Tag: affordable homes

Housing Trust Fund Ventura County announces $3,085,000 in new funding to support the creation of additional affordable homes in the County

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) announces $3,085,000 in new funds received for the development of additional affordable homes in Ventura County at a time when the need for housing affordability continues to rise sharply. The funds come from two investments, $1.5 million each, from the Weingart Foundation and Mechanics Bank. Additionally, three grants totaling $85,000 have been received from U.S. Bank, Citizens Bank, and an anonymous donor. Housing Trust Fund VC will put these new funds to work as the organization continues its commitment to help increase affordable housing options throughout Ventura County by leveraging public-private partnerships to provide low-cost, flexible loans early in the housing development cycle.