Exhibit CC 09-21-2010 No. 3 The Housing Trust of Santa Clara County ec 7 /- 211 /
EXHIBIT -4 - 3
the
housing
trust
Of SANTA CLAAACOI)O?
THE HOUSING TRUST OF
SANTA CLARA COUNTY
CUPERTINO CITY COUNCIL I September 21, 2010
THE HOUSING TRUST OF
SANTA CLARA COUNTY
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What Is the Housing Trust of SCC ?
A non - profit working to make Silicon Valley a more
affordable place to live
"Problem Solvers" for pressing housing needs
special needs & affordable housing
first -time home ownership
a homelessness prevention
Cl Relevant Resource to Santa Clara County
$36.6 million invested
s $1.8 billion leveraged
a *8,808 housing opportunities created
the
housing
trust
*MORE THAN 8 HOUSING
OPPORTUNITIES CREATED
21 24 first -time homebuyers
▪ > 630 public employees
o > 450 teachers ? *,
o > 230 engineers 1
a > 120 health professionals ` � ° ,
4802 homeless & special ,
needs populations J
1882 low- income families
th housing '
trus
Why the Housing Trust Was Formed
❑ Skyrocketing Housing
Prices �.
n Employers' Need to
Remain Competitive
• Voters Refusal of New
4
Housin g Tax
l Committed Leadership
from the Public & Private
Sector
th1
housing
trust
Why We Remain Relevant
n SCC Remains among the
Costliest Places to Live
Low- Income Renters
a Elderly Renters
•
"'" Low Household Incomes
Rising Demand for
Affordable Housing
t D Too few housing units
available
t th�
housin
trust
Why We Remain Relevant
"The City has already met its
Regional Housing Needs
Allocation (RHNA) for
above - moderate income
units, but has a remaining
allocation of 717 very low, I I
low, and moderate income if
housing units."
- City of Cupertino Draft Housing
Element, June 2009
housing
trust
Housing Trust Programs
n Core Program Areas
a Developer Loans
a First -Time Homebuyer Loans
a Homelessness Prevention
n New Loans /Grants
a Equity Share Co- Investment
Program
0 Safety Net Capital
Improvement Grants
the
housing
trust
Housing Trust's Investment in Cupertino
Cumulatively:
You've Invested $350,000
ca HTSCC has invested
$722,2003
In the Past Year "
ii You've Invested $25,000
La HTSCC Invested $112,500
in Cupertino
the
housing
trust
Housing Trust Investments In Cupertino
DISTRIBUTION OF HOUSING TRUST'S INVESTMENT IN
CUPERTINO BY PROGRAM AREA
14%
■ Developer Loans
25% p First -Time Homebuyers
■ Homelessness Prevention
61%
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h ousing
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