officer.
Third, we are very proud to announce the launch of our
new Multifamily Loan Pool, which brings together eight financial
institutions to provide capital alongside the Housing Trust. This new
loan pool allows us to meet the needs of our affordable housing
development community for start-up financing by providing larger
predevelopment, acquisition, and construction loans. Stay tuned for
more information about the loan pool in next month's newsletter.
Thank you to Heritage Bank of Commerce, First Bank, Silicon Valley
Bank, Manufacturers Bank, Bridge Bank, East West Bank, OnePacific
Coast Bank, and Technology Credit Union for investing in affordable
housing in our community!
Fourth, starting next month, we will hold our first Post-Purchase
Education workshop, as part of our Sustainable Homeownership
programs. On Saturday, May 18th from 9am to 12pm, the Housing Trust,
along with SurePath Financial Solutions and ACE Hassett Hardware will
provide Financial and maintenance tips for new homeowners, including
live maintenance demonstrations. This free event will be at Willow
Glen Community Center. Contact Adria Quinones-Masur, Homebuyer
Program Specialist, adria@housingtrustsv.org
to reserve your seat. Also make sure to contact Adria
to learn more about our first time homebuyer loan programs, which are
fully funded for the coming year and ready to be used!
Finally, we are gathering momentum to address the
extreme challenges around affordable housing funding in our
community. This month, a coalition of nonprofit, business,
environmental, and community groups presented a letter to the Santa
Clara County Board of Supervisors urging them dedicate their share of
former redevelopment funds that would have gone to housing
("boomerang funds") to help address this critical need. We
need everyone's help to urge Santa Clara County to follow the lead of
San Mateo County and other jurisdictions, and make this important
policy change. Come
join us at the County's Budget Hearing for the Housing Land Use
Environment and Transportation Committee on May 9th at 1:30p to
advocate for more affordable housing funding.
It is an honor to continue to work with all of you to help make
Silicon Valley a more affordable place to live. Here's to a new
season of renewed commitment on making affordable housing a priority
in our community.
Sincerely,
Kevin Zwick
Chief Executive Officer
Housing Trust Silicon Valley
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CITI
Grant
Housing Trust
Silicon Valley recently received a $40,000 contribution from Citi
Community Development. This contribution will support our Sustainable
Homeownership Program, which includes down payment assistance loans,
workshops, one-on-one counseling for borrowers and post-purchase
education to make homeownership achievable and sustainable for low and
moderate income families. Thank you to Mona Masri and the Citi team for
your continued support.
Jim Mather Joins the Housing Trust
Jim Mather, Chief
Lending Officer at HTSV, has held various senior positions in community
development banking at Union Bank, Bank of America, and US Bank. At
these banks Jim originated more than $1 billion in loans and
investments for affordable housing, and oversaw the asset management of
large national affordable housing portfolios. Jim also managed housing
finance and policy for the County of Alameda Housing and Community
Development Department. He also serves on the boards of Merritt
Community Capital and Dignity Housing West. Welcome Jim!
Affordable Housing Week May 13 - 18th
Various events
offer information to potential homebuyers and renters, policy and
advocacy updates, and much more. Please click here to
access complete web calendar of activities: Affordable Housing Week .
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Help
Get The Word Out, Workshop for New Homeowners:
Join us for a post purchase education workshop on May 18th
from 9am to noon at the Willow Glen Community Center, 2175 Lincoln Ave,
San Jose. Live home maintenance demonstrations from ACE Hassett
Hardware, and other practical information to help you maintain your
home and your budget. Contact adria@housingtrustsv.org
to reserve your seat! Space is limited.
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May
16th at 7pm Housing Trust Silicon Valley will
screen the acclaimed documentary "American Winter" at Camera
12, 201 S. 2nd St. in downtown San Jose. The film follows six fa
milies
who have fallen from America's middle class into poverty. Come and
participate in the Question and Answer session with the film's director
Joe Gantz and Co-Producer Aaron Butler. To reserve tickets for the
screening, please contact Stephanie@housingtrustv.org
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Upcoming Homebuyer Classes and Workshops are posted
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For more information about Housing Trust Silicon Valley or
our programs, please visit our website at http://www.housingtrustsv.org or
call us at 408.436.3450.
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