VC Housing Trust Fund recently provided a total of $1,625,000 in three loans for the new Walnut Street Apartment project in Moorpark: a 4-month pre-development loan of $500,000, a 2-year construction loan for $875,000, and a 17-year mini-perm loan for $250,000 (the VCHTF Board of Directors approved this special mini-perm loan to help the developer secure highly competitive CA tax credits). The project is being developed and managed in partnership by two local non-profits: Area Housing Authority of the County of Ventura and Many Mansions.. When completed, the development will provide 24 apartments for low to extremely-low income families earning a mere 30-60% of the County’s median income.…roughly $19,600-$56,040 a year depending on the size of the household.
Located on a former redevelopment site, these apartments will provide much needed housing for very-low income families. This two- and three-story project features 24 units distributed as follows:
It also includes an on-site property manager, elevator, laundry facility, tot lot, community garden, and community room, all wrapped in a beautiful California cottage architectural style. Construction is estimated to be complete by late spring 2018 with 100% occupancy by the end of next summer.
VCHTF applauds the many groups and individuals coming together to support this project, including the other project lenders: City of Moorpark, the partners’ equity, County HOME funds, and Union Bank..
There is a desperate need for this type of low-income family housing. For instance, the comparable Charles Street Apartments located nearby has 20 units and a waitlist of 600 households! According to 2015 census,data over 64,000 households in Ventura County earn 50% or less of the area’s median income: for example a 2-person household earning below $37,400 or a family of four earning below 47,600. But there are currently only about 11,000 of these homes available in Ventura County. The vast majority of families pay far more than prudent for rent, leaving little left for food, transportation, health and other needs.
VC Housing Trust Fund's CEO, Linda Braunschweiger, recently spoke with Charter TV Local Edition host Bella Shaw.
Support for additional affordable housing is growing in Ventura County. People are recognizing the need for smart, well-planned and affordable housing to combat the high housing costs and tight availability in this region The viability and sustainability of the economy and life-style in this County is dependent on ensuring that the labor force can also afford to live here. With the clear desire to preserve agriculture and open space, people are recognizing the need to support new creative projects within City boundaries. Please be visible in your support of this effort in your local community!
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Download article: Acorn Editorial 3-17-2017
In January 25, 2017 fifty-five guests joined with the VCHTF Board of Directors and staff to review VCHTF's 2016 year, discuss goals and plans for 2017 and beyond, and listen to Matthew Fienup, new executive director for CLU's Center for Economic Research and Forecasting.
Highlights from the meeting included:
Matthew Fienup, Exec.Dir. CLU CERF
"Ventura County's Economic Puzzle" by Matthew Fienup, CLU CERF
Use the link below to download Matthew Fienup's "Ventura County's Economic Puzzle" presentation slides (in pdf format)
VCHTF 2016 Year-in-Review
Future Plans and Goals
Use the links below to download the 2016 Annual Report and Summary of VCHTF Loans distributed at the meeting.
WE NEED YOUR SUPPORT
The 2017 Board of Directors thanks you for your continued support. For more information about the Ventura County Housing Trust Fund and how you can support the creation of more affordable housing, please contact the office or go to the "Support Us" page of this website.
CEO email: Linda@VCHousingTrustFund.org
shown above: Board Advisor Mary Ann Krause, Chair Emeritus and "Founding Mother" Dawn Dyer, 2017 Board Chair Steve Boggs, 2016 Board Chair Marni Brook, 2017 Vice-Chair Sean Morreale
Dawn Dyer, VCHTF Board Chair Emeritus and President of Dyer Sheehan Group, Inc.. was recently interviewed on the City of Camarillo City-Scene TV. This brief segment aired in December.
VCHTF will be hosting their 2017 Annual Meeting.
When: Wednesday, January 25th.
Time: 11:30 (lunch), 12:00 - 2:00 (meeting)
Where: VCCF NonProfit building. 4001 Mission Oaks Blvd. Camarillo 93012
This meeting is recommended for all elected officials, municipal employees, housing and supportive care entities, housing developers, financial institutions and others interested in increasing the supply of affordable housing in Ventura County.
The meeting will include:
Lunch will be hosted by VCHTF. In order to provide adequate seating and lunch, please RSVP your intention to come no later than 1/23.
This meeting is open to the public. You are encouraged to invite those that would be interested to know more about VCHTF and affordable housing in the County.
VCHTF is the only Countywide non-profit organization dedicated to funding new multi-family affordable housing. Ventura County continues to confront the challenges posed by a scarcity of housing, particularly affordable housing. In the last several decades, housing production in the County has lagged behind population and job growth, resulting in a housing deficit. Affordable housing production remains far below the demand.
Any questions or cancellations should be directed to Karen by text (805) 216-2235 or email (firstname.lastname@example.org).
VCHTF along with Girl Scouts #60192 is hosting a fundraiser at California Pizza Kitchen (Ventura – Pacific View Mall) all day long on Wed. August 24th. CPK is donating 20% of all proceeds to the Castillo del Sol Community-Building Basket project to be featured at the 9/22 annual event. The five baskets being compiled will support the 39 residents of the Castillo del Sol apartments, a supportive independent home for low income adults with physical, mental, developmental disabilities and other special needs.
The 4th Annual Homeownership Fair “Changing Lives Through Homeownership” will take place on Saturday, June 25th from 11:00 am – 3:00 pm at 2231 Sturgis Road, Suite A, Oxnard. This event is presented by the Ventura County Community Development Corporation and will include 25+ informational booths, food, music, kids activities, workshops, gift giveaways, and guest speakers. The family-friendly event is FREE. See www.vccdc.org for more information
Join us at the a one-night only screening of “Our Journey Home”, an award winning documentary about the real-life stories of people touched by public housing as they strive to support their families, further their education and careers, give back to their communities, and have a place to call home
Wednesday, April 20, 2016 6:30 PM
at Century 10 Downtown – Ventura (555 E Main St, Ventura)
$9.00 General admission
Reserve your ticket at: https://www.tugg.com/events/93414
Deadline: April 13th
April 11th update: Tickets are selling quickly – we have more available, so be sure to spread the word before tickets sell out!
After the film, there will be a Q&A with: