Housing Trust Fund Ventura County sets record with over $316,000 in donations collected in 2024 with two surprise donations

Housing Trust Fund Ventura County (Housing Trust Fund VC) announces over $316,000 in donations received in 2024 to support the development of additional affordable homes in Ventura County. A donation of $50,000 was made on the final day of the year by PennyMac Financial Services (PennyMac) from the PennyMac Corporate Giving Fund. Another donation of $31,875 was made by the California Foundation for Stronger Communities (CFSC). Together, both end-of-the-year donations pushed the total to the highest amount received in donations by Housing Trust Fund VC in one year since the organization began in 2011. Both donations were unsolicited, a testament to the reputation and goodwill of Housing Trust Fund VC as an affordable housing leader in the region.
“PennyMac recognizes the positive impact that Housing Trust Fund Ventura County is making in the communities where we live and operate, and it is our hope that this contribution will help further that impact. We look forward to how this contribution can be utilized to drive continued progress and to support their key initiatives.” The donation from PennyMac was part of the PennyMac Corporate Philanthropy Program, which prioritizes its giving to those charitable organizations that align with the company’s culture, core values, vision and philanthropic focus areas. Housing Trust Fund VC also received a donation from the CFSC through the California Municipal Finance Authority. The California Municipal Finance Authority’s mission is to support economic development, job creation and social programs throughout the State of California to directly contribute to the health and welfare of its residents.​

“We are thrilled to hit this landmark funding achievement with the help of community partners like PennyMac and the California Foundation for Stronger Communities,” said Linda Braunschweiger, CEO of Housing Trust Fund VC, “With regional fires impacting housing accessibility in our region and housing prices becoming less affordable over time, it is essential to continue working to provide affordable housing for our communities to continue to flourish and persist.”

These funds will be strategically reinvested into Housing Trust Fund VC’s early-stage financing programs, which support affordable housing developers by providing critical, low-cost loans at the start of projects. This funding model allows developers to secure additional resources, fast-track construction, and bring much-needed homes to Ventura County’s workforce, seniors, veterans, and families in need.

Housing Trust Fund VC remains committed to expanding public-private partnerships and welcoming future contributions to sustain its momentum in addressing Ventura County’s housing challenges. Housing Trust Fund VC will be hosting their annual meeting on Thursday, February 27th where they will share their annual impact while hosting a panel of California affordable housing leaders. They will explore the role of impact investing through leveraging private industry funding and individual investors to meet the growing housing demand in 2025 and beyond. For more information and to register to attend the annual meeting, please visit www.housingtrustfundvc.org.