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International
MacKenzie Scott donates $30 million to Housing Trust Silicon Valley for 10‑year housing plan
✍️ Times of India
🗓 03 Oct 2026, 06:52 AM
👁 9
Philanthropist MacKenzie Scott’s Yield Giving fund contributed $30 million to Housing Trust Silicon Valley, funding a decade‑long plan to boost affordable homeownership in the Bay Area.
In October 2024, philanthropist MacKenzie Scott, through her Yield Giving fund, announced a $30 million donation to Housing Trust Silicon Valley. The contribution is earmarked for a comprehensive ten‑year strategy aimed at expanding affordable homeownership opportunities in the Bay Area.
Housing Trust Silicon Valley, a nonprofit dedicated to creating and preserving affordable housing, said the funds will support a range of initiatives, including down‑payment assistance, homebuyer education and the development of new affordable units. The plan aligns with the organization’s long‑term goal of reducing the region’s housing shortage.
The trust has a proven record, having built thousands of affordable homes across the Bay Area over the past decade. By leveraging the new donation, the nonprofit expects to accelerate its impact, targeting additional families and individuals who struggle to enter the housing market.
The infusion comes at a time when California continues to grapple with high housing costs and limited supply, prompting increased attention to private‑sector philanthropy as a complement to public policy efforts.
Housing Trust Silicon Valley, a nonprofit dedicated to creating and preserving affordable housing, said the funds will support a range of initiatives, including down‑payment assistance, homebuyer education and the development of new affordable units. The plan aligns with the organization’s long‑term goal of reducing the region’s housing shortage.
The trust has a proven record, having built thousands of affordable homes across the Bay Area over the past decade. By leveraging the new donation, the nonprofit expects to accelerate its impact, targeting additional families and individuals who struggle to enter the housing market.
The infusion comes at a time when California continues to grapple with high housing costs and limited supply, prompting increased attention to private‑sector philanthropy as a complement to public policy efforts.