Housing Trust Silicon Valley, a nonprofit community loan fund, has received a generous donation of $39 million from MacKenzie Scott through her philanthropic fund Yield Giving. This significant gift will support the organization’s mission to promote more equitable and affordable communities in the greater Bay Area region spanning 14 counties.
Noni Ramos, CEO of Housing Trust, expressed gratitude for this unexpected and largest individual donation in their history. She also acknowledged the responsibility that comes with it to use these unrestricted funds wisely towards transformative finance initiatives that can positively impact lives in collaboration with partners.
The $30-million contribution will enable Housing Trust to accelerate its efforts and expand programs aimed at addressing the pressing issue of affordable housing crisis in the region. Some potential plans include utilizing funds for capital raising activities for their loan fund, expanding current programs as well as launching new initiatives focused on fostering partnerships and promoting equity and affordability within housing.
