KICKING OFF THE SUMMER
August 28 – September 10, 2019
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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