Monthly Archives: May 2014

Housing Trust 2014 Investor Briefing

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May 9  |  Housing  |   Carl Guardino

Here’s food for thought . . . Life is a choice: We can “forge a path,” or “take a pass.”

Fourteen years ago, the Santa Clara County Board of Supervisors and the Silicon Valley Leadership Group came together to co-create “Housing Trust Silicon Valley,” a housing trust fund that was fueled not by new taxes or fees, but by voluntary contributions.

The five Santa Clara County Supervisors voted to put up $1 million in matching funds. Five Silicon Valley Leadership Group member companies each pledged $200,000 to match the County’s commitment.

From that humble beginning, the Housing Trust was born. We took a risk. We forged a path.

Our goal: Raise $20 million in voluntary contributions, to leverage as much as $200 million in private development, to initially assist 4,800 families secure housing in our high-cost Valley.

Well, we missed our mark. Rather than raising $20 million, we have now raised $69 million. Rather than leveraging $200 million in private development, we have leveraged $1.9 billion. Rather than helping 4,800 families, we have now helped 10,760 families secure homes.

The Housing Trust Silicon Valley has done an amazing job. Yet, it started with a risk . . . and a path . . . which led to success for thousands of families to live in Silicon Valley.

Join us as we look to tackle today’s challenges . . . around housing, around homelessness, around traffic. It is time for us to be bold, once again, to solve our Valley’s challenges.

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