Location and Details: Berkeley, California
The project will provide 89 units serving low-income working families, 53 units of permanently supportive housing for people with disabilities or who are homeless or at risk of being and 44 shelter beds for men who are homeless, including 12 transitional beds for veterans.
SVB’s Role:
Provided a $56.5 million construction loan and $7.1 million investment to finance the new construction.