When people are priced out of the housing market, business competitiveness and quality of life decline. According to the Silicon Valley Leadership Group’s 2016 CEO Business Climate Survey, affordable housing is one of the top concerns for Bay Area CEOs.
Silicon Valley Bank’s Community Development Finance team has committed nearly $270 million in Community Reinvestment Act-qualified investments and closed more than $859 million in loans to build 8,389 affordable housing units in the past two decades. We partner with for-profit and nonprofit groups across Northern California to build innovative homes for seniors, disabled adults, veterans, low-income families and the chronically homeless. Additionally, we work to implement public policies to increase resources for community development.