Three new Ventura County cities have become municipal investors in VCHTF by contributing to our Revolving Loan Fund. These cities are now able to receive priority funding when loan applications in those jurisdictions are being underwritten. The cities are demonstrating their support for the needs of the people who live and/or work in their community. Participation in VCHTF also assists with the cities with meeting their Housing Element requirements and obtaining credits for the creation of affordable housing.
City of Oxnard: In June 2017 Oxnard contributed an investment of $200,000. We appreciate Mayor Tim Flynn, Council-members Carmen Ramirez, Bryan MacDonald, Oscar Madrigal, Bert Perello, City Manager Greg Nyhoff, Assistant City Manager Ruth Osuna and Housing Director Arturo Casillas for their vote of confidence and efforts. VCHTF recently approved a $500,000 loan to Habitat for Humanity to construct 6 low-income, deed-restricted, for-sale, single-family homes in Oxnard. We are currently reviewing another loan application for farm-worker and special needs housing in Oxnard.
City of Fillmore: In July 2017 Fillmore invested $50,000 to VCHTF. Thank you to Mayor Carrie Broggie, Council-members Manuel Minjares, Diane McCall, Mark Austin, Tim Holmgren, and City Manager David Rowlands for their commitment to affordable housing and VCHTF. We look forward to helping fund a project in Fillmore.
City of Camarillo: In September, the City of Camarillo renewed their support for VCHTF by providing an additional $50,000 investment. In 2012, Camarillo was one of the first 5 cities to support VCHTF with a $100,000 contribution. Assistant Community Development Director David Moe currently serves on the VCHTF Board of Directors. Much appreciation to City Manager Dave Norman, Community Development Director Joe Vacca, Mayor Jan MacDonald and Council-members Charlotte Craven, Mike Morgan, Kevin Kildee and Tony Trembly for their continued support and confidence.
City of Port Hueneme: On Nov. 6, 2017, the City Council voted to make a $50,000 investment to VCHTF in support of affordable housing. Mayor Pro-tem Sylvia Munoz Schnopp, Council-members Jonathan Sharkey, Will Berg, and City Manager Rod Butler were instrumental in securing this donation and we appreciate their support. We anticipate in the near future being able to help fund additional affordable housing in the City.