Sonoma County Housing Fund

A collaborative effort to address an intensified need for housing

When Sonoma County was impacted by the devastating Tubbs Fire in late 2017, the region, already in the midst of a housing shortage, needed a way to bring new housing in – and fast. Working with Silicon Valley Housing Trust, we came up with a unique solution. 

How It Helps

The Sonoma County Housing Fund is a joint partnership Housing Trust and the Santa Rosa Metro Chamber – similar to the successful collaboration Housing Trust made with the Monterey Bay Economic Partnership to create Monterey Bay Housing Trust.

Leveraging each other’s strengths, expertise and local relationships, Sonoma County Housing Fund will finance critically needed affordable housing in the Sonoma County region. In this new partnership, Santa Rosa Metro Chamber secures and deploys the local investments to assist with the affordable housing and Housing Trust underwrites, approves, and administers the loans. This $10 million initiative’s goal is to finance affordable housing throughout the Sonoma County region. Learn more about the launch of the Sonoma County Housing Fund here.

Getting Started

Review the Term Sheet for the Sonoma County Housing Fund


Predevelopment, acquisition, construction/rehab and bridge

Project Types

Affordable multifamily rental and supportive housing

Eligible Borrowers

Non-profit organizations, limited partnerships and single asset entities with non-profit
sponsors, and mission-aligned for-profit entities


Sonoma County

Loan Amount

  • Maximum secured: $15,000,000
  • Maximum unsecured: $1,000,000


Up to 5 years

Interest Rates

Competitive rates based on the transaction structure. Please call to inquire about
current rates.


  • Origination Fee - 2% of loan amount for loans up to $2 million; 1.5% for larger loans;
    $5,000 - $10,000 non-refundable application fee (will be applied to origination fee
    at loan closing)
  • Borrower is responsible for lender’s legal fees and all third party costs


Predevelopment loans may be secured or unsecured. Acquisition and construction
are secured in first lien position on the subject property. Housing Trust may consider
a junior position and/or additional collateral depending on the project and the
cumulative loan to value.


Housing Trust will ensure reasonable parameters based on underlying project and
sponsor profile.


Interest only, payable monthly, interest may be capitalized through interest reserve
at the time of loan closing and paid out of loan proceeds. Principal will be paid at the
earlier of construction loan closing or maturity.


To borrower and, at Housing Trust’s discretion, to sponsor or parent company


  • Peter Rumble, CEO, Santa Rosa Metro Chamber, 707-545-1477
  • Pam Berkowitz, Director of Multifamily Lending, Silicon Valley Housing Trust, 408-703-3837 x220
  • Steven Yang, Senior Loan Officer, Silicon Valley Housing Trust, 408-703-3837 x240

Every loan starts with a conversation, please reach out to see how we can help.

This term sheet does not constitute a commitment to lend or borrow or an agreement to issue or accept a commitment on these or any other terms or to arrange any financing and shall not create a binding or legally enforceable obligation. The terms contained herein are a summary and are not all-inclusive.

Financing Partners

Silicon Valley Housing Trust - Santa Rosa Metro Chamber


Office: (707) 545-1414
Fax: (707) 545-6914


Santa Rosa Metro Chamber
50 Old Courthouse Square
Suite 110
Santa Rosa, CA 95404


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