Kevin Zwick Executive Director Housing Trust of Santa Clara County

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Kevin ZwickExecutive DirectorHousing Trust of
Santa Clara County
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Why Start a Housing Trust?

• In only 30 of residents could buy a house
• Activists organized for a Housing Trust, County
  Supervisors commissioned studySilicon Valley
  Leadership Group organized business community to
  get involved and bring in new resources for
  affordable housing

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Why do we still need a Housing Trust?

• Homebuyers need larger down payments and steady
  work
• Workers, seniors, families need 25/hr to
  two-bedroom rental
• Over 40,000 households pay more than half their
  income to rent
• Over 7,000 homeless or in shelters each night,
  including 627 children
• Over 15,000 new foreclosure filings last year
  just in San Jose

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Achievements First-Time Homebuyers 

• Since 2001, HTSCC has helped over 2067 households
  buy their first home
• Over 620 public sector employees, 450 teachers,
  and 220 engineers and high-tech workers
• Less than 10 defaults (lt0.5) statewide average
  June 2009 was 9.5 long term average is over
  2.0

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Achievements Affordable Housing Loans and
Homeless Grants

• 54 Loans to Affordable Housing Developers,
  creating 2962 new units
• Affordable rental homes for seniors, working
  families, people with special needs with rents
  based on 30 of a households income
• 36 grants to Homeless Service Providers assisting
  over 2800 individuals and families move to
  permanent housing or remain in their homes with
  emergency rental assistance

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Achievements Program Spending

• 47 - Homebuyers
• 29 Homeless Special Needs 24 Multifamily
  Rentals
• 73 for Very Low Income 10 for Low Income 17
  for Moderate Income

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Whats Next? First-Time Homebuyers

• 4 loan programs for First Time Homebuyers with
  assistance between 6500-75,000
• Closing Cost Assistance Program Mortgage
  Assistance Program Down payment Assistance
  Program, and Equity Share Co-Investments (ESCO)
• Programs available Countywide
• FTHB Workshops throughout County this Spring

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Whats NextAffordable Housing and Homelessness

• Loans for acquisition and predevelopment
  available countywide
• Permanent Loans for Extremely Low Income housing,
  permanent supportive Housing available
• Emergency Homeless Prevention Grants available
  now
• Safety Net Capital Improvement Grants 200,000
  per provider to repair and upgrade existing
  safety net housing in County--
• Available Now

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Whats NextForeclosure Mitigation in San Jose 

• In 2010, San Jose Consortium, consisting of HTSCC
  as the Lead Agency, City of San Jose Housing
  Department, and NHSSV, was awarded 25,000,000
  from ARRA for NSP2
• Purpose is to convert at least 200 foreclosed
  properties into affordable homes for low and
  moderate income individuals and families in 35
  census tracts in San Jose
• In May 2010 PAL loans of 50,000 available for
  people buying foreclosed properties
• In Summer 2010 RFQ and NOFA for developers to
  acquire and rehabilitate foreclosed homes

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Find out More about the Housing Trust

• New website at www.housingtrustscc.org
• 2009 Annual Report available now
• Contact Kevin Zwick to schedule a First Time
  Homebuyer Workshop in your city or at your
  business