 Housing Trust Fund Ventura County (Housing Trust Fund VC) announces the approval of an acquisition loan for $1,500,000 to support the development of Topa Vista Villas in Santa Paula. This loan was made possible by funds contributed by the CDFI Equitable Recovery Program ($757,000), and Community Impact Notes in the amounts of $259,000 from Montecito Bank & Trust, $243,251 from Community West Bank, and $240,749 in returned revenue, funds that have returned to the revolving loan fund. This loan will be combined with $3,000,000 in funding from Century Housing for a combined $4,500,000 to launch this multifamily affordable housing development. The Topa Vista Villas development will provide 111 units of affordable housing with over a third of the units being allocated for formerly unhoused individuals. The development is a collaboration between Homes & Hope, Cabrillo Economic Development Corporation (CEDC), and the Santa Paula Housing Authority (SPHA). Homes & Hope will serve as the Administrative General Partner, CEDC will oversee property management, and SPHA will provide support for long-term affordability.
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Investing $6.5 million in homes and healin For many in Ventura County, finding a safe, affordable place to live feels out of reach—especially for those facing serious health challenges or recovering from homelessness. That’s why Housing Trust Fund Ventura County is committed to solutions that create real impact. Our latest investments are two loans totalling $6.5 million to Cabrillo Economic Development Corporation to support the development of 161 affordable homes across two new communities: Topa Vista Villas and Camino de Salud. These developments will provide stable, supportive housing for some of our most vulnerable neighbors —offering not just a roof, but a renewed sense of hope and belonging. Together, we’re building a healthier, more inclusive Ventura County—one home at a time.
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