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.