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Nonprofit picks up $17.2M loan to buy land for affordable housing in Mountain View

Original post made on Mar 2, 2022

The nonprofit Housing Trust Silicon Valley announced Wednesday that it will provide a $17.2 million loan to purchase land for a future high-density affordable housing development in Mountain View.

Read the full story here Web Link posted Wednesday, March 2, 2022, 1:34 PM

Comments (3)

Posted by [email protected]
a resident of Monta Loma
on Mar 2, 2022 at 3:21 pm
[email protected] is a registered user.

Great news! We desperately need affordable housing for low-income people. But I wonder why it is a loan from Google, rather than a grant. Who is going to pay it back.

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Posted by Bruce Karney
a resident of Old Mountain View
on Mar 2, 2022 at 3:36 pm
Bruce Karney is a registered user.

I'm pleased by this news and hope the rezoning proceeds quickly. The shape of the site will call for some creative architectural work. It will be interesting to see what the design looks like.

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Posted by tecsi
a resident of Monta Loma
on Mar 3, 2022 at 5:46 pm
tecsi is a registered user.

This is encouraging. Hope it proceeds briskly.

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Nonprofit picks up $17.2M loan to buy land for affordable housing in Mountain View

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