MONTEREY BAY HOUSING TRUST

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, over $50M has been leveraged through the Housing Trust, resulting in over 1200 homes built.

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. 

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.

General questions and donations: Contact Matt Huerta, VP Community Development, MBEP

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