Housing Trust Fund Ventura County Approves Over $6.5 million in Loans to Create 118 New Affordable Housing Units

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”.

Read More