https://www.siliconvalley.com/2023/03/17/11-bay-area-affordable-housing-projects-squeezed-by-silicon-valley-bank-collapse/

The sudden and spectacular collapse of Silicon Valley Bank didn’t just wipe out venture-backed tech startups. It also hit many of the Bay Area’s largest nonprofit housing developers, forcing construction delays and throwing at least a thousand desperately needed low-income units planned for the region into uncertainty.

Nonprofit developers are now scrambling to find financing for projects after the bank — a key affordable housing lender in the Bay Area — told them it couldn’t move forward with plans to issue new loans. Others are left asking whether the Santa Clara-based bank will honor its outstanding loan agreements and investments in their properties.