Recently, HTF Ventura County was notified by the U.S. Department of the Treasury that it is one of 73 recipients of a Technical Assistance grant. The $125,000 grant doubles to $250,000 due to State Proposition 1’s fund matching program. “Earlier this year we set a lofty $5 million fundraising goal by the end of 2019,” stated Linda Braunschweiger, CEO of Housing Trust Fund Ventura County. “With this newest grant we are now within striking distance of achieving that goal.” In 2017, HTF Ventura County became a Community Development Financial Institution (CDFI), which certifies private and non-profit financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income and other disadvantaged people join the economic mainstream. Being a CDFI opens new funding opportunities for HTF Ventura County, allowing for program expansion to help better serve Ventura County residents in need of affordable housing. Below are three such projects. Ventura’s Willett Ranch, located at 54 and 55 Willett Street, is part of the new Solana Heights residential community. It will include the new construction of 50 one- and two-bedroom apartments for extremely low income seniors, with 15 apartments designated for permanent supportive housing for homeless households. The community will include on-site supportive services such as community gardening and meals, as well as targeted workshops and classes attractive to seniors. HTF Ventura County provided a $1.4 million acquisition and predevelopment loan to the Housing Authority of the City of San Buenaventura to make this project a reality. It is estimated that 75-80 seniors will become residents of Willett Ranch. Construction is set to begin in November 2019. Ventura’s El Portal Building, located at 1238-1288 North Ventura Avenue, is a two-story building constructed in 1929. After falling into disrepair, Triad Properties, a nonprofit corporation associated with the Housing Authority of the City of San Buenaventura purchased the mixed-use property with plans to reconfigure 33 current living spaces, storage and commercial space into 28 to 30 more suitable apartments for homeless individuals, those with special needs, and very low income adults. HTF Ventura County provided a $700,000 construction loan to kick-off the project. It is estimated that 28-38 individuals will become residents of El Portal, which is set to begin reconstruction after all health and safety standards are brought up to code.
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Ventura County Civic Alliance: Livable Communities Newsletter August 2019 vol.13 no.51
Since the Housing Trust Fund Ventura County's inception in 2011, as a 501c3 nonprofit corporation, it has become the local trusted leader in helping to increase affordable housing options throughout Ventura County. The HTF leverages public-private partnerships to provide low-cost, flexible loans early in the housing development cycle. As of July 2019, HTFVC has invested $8 million through its revolving loan fund, creating 301 affordable apartments and homes for very-low, low- and middle income employees, transitional age foster youth, veterans, farm workers, and the homeless.
The organization has set a goal to raise the first $5 million of the funds required for the matching grant by the end of 2019 and already has close to $2.5MM committed. Linda Braunschweiger, CEO, said: "We need everyone's help to raise the $10MM match from the County, all ten cities, financial institutions, businesses, and individuals. As a community, we must step up financially to ensure we don't leave any of the $10MM of tax payers' dollars in Sacramento." HTFVC has a sizable pipeline of affordable housing projects currently being developed throughout the County that are in need of funding. To learn more about how you can help with the $10 million matching campaign, please contact Linda Braunschweiger at 805-407-2455 or visit the website at www.HousingTrustFundVC.org. CENTER FOR NONPROFIT LEADERSHIP Posted on August 29, 2019 https://www.callutheran.edu/centers/nonprofit/news.html?id=13856 The basics Linda Braunschweiger, CEO Housing Trust Fund Ventura County
HTFVC’s mission is to support more housing choices, by generating and leveraging financial resources, working in partnership with the public, private, and non-profit sectors throughout Ventura County. Since the HTFVC’s inception in 2011, as a 501c3 nonprofit corporation, it has become the local trusted leader in helping to increase affordable housing options throughout Ventura County. The HTF leverages public-private partnerships to provide low-cost, flexible loans early in the housing development cycle. As of July 2019, HTF has invested $8.5 million through its revolving loan fund, creating 305 affordable apartments and homes for very-low, low- and moderate income employees, transitional age foster youth, veterans, farm workers, and the homeless.
What’s happening at the Housing Trust Fund Ventura County? Housing Trust Fund Ventura County has a rare opportunity to bring a $10 million dollar matching grant from California State Proposition 1 to Ventura County to fund new affordable housing development. Our community continues to be one of most expensive places to live in the Country. Housing prices are driving the cost of living out of reach for many residents of Ventura County and having a significant impact on the economic stability of our community. We are asking individuals, businesses, foundations, and government to invest in HTFVC and Be the Match! Recently we completed a rebranding campaign, changed our name slightly to Housing Trust Fund Ventura County, and have a beautiful new logo. What about the Housing Trust Fund Ventura County is particularly special to you, what would you like our readers to know? Our new tag line is: Everyone deserves a home! This is the very reason my dedicated Board of Directors, staff and I work so hard to raise lending capital so affordable homes in Ventura County can be experienced by all in need. The feeling of giving a family who once lived in horrid conditions the keys to their new home is an amazing feeling. Lives are changed. Why did you think it was important to become an organizational member and/or donor of theCenter for Nonprofit Leadership? The Center for Nonprofit Leadership provides top notch training specific to the issues nonprofits deal with daily. The staff is knowledgeable about our challenges, know how to find answers to our questions, and can be a shoulder to cry on when we need support. The Center is an amazing asset in our community. What do you value most about your membership? Our membership provides the opportunity to network, collaborate, learn from, and celebrate milestones with my fellow nonprofit leaders. Anything else you’d like to add? Everyone deserves a home! HOUSING TRUST FUND VENTURA COUNTY RAISES $100,000 DURING “YOUR BUSINESS DEPENDS ON HOUSING” EVENT9/4/2019 Prop 1 match brings total raised at event to $200,000 and takes organization halfway to its $5 million year-end goal for Ventura County affordable housing. CITIZENS JOURNAL https://www.citizensjournal.us/housing-trust-fund-ventura-county-raises-100000-during-your-business-depends-on-housing-event/ Added by Debra Tash on July 31, 2019. Ventura, CA – Kicking off the summer, Housing Trust Fund Ventura County (HTF Ventura County) hosted its eighth annual educational and donor recognition fundraising event at the picturesque Maravilla Gardens in Camarillo. The $100,000 raised during the event will grow to $200,000 thanks to a 1:1 fund matching program provided by California State Proposition 1. HTF Ventura County is now halfway to its year-end goal of raising $5 million in support of developing affordable housing for Ventura County. During the evening celebration, Housing Trust Fund Ventura County also debuted its fresh new logo and color palette.
Keynote State Treasurer Fiona Ma addressed a crowd of over 200 housing advocates, business, and community leaders speaking to this year’s topic, Your Business Depends on Housing: We’re all in this together. “My vision for the State Treasurer’s Office is a proactive, solution-oriented agency that understands the dire importance of creating partnerships with the private sector,” said Treasurer Ma, who noted that she has conducted two statewide housing listening tours seeking to revamp regulations under her purview and to “ensure we help increase the production of homes in California.” Inadequate, unaffordable, and a general lack of housing for Ventura County employees, especially those in the middle- and lower-income level, is a leading factor hindering business expansion and economic growth in our community. With increased community and business donations, HTF Ventura County can exponentially grow its revolving loan fund by leveraging State Proposition 1, the Housing Programs and Veterans’ Loans Bond, which provides a 1:1 fund matching program, up to $10 million. “Our goal is to hit $5 million by December 31st and then raise the additional $5 million in 2020,” commented Linda Braunschweiger, CEO of Housing Trust Fund Ventura County. “We were thrilled to raise $200,000 between donations and Prop 1’s matching fund at this event. Paired with previous donations and funding, we are now halfway to our 2019 goal.” A highlight of the evening was the unveiling of HTF Ventura County’s new logo. “We went through a well-crafted decision-making process to arrive at this logo,” stated Housing Trust Fund Ventura County Board Chair, Jennie Buckingham. “It’s amazing how all the elements have meaning and work together to truly represent who we are and what we do for affordable housing in our community.” The new logo includes a multi-level home firmly rooted to the ground to reflect fund stability as well as housing stability for individuals and families. The waves depict Ventura County while the three panels are reminiscent of multiple developments and financial charts with the final panel dipping slightly to demonstrate there is still a need. The color palette represents Ventura County from its coastal waters to its plentiful agriculture, while also symbolizing HTF Ventura County’s strength and integrity (deep blue), tranquil stability and optimism (light teal), and renewal and growth (green). The new tagline, “Everyone deserves a home,” underscores the reason HTF Ventura County exists in our community. Housing Trust Fund Ventura County – Launched as a 501c3 nonprofit corporation in 2012, Ventura County Housing Trust Fund became Housing Trust Fund Ventura County (HTF Ventura County) in July 2019. HTF Ventura County is the local trusted leader in helping to increase affordable housing options throughout Ventura County by leveraging public-private partnerships to provide low-cost, flexible loans early in the housing development cycle. As of July 2019, HTF Ventura County has invested $4.7 million through its revolving loan fund, creating 143 affordable apartments and homes for very-low, low- and middle- income employees, transitional age foster youth, veterans, farm workers, and the homeless. VENTURA BREEZEAugust 28 – September 10, 2019 http://venturabreeze.com/wp-content/uploads/2019/08/V12.N24-8.28.19.pdf
Keynote State Treasurer Fiona Ma addressed a crowd of over 200 housing advocates, business, and community leaders speaking to this year’s topic, Your Business Depends on Housing: We’re all in this together. “My vision for the State Treasurer’s Office is a proactive, solution-oriented agency that understands the dire importance of creating partnerships with the private sector,” said Treasurer Ma, who noted that she has conducted two statewide housing listening tours seeking to revamp regulations under her purview and to “ensure we help increase the production of homes in California.” Inadequate, unaffordable, and a general lack of housing for Ventura County employees, especially those in the middle- and lower-income level, is a leading factor hindering business expansion and economic growth in our community.
With increased community and business donations, HTF Ventura County can exponentially grow its revolving loan fund by leveraging State Proposition 1, the Housing Programs and Veterans’ Loans Bond, which provides a 1:1 fund matching program, up to $10 million. “Our goal is to hit $5 million by December 31st and then raise the additional $5 million in 2020,” commented Linda Braunschweiger, CEO of Housing Trust Fund Ventura County. “We were thrilled to raise $200,000 between donations and Prop 1’s matching fund at this event. Paired with previous donations and funding, we are now halfway to our 2019 goal.” A highlight of the evening was the unveiling of HTF Ventura County’s new logo. “We went through a well-crafted decision-making process to arrive at this logo,” stated Housing Trust Fund Ventura County Board Chair, Jennie Buckingham. Launched as a 501c3 nonprofit corporation in 2012, Ventura County Housing Trust Fund became Housing Trust Fund Ventura County (HTF Ventura County) in July 2019. HTF Ventura County is the local trusted leader in helping to increase affordable housing options throughout Ventura County by leveraging public-private partnerships to provide low-cost, flexible loans early in the housing development cycle. As of July 2019, HTF Ventura County has invested $4.7 million through its revolving loan fund, creating 143 affordable apartments and homes for very-low, low- and middle- income employees, transitional age foster youth, veterans, farm workers, and the homeless. |
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