Camarillo, CA – Housing Trust Fund Ventura County (Housing Trust Fund VC) announced that it has received $1,826,265 from the U.S. Treasury’s Community Development Financial Institution’s (CDFI) Rapid Response Program, to support economic relief efforts in Covid-19 impacted communities. This award will directly impact affordable housing in Ventura County through Housing Trust Fund VC’s Revolving Loan Fund and provides an opportunity to double to potentially $3.6 million in lending capital under California’s Proposition 1 Local Housing Trust Fund matching grant program.
The CDFI grant award comes days after the nonprofit’s successful Second Annual Everyone Deserves a Home Compassion Campaign fundraising event, where keynote speaker Dr. Tiffany Manuel (aka Dr. T) of TheCaseMade spotlighted the growing need for housing equity. “Housing should not be the politics of luck. Regardless of where you come from, we are all worthy of safe and affordable housing.” Dr. T continued, “We are in a powerful moment because of organizations like Housing Trust Fund Ventura County. Being able to make critical capital available in a moment where so much is happening in our communities requires that we make strong investments in communities, and that’s really important.”
In response to the U.S. Treasury’s announcement Housing Trust Fund VC’s CEO Linda Braunschweiger commented, “We are incredibly honored to be receiving this significant grant from the CDFI Fund. It will make a positive impact on socio-economically diverse neighborhoods and will further aid in our push to develop housing that is affordable. We have the tools to leverage grants, donations, and community impact investments to help fund the most difficult housing to finance—low to extremely low income. This grant will help us open doors of opportunity for many.” Braunschweiger refers to the nonprofit’s Everyone Deserves a Home Community Impact Note as an investment tool for corporations, foundations, mid-size businesses, and individuals to invest in affordable housing in Ventura County while receiving a return on their investment. Housing Trust Fund VC is hosting a community impact investing roundtable on August 31, 2021, from 4-5pm where it will highlight the $2,150,000 in funded developments in 2021 and plans for the future. Anyone interested is welcome to attend by contacting [email protected] to reserve your seat.
Housing Trust Fund Ventura County – Launched as a 501c3 nonprofit corporation in 2011, Housing Trust Fund VC 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 June 2021, Housing Trust Fund VC has invested close to $12 million through its revolving loan fund, creating 720 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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HOUSING may not be the politic’s of luck, but they shouldn’t reflect “equity” either. Words have meaning and the term equity signifies that everyone should live in a house even it their income doesn’t pay for it. That attitude is how we had the real estate balloon pop in the past.
By the way, where did this 1.8 million dollars actually come from? If it was a private contribution, that’s very generous; if it came from taxpayers that approaches theft.