Tag: Housing Trust Fund Ventura County

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

by Community Contributor • October 22, 2024 • Comments Off

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.

Assemblymember Steve Bennett selects Housing Trust And Ventura County as 2024 Nonprofit of the Year

by Community Contributor • June 6, 2024 • Comments Off

“We are honored to be recognized as Nonprofit of the Year 2024 by Assemblymember Bennett. This award reflects the tireless efforts of our team and our community of supporters who are dedicated to making affordable housing a reality because we believe that everyone deserves a home. This recognition strengthens our commitment to building stronger, more equitable communities, and we look forward to continuing our impactful work,” said Linda Braunschweiger, CEO of the Housing Trust Fund Ventura County.

Housing Trust Fund Ventura County announces $25,000 grant from Mechanics Bank in support of affordable housing

by Community Contributor • June 4, 2024 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) has been awarded a $25,000 operating grant from Mechanics Bank in support of affordable housing in Ventura County. The new funds will be used to support new loan program development and operations as Housing Trust Fund VC continues 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. The grant is part of the Mechanics Bank Corporate Giving Program which aims to support community development financial institutions and nonprofit organizations that directly support low- to moderate-income individuals, families and communities.

“Mechanics Bank has been a supporter for many years. Their Corporate Giving Program is an important catalyst for change in our community,” said Housing Trust Fund Ventura County CEO Linda Braunschweiger, “We are grateful to have their continued support as we work to bring more affordable housing to Ventura County.”

Housing Trust Fund VC’s Annual Compassion Campaign gathers sold out crowd and sets fundraising record for third straight year

by Community Contributor • May 16, 2024 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) set another fundraising record at its 5th Annual Compassion Campaign for affordable housing in Ventura County. Supported in part by Keystone Sponsor HOPE (Housing Opportunities for People Everywhere), the Walnut Grove at Tierra Rejada Farms in Moorpark provided the perfect backdrop for this year’s theme, Unlocking Affordable Living – Reshaping Housing Solutions.

Housing Trust Fund Ventura County announces $12 million in loans for 492 new affordable housing units in Ventura County

by Community Contributor • May 2, 2024 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) announces $12,000,000 in loan commitments approved by its Board of Directors. Seven million of the $12 million will be matched by Prop 1 funding. The Valentine Road Apartments in Ventura, a Homekey development by the Housing Authority of the City of San Buenaventura, will receive a $5,000,000 construction loan. Two developments by Red Tail Multifamily Land Development, Citrus Flats in Santa Paula and Arrive Ventura in Ventura, will each receive a $1,000,000 pre-development loan. Many Mansions’ Aspire Apartments in Oxnard will receive a $5,000,000 construction loan. Together the developments will bring 492 new affordable homes to Ventura County.

Housing Trust Fund Ventura County announces $88,000 in funding for affordable housing lending

by Community Contributor • January 9, 2024 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) begins 2024 by announcing $88,000 in new funds for the development of affordable housing in Ventura County. The funds come in the form of $85,000 in grants from U.S. Bank, First Citizen’s Bank and PennyMac Financial Services as well as $3,000 in year-end contributions from private donors. The amount will be applied toward the increased need for affordable housing funding as the staggering need for housing continues to grow.

Feb. 29 — “A Home for Education” Symposium to be held at CSU Channel Islands

by Community Contributor • January 1, 2024 • Comments Off

VENTURA COUNTY — Those interested in working to identify unique and innovative affordable housing solutions in Ventura County, are invited to provide input during Housing Trust Fund Ventura County’sAnnual Meeting. During the meeting the nonprofit will present a 2023 year in review and itscurrent programs and services, along with “A Home for Education: Housing solutions on educational properties,” on Thursday, Feb. 29, 2024, from 8:30 a.m. to 1:00 p.m. at the Grand Salon at California State University Channel Islands.

May 9 — 5th Annual Compassion Campaign invites guests to reimagine the future of affordable housing

by Community Contributor • January 1, 2024 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County announced on April 9 that its 5th Annual Compassion Campaign will feature Mark Stivers, Director of Advocacy for the California Housing Partnership, a private nonprofit organization created by the State Legislature in 1988 to help provide housing that is sustainable and affordable for working families, homeless, veterans, seniors and disabled individuals.

Housing Trust Fund Ventura County awarded $5 million in approved funding from SCAG’s Lasting Affordability Program

by Community Contributor • December 12, 2023 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) has been awarded $5,000,000 from the Southern California Association of Governments’ (SCAG) as part of the Regional Early Action Planning (REAP) 2.0 Lasting Affordability program. The funding will support the creation of the Housing Trust Fund Ventura County’s Revolving Long- Term Loan Program for Infill Affordable Housing Developments Project. This project will establish a long-term loan program and will increase the lending capacities of Housing Trust Fund VC. In addition, this grant will provide resources to Housing Land Trust Ventura County (Housing Land Trust VC) to create policies and procedures which will advance Housing Land Trust VC to attract additional capital and land donations. The anticipated outcomes from the new fund include 656 affordable housing units in Ventura County by 2031.

Housing Trust Fund Ventura County to receive $5 million from Prop 1 Local Housing Trust Fund program

by Community Contributor • October 5, 2023 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County has been awarded $5,000,000 from the Local Housing Trust Fund (LHTF) program by the California Department of Housing and Community Development (HCD). This is a result of the nonprofit’s ability to raise $5M in local funding to receive this 100% match from the California State Prop 1 matching grant program. This brings Housing Trust Fund Ventura County’s Prop 1 award total to just over $14M, which, through the development of safe and affordable housing, will positively impact the lives of farmworkers, veterans, low-income seniors, cognitively impaired individuals, people experiencing homelessness, transitional age foster youth, and extremely-low and low-income individuals and families.

Housing Trust Fund Ventura County to receive over $2 million in Federal and County funds in support of more affordable housing

by Community Contributor • April 28, 2023 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announced that the nonprofit has been awarded a $1.5M grant from the County of Ventura’s general fund for the development of affordable housing throughout the community and another $891,059 from the U.S. Treasury Department’s CDFI Fund Equitable Recovery Program. This combined $2,391,059 has the ability to be matched dollar for dollar by the State of California’s Proposition 1 Local Housing Trust Fund, bringing over $4 million to Ventura County in support of developing more affordable apartments and homes.

Housing Trust Fund Ventura County announces approval of a $1.1 million acquisition loan for Aspire Apartments

by Community Contributor • March 21, 2023 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announces a $1,100,000 acquisition loan approved by its Board for funding to Many Mansions for the Aspire Apartments in Oxnard set to begin construction in 2024. The nonprofit had previously approved and funded a $250,000 pre-development loan back in January 2020. This brings the total funding from Housing Trust Fund VC to $1,350,000 in support of this development.

Aspire Apartments will consist of 56 one-bedroom units and 32 two-bedroom units, including a manager’s unit, for a total of 88 apartments. Residents, comprised of extremely and very low-income families and individuals, and homeless and disabled individuals, will enjoy a community center, laundry facility, common area kitchenette, and recreational space. Uniquely, the second floor of the building will feature an outdoor community green space complete with BBQ and picnic area to help build an inclusive neighborly environment. Additionally, Oxnard Development Commission Successor Agency has partnered in this project to acquire and develop a pocket park that will be accessible to the public.

Housing Trust Fund Ventura County announces two new Board Directors and appoints new Chair at its Annual Public Meeting

by Community Contributor • January 19, 2023 • Comments Off

During its Annual Public Meeting in January, Housing Trust Fund Ventura County announced two new Directors have joined its Board. Executive Director of the Housing Authority of the City of Santa Paula, Elenore Vaughn joins the Board bringing with her two decades of experience in real estate development and public affairs. Joining Ms. Vaughn on the Board is longstanding community member and partner at McCarthy Companies, Sarah McCarthy-Garcia, who brings years of local building and business development experience. The 2023 Board is led by 2023 Chair Tracy McAulay, Management Analyst for the County of Ventura Community Development Division and Vice Chair Ken Trigueiro, CEO & President of People’s Self-Help Housing.

Jan. 18 — Housing Trust Fund Ventura County hosts annual meeting

by Community Contributor • January 1, 2023 • Comments Off

he Housing Trust Fund Ventura County invites anyone interested in learning about affordable housing impacts and solutions to its Annual Meeting on Wednesday, January 18, 2023, 11:30 a.m. to 1:00 p.m. via Zoom. Register free at www.housingtrustfundvc.org/2023annualmeeting. Recognizing, “Lives Connected Through One Common Need,” the nonprofit is hosting two recognized experts on affordability of homes in California – Richard Green, Ph.D. Director and Lusk Chair in Real Estate at the USC Lusk Center for Real Estate and Alan Greenlee, Executive Director of the Southern California Association of Non-Profit Housing.

May 11 — Housing Trust Fund Ventura County to host another guest immersion experience

by Community Contributor • January 1, 2023 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) will host their fourth annual Compassion Campaign on May 11, 2023, from 5PM-9PM, in-person at the Museum of Ventura County. Sponsored in part by Ventura County Credit Union, this year promises to be another memorable evening as guests of COMPASSION CAMPAIGN – HOME MADE: FUND IT + BUILD IT + LIVE IT are invited to stroll through three powerful exhibits showcasing how safe, equitable, and affordable homes are funded, built, and lived in within Ventura County. For tickets and sponsorship opportunities, please visit www.housingtrustfundvc.org/2023cc-tickets

Housing Trust Fund Ventura receives $518,000 in support of affordable housing; funds over $4M for Rancho Sierra Senior Apartments near Camarillo

by Community Contributor • November 16, 2022 • Comments Off

Housing Trust Fund Ventura County is committed to funding the development of safe and equitable homes that make a positive impact in the trajectory of people’s lives. In support of that effort, the nonprofit recently received $18,000 from a combined two operating grants from Citizens Business Bank and the Bank of Sierra and a $500,000 investment from US Bank into its Everyone Deserves a Home Community Impact Note. Funding such as this is pooled with other supportive funding sources to ensure developments like the Rancho Sierra Senior Apartments (Rancho Sierra) are built to foster positive change for individuals and families who face housing insecurity.

Housing Trust Fund Ventura County announces land donation by the City of Thousand Oaks for development of affordable, for-sale housing

by Community Contributor • November 10, 2022 • Comments Off

Housing Trust Fund Ventura County announces a 3.87 acre land donation by the City of Thousand Oaks to its supporting non-profit, the Housing Land Trust Ventura County. Approved at the City’s November 1, 2022 City Council meeting, the donated land located at 384 N. Erbes Road will be developed by People’s Self-Help Housing into nearly 80 affordable for-sale townhomes. People’s Self-Help Housing, as the lead agency, is working with collaborative partners Housing Trust Fund Ventura County/Housing Land Trust Ventura County, Ventura County Community Development Corp, McCarthy Companies, and DiCecco Architecture to bring this development to fruition.

Housing Trust Fund Ventura County to receive $5 million from Prop 1 Local Housing Trust Fund program

by Community Contributor • October 25, 2022 • Comments Off

Housing Trust Fund Ventura County has been notified by the California Department of Housing and Community Development (HCD) that it has been awarded $5,000,000 from the Local Housing Trust Fund (LHTF) program. This is a result of the nonprofit’s ability to raise $5M in local funding to receive this 100% match from the California State Prop 1 matching grant program. This brings the total funding for Housing Trust Fund VC in this program round to $10M, which through the development of safe and affordable housing will positively impact the lives of farmworkers, veterans, low-income seniors, cognitively impaired individuals, houseless persons, transitional age foster youth, and extremely-low and low-income individuals and families.

Housing Trust Fund Ventura County announces $2.5 million predevelopment loan for farmworker apartments in Somis

by Community Contributor • September 22, 2022 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announces a $2,500,000 predevelopment loan approved for funding to AMCAL Multi-Housing, Inc. (AMCAL) for the Terra Campagna Apartments set to begin construction in November.

The need for affordable housing is felt throughout Ventura County, especially among our most essential workers. The Terra Campagna Apartments will serve the county’s large community of farmworkers and their families with 160 affordable housing units in Somis. This represents the second phase of the Somis Ranch Farmworkers Community development. Phase one consists of 200 units and is currently under construction with an anticipated completion date in the spring of 2024. Both developments will include community centers, social services, outdoor community spaces and play areas for all ages.

Housing Trust Fund Ventura County provides $4 million in pre-development construction loan funds for Rancho Sierra Senior Apartments

by Community Contributor • December 18, 2021 • Comments Off

Housing Trust Fund Ventura County announced today that it is providing a $4 million pre-development construction loan to kick-off the development of Rancho Sierra Senior Apartments (Rancho Sierra), to be built in an unincorporated area adjacent to the City of Camarillo. Rancho Sierra is being developed by Many Mansionswith support from the Area Housing Authority of the County of Ventura to provide affordable housing solutions for low-income seniors in eastern Ventura County.

Housing Trust Fund Ventura County announces $1 million investment by Bank of the Sierra

by Community Contributor • November 30, 2021 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announced today a $1 million investment by Bank of the Sierra into the nonprofit’s Everyone Deserves a Home Revolving Loan Fund. This community impact note will be pooled with funds from investors, both public and private, to provide flexible, below-market interest rate loans in support of building safe and equitable homes in diverse neighborhoods, that positively impact people’s lives in Ventura County. Additionally, investors earn a modest financial return on their investment.

Housing Trust Fund Ventura County Announces Two New Loans

by Community Contributor • August 11, 2021 • Comments Off

Housing Trust Fund Ventura County announces a $3,225,000 construction loan commitment to the Housing Authority of the City of San Buenaventura (HACSB) for the Westview Village II and an $800,000 predevelopment loan funded to 2nd & B Street Homeless Solutions Center in Oxnard. Additionally, Housing Trust Fund VC has received operational grant funds in the amounts of $20,000 from Wells Fargo and $7,500 from Union Bank, with the potential to double with the State of California’s Proposition 1 match.

Housing Trust Fund Ventura County receives City of Oxnard land on behalf of newly formed Housing Land Trust Ventura County

by Community Contributor • April 21, 2021 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC), on behalf of the newly formed Housing Land Trust Ventura County, has entered into a disposition and development agreement to receive donated land valued at $840,000 from the City of Oxnard. Located at 241 West Second Street, the unused city land will be developed as the future home of the Homeless Solutions Center, a supportive housing development that will provide 55 permanent housing units, 120 shelter beds and 24-hour supportive services for the homeless population.

“In 2020 we formed the Housing Land Trust Ventura County as a way to provide lasting community assets and permanently affordable housing opportunities for families, workers and fixed-income residents in our County,” said Linda Braunschweiger, CEO of Housing Trust Fund VC and Housing Land Trust Ventura County. “By working to acquire donated land and preserve it for affordable housing developments we remove the most cost-prohibitive part of building affordable homes, which is the high cost of land.” Braunschweiger notes that Housing Land Trust Ventura County is designated by the State of California as a Supporting Nonprofit comprised of an 11-member Board of Directors who are working to identify and receive donated land in the region that can be developed to provide affordable housing on a 99-year lease for either rental housing or home ownership. The new nonprofit will not act as a developer but rather work with affordable housing developers selected through an RFP process. The land donated by the City of Oxnard is the first such project for the newly formed Housing Land Trust Ventura County.

Housing Trust Fund Ventura County kicks off 2021 with Annual Board Meeting – “Where We Live Shapes How We Live”

by Community Contributor • February 4, 2021 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) proudly welcomed over 85 participants to last week’s Annual Meeting. Held virtually, the meeting highlighted successes including, $10 million in approved loans since 2012 ($2.1 million in 2020), helping to produce 598 affordable homes in socio-diverse neighborhoods throughout Ventura County, and raising $5+ million in local funds for affordable housing. Housing Trust Fund VC emphasized the power of impact investing by leveraging $2.15 million in funded 2020 loans for three new Oxnard developments.

Housing Trust Fund Ventura County Board of Directors Welcomes Five New Members

by Community Contributor • January 12, 2021 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) has announced a slate of five new Directors for election to its 2021 Board at the organization’s Annual Meeting being held on Wednesday, January 27th, 11:30 am to 1:00 pm via Zoom. The new slate will fill the seats of five longstanding outgoing Directors, many of whom have served for years.

The incoming Directors represent community members who bring a wide range of diversified knowledge and experience to Housing Trust Fund VC, especially as it relates to affordable workforce housing, socio-diversity, and inclusion.

June 10 — Everyone Deserves a Home Compassion Campaign returns online

by Community Contributor • January 1, 2021 • Comments Off

Housing Trust Fund Ventura County (HTFVC), continues the conversation about affordable housing with its 2nd Annual Everyone Deserves a Home Compassion Campaign. The online event will take place on Thursday, June 10th, from 5:30 p.m. – 7:00 p.m.

Housing Trust Fund Ventura County raises $5 million towards Prop 1 fund matching grant program

by Community Contributor • August 18, 2020 • Comments Off

Housing Trust Fund Ventura County announced this week that it applied for California Proposition 1 matching funds from the CA Department of Housing and Community Development (HCD), the agency responsible for fund disbursement. Housing Trust Fund VC has raised $5 million locally with the goal of bringing $10 million to the county for affordable housing developments through the Prop 1 matching grant program.

Housing Trust Fund Ventura County states Everyone Deserves a Home Compassion Campaign

by Community Contributor • July 1, 2020 • Comments Off

During the week of June 1st, Housing Trust Fund Ventura County hosted its first ever virtual event, Everyone Deserves a Home Compassion Campaign. The weeklong celebration shone a light on the increasing need for affordable housing in Ventura County while reminding our community that small acts of compassion and kindness matter.

The nonprofit was able to secure $43,850 in donations and sponsorships in support of the cause. “We are so close to achieving our $50,000 goal,” commented Linda Braunschweiger, CEO, Housing Trust Fund Ventura County. “I encourage our community to help us get there. These are difficult times for so many. Any size gift truly makes a difference to help build affordable workforce housing in Ventura County.”

Housing Trust Fund Ventura County announces Everyone Deserves a Home Compassion Campaign

by Community Contributor • May 21, 2020 • Comments Off

VENTURA COUNTY — For too many, housing is not guaranteed. At a time when acts of kindness matter, Housing Trust Fund Ventura County invites you to join its Everyone Deserves a Home Compassion Campaign. This weeklong celebration takes place June 1st through June 5th…

Housing Trust Fund Ventura County awarded $50,000 from Weingart Foundation in support of affordable workforce housing

by Community Contributor • April 28, 2020 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) has been named as one of 29 grantees receiving funding support from Weingart Foundation through their Unrestricted Operating Support (U.O.S.) program. Housing Trust Fund VC will receive $50,000 over two years to help with capacity building in support of the Fund’s overall mission 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.

Housing Trust Fund Ventura County announces appointment of Cesar Hernandez to Board of Directors

by Community Contributor • March 18, 2020 • Comments Off

“My family benefitted from the availability of affordable housing in our community.” – Cesar Hernandez VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) has elected Cesar Hernandez to its 19-member Board of Directors. In this capacity, Hernandez will…

Housing Trust Fund Ventura County receives funding from five sources for affordable housing

by Community Contributor • October 31, 2019 • Comments Off

Organization on course to reach $5 million goal by December 31st, 2019 VENTURA COUNTY — Housing Trust Fund Ventura County (HTF Ventura County) announced this week that it has recently received funding support from The McCune Foundation, The Lluella Morey Murphy…

Housing Trust Fund Ventura County announces funding for three new affordable housing projects in Ventura and Fillmore

by Community Contributor • September 27, 2019 • Comments Off

Also receives $125,000 grant from the U.S. Department of the Treasury VENTURA COUNTY — Housing Trust Fund Ventura County (HTF Ventura County) is helping to successfully change the landscape of Ventura County’s affordable housing market. Its three newest funding projects would…