Tag: Housing Trust Fund Ventura County (Housing Trust Fund VC)

‘A Home for Education’ gathers community leaders to address affordable housing solutions on education properties

by Community Contributor • March 5, 2024 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) welcomed community leaders to its Annual Meeting and “A Home for Education” symposium February 29th at the CSU Channel Islands (CSUCI) campus. The symposium was presented in collaboration with the County of Ventura, CSUCI, Ventura County Office of Education, Ventura County P-20 Council, and Housing Trust Fund VC to an audience of key decision makers in education, government, land use planning, and affordable housing development.

Housing Trust Fund Ventura County announces approval of a $1.5 million acquisition loan for College Community Courts

by Community Contributor • October 12, 2023 • Comments Off

VENTURA — Housing Trust Fund Ventura County (Housing Trust Fund VC) announces the approval of a $1,500,000 predevelopment loan to help fund College Community Courts, a People’s Self-Help Housing Corporation (PSHHC) affordable housing development in Ventura. With construction set to begin in late 2024, the new multi-family housing community will provide 57 affordable units for farmworkers and their families.

Housing Trust Fund Ventura County announces $1,500,000 Line of Credit investment from Montecito Bank & Trust in support of affordable housing

by Community Contributor • August 23, 2023 • Comments Off

VENTURA COUNTY — Housing Trust Fund Ventura County (Housing Trust Fund VC) announces a $1,500,000 CRA line of credit from Montecito Bank & Trust. The EQ2 (equity equivalent investment) product being leveraged for this Community Reinvestment Act (CRA) line of credit is a long-term loan that allows community development financial institutions (CDFIs), like Housing Trust Fund Ventura County, to strengthen their capital structures and leverage additional debt capital resulting in the ability for increased lending and investing in economically disadvantaged communities, in this case through the development of affordable housing for seniors, farmworkers, the homeless, transitional age foster youth, and low-, very-low, and extremely-low income individuals and families in communities throughout Ventura County.

Housing Trust Fund Ventura County announces $2 million in lines of credit received from Community West Bank and Mission Bank

by Community Contributor • April 19, 2022 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announces two, $1 million lines of credit (LOC), one each from Community West Bank and Mission Bank. The funds will be used as part of Housing Trust Fund VC’s Everyone Deserves a Home revolving loan fund, a community impact note that provides flexible, below- market interest rate loans for the development of affordable housing in Ventura County. Three upcoming developments that will receive funding are a new pre-development loan for Fillmore Terrace being developed by Peoples’ Self-Help Housing Corporation (PSHHC), a GAP loan for Mesa Ojai being purchased by Mesa, and a construction loan to the Housing Authority of the City of San Buenaventura (HACSB) for Westview II.

Housing Trust Fund Ventura County names Jason Gaffner as new Deputy Director/Loan Portfolio Manager

by Community Contributor • March 10, 2022 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) has hired Jason Gaffner as its new Deputy Director, Loan Portfolio Manager. In this newly created position Gaffner will manage Housing Trust Fund VC’s portfolio of existing loans including underwriting and review to close loans expeditiously for affordable housing developments in the community. He’ll also work with developers to secure a pipeline of future loans and prepare documentation needed for reporting to investors, funders, grantors, and others.

May 12 — Housing Trust Fund Ventura County announces California Department of Housing and Community Development Director Gustavo Velasquez to speak at immersive event

by Community Contributor • January 1, 2022 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announced (on April 7) that Housing and Community Development (HCD) Director Gustavo Velasquez will keynote the nonprofit’s signature event – Compassion Campaign 2022 on Thursday, May 12th at Maravilla Gardens in Camarillo.

“We are honored that Director Velasquez sees the work we are doing here in Ventura County to provide safe, equitable homes for all and will be sharing his perspective on the state of affordable housing in California,” said Linda Braunschweiger, CEO, Housing Trust Fund Ventura County.

May 12 — Housing Trust Fund Ventura County to host unique immersive evening, ‘Lives connected through one common need’

by Community Contributor • January 1, 2022 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) will host their 2022 Compassion Campaign on May 12, 2022, from 5PM-9PM, in-person at Maravilla Gardens in Camarillo. Sponsored in part by City National Bank, this unique evening invites guests into an immersive experience highlighting that all lives are connected through one common need – safe and secure housing. For tickets and sponsorship opportunities, please visit: www.housingtrustfundvc.org/compassioncampaign2022

Housing Trust Fund Ventura County awarded $1,826,265 in CDFI grant funds

by Community Contributor • June 22, 2021 • Comments Off

Housing Trust Fund Ventura County (Housing Trust Fund VC) announced that it has received $1,826,265 from the U.S. Treasury’s Community Development Financial Institution’s (CDFI) Rapid Response Program, to support economic relief efforts in Covid-19 impacted communities. This award will directly impact affordable housing in Ventura County through Housing Trust Fund VC’s Revolving Loan Fund and provides an opportunity to double to potentially $3.6 million in lending capital under California’s Proposition 1 Local Housing Trust Fund matching grant program.