Courtesy photo.
VENTURA — Ventura Housing (formerly the Housing Authority of the City of San Buenaventura) announced that its nonprofit partner, Atlas, has received a generous donation from Yardi® in support of “The Road Home” Campaign, benefiting residents of Ventura Housing’s latest development at Valentine Road. This groundbreaking permanent supportive housing project located in Ventura is converting the former 142-room La Quinta Inn into 134 studio apartment homes for individuals who have experienced or are at risk of homelessness, thereby reducing homelessness in the local community and transforming the lives of residents.
Yardi®’s donation is helping turn these unfurnished spaces into move-in-ready furnished homes where residents can safely and comfortably rebuild their lives. “Yardi is delighted to be part of this true community effort to help those navigating housing insecurities,” shared Jay Shobe, Senior Vice President at Yardi.
The Valentine Road Apartments are the result of a $32 million Homekey award secured in 2023 through the California Department of Housing and Community Development (HCD). That funding marked the largest Homekey grant in both City and County history and initiated the hotel conversion. The development was made possible through collaboration with multiple public and private entities, including HCD, Enterprise Community Partners, J.P. Morgan, Housing Trust Fund Ventura County, the California Tax Credit Allocation Committee, the County of Ventura, McCarthy Companies, and the City of Ventura, with Ventura Housing leading the development and service coordination.
“We are deeply grateful to Yardi® for their generous contribution to Atlas’s Road Home Campaign. The Valentine Road development exemplifies our mission to transform lives,” said Jeffrey Lambert, CEO of Ventura Housing. “Yardi®’s partnership enables our residents to quickly feel at home so they can comfortably begin rebuilding their lives. Together, we are creating lasting solutions that will reduce homelessness and strengthen our entire Ventura community.”
Since 1984, Yardi® has grown into the leading provider of high-performance software for the real estate industry. With over 9,000 professionals in more than 40 offices worldwide, they combine deep industry knowledge with a commitment to innovation. Yardi® considers itself an integral part of the communities in which it operates and, by extension, the larger global community. They believe it is vitally important to contribute to the health and well-being of those communities by volunteering time and energy to worthwhile causes and providing financial support to advance humanitarian goals.
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Ventura Housing – The Housing Authority of the City of San Buenaventura is now Ventura Housing. The agency serves as the community’s trusted housing partner with more than 75 years of experience helping residents and future generations to thrive. Ventura Housing’s refreshed name and look better reflect its commitment to opening doors, empowering lives, strengthening communities, and advancing housing affordability. Ventura Housing administers multifaceted housing programs that support low-income families within Ventura, from developing new and rehabilitating existing properties to managing the Housing Choice Voucher program and monitoring city income-restricted properties. It also provides access to case management and service coordination, the Family Self-Sufficiency Program (FSS), Resident Opportunities & Self-Sufficiency Program (ROSS), and Student Scholarship Program. www.venturahousing.org.