Housing Trust Silicon Valley, a nonprofit community loan fund, has received a generous $39 million donation from MacKenzie Scott through her philanthropic fund Yield Giving. This significant gift will support the organization’s mission to create more equitable and affordable communities in the greater Bay Area region spanning 14 counties.
“We are incredibly grateful and honored to receive this unrestricted donation, which is the largest individual contribution we have ever received,” said Noni Ramos, CEO of Housing Trust. “This gift not only provides us with much-needed resources but also recognizes our commitment to transforming lives through transformative finance alongside our partners.”
The $30 million donation will allow Housing Trust to accelerate its efforts in addressing the growing affordable housing crisis in the region. Some potential uses for these funds include kickstarting a new capital raise for their loan fund, expanding current programs, and launching new initiatives that promote equity and affordability within housing partnerships.
In summary:
Nonprofit community loan fund Housing Trust Silicon Valley has been gifted $39 million by MacKenzie Scott’s philanthropic organization Yield Giving. The largest individual contribution they have ever received will aid their mission of creating more equitable communities throughout 14 counties in California’s greater Bay Area region. CEO Noni Ramos expressed gratitude for this unrestricted funding which recognizes their dedication towards transforming lives through transformative finance with partners’ help. The $30 million grant allows them to intensify efforts against increasing affordable housing issues by potentially starting a capital raise campaign or introducing new initiatives promoting equity within partnerships.
