VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) has been notified by the California Department of Housing and Community Development (HCD) that it has been awarded $4,406,179 from the final round of the Local Housing Trust Fund (LHTF) Matching Grant Program. This brings the organization’s total LHTF funding to $18,425,566 out of $25 million available since 2020. Housing Trust Fund VC was also awarded a $125,396.82 grant from the California Investment & Innovation Program (Cal IIP).
“These 2018 Prop 1 matching funds are transformative for our community,” said Linda Braunschweiger, CEO of Housing Trust Fund VC. “By successfully securing this state investment, we’re able to multiply the impact of local donors and partners. As housing costs continue to rise, it’s more important than ever that we develop safe, affordable housing for the farmworkers, veterans, seniors, and families who are essential to Ventura County’s vitality.”
The HCD awards were highly competitive, with the department receiving $136.4 million in funding requests with only $53.4 million to distribute, making the program oversubscribed by 257.42%. Housing Trust Fund VC was one of just twenty-three organizations selected to receive an award, demonstrating the nonprofit’s ability to raise and leverage local funding and qualify for the 2018 California State Prop 1 matching grant program.
Including an earlier $2 million award through California’s Proposition 1C matching grant, Housing Trust Fund VC has now secured $20,425,566 in combined state matching funds. These resources support housing development for farmworkers, veterans, low-income seniors, individuals with cognitive impairments, people experiencing homelessness, transitional-age foster youth, and extremely low- to low-income families. Housing Trust Fund VC’s ability to strategically leverage federal, state, local, public, and private funding has produced a significant and lasting impact across Ventura County.
Cal IIP is a state-administered grant program that provides funding to Community Development Financial Institutions (CDFIs) to expand access to capital, deliver technical assistance, and support community development activities in underserved and economically disadvantaged areas statewide. Growth in Housing Trust Fund VC’s loan volume in 2025 enabled the organization to meet program eligibility, resulting in a successful award and underscoring the tangible value of a CDFI certification.
This funding will be reinvested into Housing Trust Fund VC’s early-stage financing programs, which provide critical, low-cost loans that help affordable housing developers secure additional resources, accelerate construction timelines, and deliver homes to Ventura County’s workforce, seniors, veterans, and families in need.
Housing Trust Fund VC will host its annual meeting on Wednesday, February 25, featuring a panel of California affordable housing leaders exploring how impact investing and private sector partnerships can help meet growing housing demand in 2026 and beyond. To learn more and register, visit www.housingtrustfundvc.org
Housing Trust Fund Ventura County – Launched as a 501c3 nonprofit corporation in 2011, Housing Trust Fund VC is the local trusted leader in helping to increase affordable housing options throughout Ventura County by leveraging public-private partnerships to provide low-cost, flexible loans early in the housing development cycle. As of January 2026, Housing Trust Fund VC has committed to investing $52 million through its Revolving Loan Fund, creating 2,193 affordable apartments and homes for very-low, low- and middle-income employees, transitional age foster youth, veterans, farm workers, and the homeless.