The recent downfall of Silicon Valley Bank (SVB) has a number of major Bay Area affordable housing developers scrambling to find new lending options for projects that are desperately needed to address the region's housing crisis.KQED has so far identified 11 in-process or recently completed affordable housing projects in several Bay Area cities - comprising more than 1,000 units - dependent on loans from SVB, the Santa Clara-based lender that failed on Friday following a social media-fueled bank run.
#social-media #development #san-francisco #partnership #construction #spokesperson #affordable-housing #santa-clara
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