Developer Loan Results

HEART has invested $8.8 million

in the construction or renovation of 805 affordable rental homes and has funded the following developments:

  • The Village at the Crossing, San Bruno, CA.  228 rental homes for seniors.
  • Hillcrest Senior Housing, Daly City, CA.  40 rental homes for seniors
  • Oceanview Apartments, Pacifica, CA.  100 rental homes for seniors
  • Trestle Glen, Colma, CA.  119 rental homes for working families.
  • Peninsula Station, San Mateo, CA.  68 rental homes for working families.
  • 636 El Camino, South San Francisco, CA. 109 rental homes for working families (opening 2012)
  • 2000 South Delaware, San Mateo, CA.  120 rental homes for working families (planning stages)
  • University Avenue Parcel, East Palo Alto, CA. (land acquisition)

Meet Your Neighbors:

HEART makes loans to developers to build affordable rental homes

An affordable home for a new family…..”

Chris Dubon and Nikole Kosier have a new son and an affordable apartment at Trestle Glen family apartments, near Colma BART. Chris recently graduated from college, and longed to return to his home in South San Francisco. He now has an entry-level customer service job in San Mateo, and can support his family while Nikole finishes her degree and takes advantage of the on-site child care center.

HEART made a $2.5M loan to Bridge Housing to help this project succeed. See our building loan results here.

Trestle Glen is the best thing that has happened to us

“We have a safe, warm place for our children…”

Gumshu and Roi were political refugees from Burma. Gumshu worked in restaurants, and now owns his own sushi stand in a Redwood City. “Getting an apartment at Trestle Glen is the best thing that has happened to us. We were living in an illegal in-law unit without heat, and this new building is so much better for our children.” HEART worked with BRIDGE Housing to develop this 119-unit complex next to Colma BART.

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