Subsequently, Housing Trust's funds will actually expand through future bond measures and the linkage of commercial development with housing requirements. The Trust creates housing opportunities for broader markets by complementing and filling gaps with existing affordable housing initiatives. The Trust promotes home ownership as an essential component of a family's ability to succeed economically and socially, even for middle income households. Most programs focus on the homeless and multi-family affordable housing or on first time home buyers. The Trust works directly with developers in all types of housing.
Complex restrictions encumber many loan programs.
The Trust will lend to innovative yet responsible developments if they meet an unmet need. While innovation will be a hallmark of the Housing Trust of Santa Clara County , the program is built upon the collective experience of housing trust funds elsewhere. There are over 150 Housing Trusts across the United States, ten of them in California alone. Its existence, furthermore, made the city eligible for specific government funding that required matching funds. Of course, twenty million dollars is not sufficient to fully address a problem of this scope and this long in the making.