Damage to nonprofits appears limited so far, but charity leaders and experts urge groups to protect assets amid fears about the banking industry’s health.
Backed By Google, Inclusive Housing Project Moves Forward
by George Avalos, The Mercury News/TNS | January 22, 2021
SAN JOSE, Calif. An affordable housing project in San Jose has moved closer to reality with a new loan and the developer’s purchase of the properties where the homes will be built.
The Kelsey Ayer Station has landed more financing from Google and the project’s developer has just completed a purchase of the properties needed for the 115-unit development, according to public documents filed in Santa Clara County on Jan. 15.
“Google has allowed us to accelerate our development plans and keep this project going,” said Micaela Connery, founder and chief executive officer of The Kelsey, a co-developer of The Kelsey Ayer Station.