Latest News
NetApp Invests $10 Million in Housing Trust’s TECH Fund


Housing Trust Silicon Valley, a nonprofit community development financial institution (CDFI) focused on affordable housing in the greater Bay Area, is announcing a significant new investment in its TECH Fund, which was created to enable philanthropists and Bay Area employers to be a part of the affordable housing solution. Today’s new investment consists of $10 million from NetApp – bringing the total in the fund to $62 million.
Information on TECH Fund can be found at https://housingtrustsv.org/tech-fund/
TECH Fund was launched in March 2017 to address a key barrier to building affordable housing. It provides flexible financing to allow affordable housing developers to compete for sites on the open market that may otherwise go to market-rate homes or offices. These funds have been used to purchase land next to transit in downtown San Jose, close to jobs in Mountain View, preserve and rehab existing properties occupied by low-income residents in Redwood City, and other endeavors.
TECH Fund by the numbers: https://housingtrustsv.org/wp-content/uploads/2019/03/TECH-Fund-Summary-Sheet-190329.pdf
Built initially to create 10,000 affordable housing opportunities in the first ten years, TECH Fund has already started up 2,040 homes across 18 developments in Silicon Valley – with more than half for families, a third for the homeless and/or permanent supportive housing, and one-in-five for seniors. Most homes are aimed at those earning 60 percent of the area median income (AMI) or less.
“It is going to take all of us – elected officials, philanthropists, and business leaders – working together to solve our housing crisis,” said Assemblymember David Chiu (D-San Francisco). “It is heartening to see some of our largest companies stepping up to help address our region’s greatest challenge. This investment will make it possible for more people to find an affordable home in the Bay Area.”
“NetApp believes in helping the communities where we live and work. Our investment in the TECH Fund is an important way for us to give back to the community that has been our home for 25 years,” said George Kurian, Chief Executive Officer and President, NetApp. “We are proud to be able to contribute to the TECH Fund to address the affordable housing challenge and make a meaningful impact in a key area of basic human needs.”
“Since 2000, Housing Trust Silicon Valley has partnered with investors to create affordable homes and preserve the vibrancy of our region,” said Kevin Zwick, CEO of Housing Trust Silicon Valley. “We are grateful for companies like NetApp who are devoted not only to providing more opportunities to the current workforce, but also empowering future growth of the greater Bay Area.”
SOURCE Housing Trust Silicon Valley
Blockchain
UnitedStaking.com Launches Advanced Crypto Staking Platform with Global Reach and Real-World Impact

UnitedStaking
Blockchain
HODL 2025: Blockchain’s Brightest Minds. All in Dubai
Blockchain
SkyCrest Capital Launches SkyAlpha X 2.0 AI System and Innovative SkyFund Protocol (SKF)
-
Blockchain Press Releases6 days ago
BTC Pricing Alert: Bitcoin Rebounds as Trump’s Trade War Comments Ignite Market Rally – Bybit x Block Scholes Report
-
Blockchain3 days ago
Mercurity Fintech’s Chaince Securities Appointed as Strategic Advisor for Classover’s Solana-Focused Treasury Strategy
-
Blockchain5 days ago
PFM Disrupts Wealth Management in 2025: Earn Digital Assets Risk-Free with Zero Fees
-
Blockchain4 days ago
Veriff and Legitify Partner to Streamline Cross-Border Digital Notarisation
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – April 29, 2025 | Deloitte, TRON DAO, Miden, JPMorgan, Nuvve
-
Blockchain Press Releases4 days ago
Welcome to the 1V1 Trading Arena: Bybit Blends Gameplay With Real Crypto Wins for Pro and New Users
-
Blockchain Press Releases6 days ago
Bybit Introduces API Access for On-Chain Earn and Flexible Savings
-
Latest News4 days ago
Betbazar Explores Cricket in iGaming: What Operators Need to Know