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MacKenzie Scott Donates $30M to Housing Trust Silicon Valley
Housing Trust Silicon Valley, a nonprofit community loan fund, today announced that it has received a $39-million donation from MacKenzie Scott through her Yield Giving philanthropic fund. The gift will regional community development financial institution’s mission to create more equitable and affordable communities throughout the 14-county greater Bay Area.
“This donation, the largest from an individual in our history, comes as an incredible surprise; we are deeply honored and extraordinarily grateful to be entrusted with this unrestricted gift,” said Noni Ramos, CEO of Housing Trust. “With this trust also comes the recognition that through transformative finance, we, together with our partners, transform lives.”
The $30-million gift will allow Housing Trust to accelerate its work and scale efforts to address the region’s growing affordable housing crisis. Early ideas for using the funds include seeding a new capital raise for the organization’s loan fund, expanding existing programs, and launching new initiatives to deepen partnerships and foster greater equity and affordability in housing.
- ◦Financing
