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.