11K housing units on tap; advocates want more

This past October, the Pacific Coast Business Times spoke with our CEO Linda Braunschweiger to discuss our county’s acute housing shortage. “We’re doing better now, but it’s absolutely not enough,” Braunschweiger said in response to the 11,000 units in construction in the region, including affordable housing developments.

The article notes Braunschweiger stating that one of the biggest challenges in financing affordable housing in California is that the state doesn’t have a dedicated, reliable source of funding for such projects and that the local corporate community needs to consider investing.

The Housing Trust Fund Ventura County, earlier this year, announced the approval of two loans of a combined $6.7 million to create 188 new affordable housing units with two new developments, Casa Aliento Apartments in Oxnard, and Camino De Salud in an unincorporated area.

Read the full article HERE.