HEART makes $700K loan to Mental Health Association for land acquisition in North Fair Oaks; site plans for 15 homes for special needs housing for mentally disabled individuals.This is part of Prop 1C funding.
HEART is pleased to announce the award of two grants of $12,500 each to MidPen Housing and AbleWorks for housing-related activities located in Menlo Park and East Palo Alto. These funds are being made available through the generosity of Facebook.
August 6, 2012 – HEART announces $700K available to multi-family housing developers through two loan programs: QuickStart an existing short term loan fund and SemiPerm, a new program for medium-term loan options. Find out more..
The California Department of Housing and Community Development (HCD) has awarded a $2 million matching grant to HEART as part of its competitive Local Housing Trust Fund Program funded by Proposition 1C, the housing bond measure approved by state voters in 2006. The funds, which should be available in 2012, provide $700,000 for affordable rental housing loans and $1.3 million for downpayment assistance loans to low and moderate-income families.
We had a tasty “friendraiser” event just before Valentine’s Day. You can see photos here. Many thanks to Borel Private Bank & Trust Co. for hosting the event at their San Mateo branch! Also, the State contemplates a permanent source of revenue for affordable housing.
“Like an FHA loan, but more flexible for the condo we wanted….” ~Jennifer & Andrew
“With the money I saved through HEART, I have enough to fix up the house…” ~Krystal