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Amigos 805 recently shared this announcement, stating, "Housing Trust Fund VC announces the approval of two loans for a combined $6,726,038 to create 118 new affordable housing units in Ventura County with two new developments, the Casa Aliento Apartments and Camino De Salud. Community Development Partners will be the recipient of a $1,726,038 bridge loan for 69 affordable units located in Central Oxnard called Casa Aliento Apartments."
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Housing Trust Fund Ventura County (Housing Trust Fund VC) announces the approval of two loans for a combined $6,726,038 to create 118 new affordable housing units in Ventura County with two new developments, the Casa Aliento Apartments and Camino De Salud. Community Development Partners will be the recipient of a $1,726,038 bridge loan for 69 affordable units located in Central Oxnard called Casa Aliento Apartments. Cabrillo Economic Development Corporation will receive a $5,000,000 construction loan for the development of 49 affordable units in Unincorporated Ventura County for Camino De Salud. Developments will prioritize individuals who are vulnerable due to the COVID-19 public health crisis, persons living with mental disabilities, and those who are deemed a "high-cost health user”.
Housing Trust Fund VC contributes over $1.7 million to create 70 new affordable appartmentsFive years after COVID-19, many are still struggling to return to normal after the uncertainty and instability of the pandemic. According to the Ventura County point-in-time survey, since 2020, the houseless population in Ventura County jumped from 1,787 adults and children to 2,358 in 2024. With a 31% increase in the homeless population in four years, there is an imminent need for developments like the Casa Aliento apartments in downtown Oxnard that meet this rising need head-on in innovative ways.
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Camarillo, CA 93010 (805) 384-1144 501 c3 #45-3191747 |