The Monterey Bay Housing Trust (MBHT) is a revolving loan fund sponsored by the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley. The goal of this fund is to increase the supply of affordable housing for low-income households. MBHT loans can finance acquisition, pre-development or construction of affordable housing in the Monterey Bay Region, inclusive of Santa Cruz, San Benito and Monterey counties.At the inception of the fund in July 2016, MBEP committed to raising $2 million in donations, which would be leveraged with funds from Housing Trust Silicon Valley lending capital in a four-to-one ratio. To date, public and private community partners have donated $2.25 million. Housing Trust Silicon Valley’s committed leverage brings total resources available for land acquisition and predevelopment loans to $11.25 million.Loans made to affordable housing developers are repaid from construction financing, so Monterey Bay Housing Trust funds will be reinvested many times in the tri-county area. To date, three loans have already been funded — to Community Housing Improvement Systems Planning Association for the Castroville Oaks Affordable Housing Community, to For the Future Homes for the Water Street apartments and to New Way Homes for 180/2020 Permanent Supportive Housing in Santa Cruz.The Monterey Bay Housing Trust has received contributions from a variety of public and private community partners. These generous contributors include: South Swell Ventures, City of Salinas, Monterey County, City of Gonzales, United Way Monterey County, David & Lucile Packard Foundation, City of Santa Cruz, County of Santa Cruz and City of Watsonville.

Click here to view the MBHT FAQ Sheet (PDF)

‍Click here to view the MBHT Term Sheet (PDF)

‍General questions and donations: Contact Gabriel Sanders, Director of Housing and Community Development Policy, MBEP

Developer inquiry: Contact Stephaney Kipple, Multifamily Lending Manager, Housing Trust Silicon Valley

“Housing Trust Silicon Valley is pleased to work with MBEP to promote affordable housing in the Monterey Bay Region. These communities have been underserved by CDFIs (Community Development Financial Institutions), and the current housing shortages have escalated the need for new models of lending. With our solid banking relationships and outstanding credit rating, the Housing Trust is in a perfect position to market to affordable housing developers and manage the loan program.”
Kevin Zwick, CEO, Housing Trust Silicon Valley

‍“We feel it is absolutely critical to bring resources into our region that can improve the supply of available housing. A thriving region is at the core of our mission, and we know that having an affordable place to call home is an integral part of achieving that.”
Bud Colligan, Former Board Co-Chair, Monterey Bay Economic Partnership