Ventura County Housing Trust Fund
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2018 Annual meeting jan. 25

1/26/2018

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We hosted our Annual Meeting on Thursday, January 25, 2018. The meeting was well-attended by 70 guests including 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 included a discussion about:
  • Impact of recent state and federal housing legislation and affordable housing issues expected in 2018; by Paul Beesemyer, California Housing Partnership, Southern California Director. Highlights of his comments can be viewed with this link: pbeesemyerexcerpt.pdf
  • VCHTF 2017 year-in-review and 2018 plans and goals by CEO Linda Braunschweiger and Steve Boggs, 2017 Board Chair
  • Election of 2018 Board and VCHTF regular business meeting
  • New Office Reception, graciously sponsored by the Ventura Investment Group, and Ribbon-cutting ceremony by the Camarillo Chamber of Commerce. ​
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ABOUT  THE KEYNOTE SPEAKER
Paul Beesemyer joined California Housing Partnership in 2000. As the Southern California Program Director he assists the region's nonprofit housing community and public agencies in the areas of affordable housing finance, real estate development, preservation of at-risk housing, and general housing policy. 
 
His career in housing began in 1996 and since then he has conducted numerous seminars and training and authored several publications, including The Tax Credit Turns Fifteen, a risk analysis of California's early Tax Credit portfolio. In addition, Paul has worked with the City of Los Angeles Housing Department to develop a comprehensive policy for the preservation of at-risk housing and has advised the City on the creation and implementation of a new preservation ordinance. 
 
Prior to joining CHPC, Paul developed affordable housing as senior project manager for the Los Angeles Community Design Center, where he managed affordable housing and community development projects serving families, seniors, and various special-needs populations. He is knowledgeable in the use of a wide range of community development financing tools, including Low Income Housing Tax Credits, tax-exempt bond financing, and a variety of public funding programs administered at the local, state, and Federal levels. Paul received a Bachelor of Arts in Landscape Architecture from the University of California, Berkeley.




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ABOUT THE CALIFORNIA HOUSING PARTNERSHIP
The mission of the California Housing Partnership Corporation (CHPC) is to assist nonprofit and government housing agencies to create and preserve housing affordable to lower-income households, while providing leadership on housing preservation policy and funding. 

The State Legislature created the California Housing Partnership in 1988 to help preserve California's existing supply of affordable homes and to provide leadership on affordable housing policy and resource issues. It is unique in combining on-the-ground technical assistance with advocacy leadership at the state and national level. Since then, the CHPC has worked with fellow affordable housing creators and preservers statewide to ensure that low-income Californians have the opportunity to live in a home that fosters a healthy, productive life. In partnership with nonprofit and government housing agencies, CHPC provides the expertise, technical assistance, and advocacy leadership necessary to create and preserve homes affordable to those with the fewest housing choices.
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Thomas Fire ... what's next

12/11/2017

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Listen to this 30-min pod cast about the effect and impact of the Thomas Fire. Includes comments by Ventura architect Nick Deitch of Main Street Architects and Linda Braunschweiger, CEO of VCHTF.
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Oxnard, Fillmore, Port Hueneme become investment partners

11/7/2017

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Three new Ventura County cities have become municipal investors in VCHTF by contributing to our Revolving Loan Fund. These cities are now able to receive priority funding when loan applications in those jurisdictions are being underwritten. The cities are demonstrating their support for the needs of the people who live and/or work in their community. Participation in VCHTF also assists with the cities with meeting their Housing Element requirements and obtaining credits for the creation of affordable housing.

VCHTF welcomes:

City of Oxnard: In June 2017 Oxnard contributed an investment of $200,000. We appreciate Mayor Tim Flynn, Council-members Carmen Ramirez, Bryan MacDonald, Oscar Madrigal, Bert Perello, City Manager Greg Nyhoff, Assistant City Manager Ruth Osuna and Housing Director Arturo Casillas for their vote of confidence and efforts. VCHTF recently approved a $500,000 loan to Habitat for Humanity to construct 6 low-income, deed-restricted, for-sale, single-family homes in Oxnard. We are currently reviewing another loan application for farm-worker and special needs housing in Oxnard.

City of Fillmore: In July 2017 Fillmore invested $50,000 to VCHTF. Thank you to Mayor Carrie Broggie, Council-members Manuel Minjares, Diane McCall, Mark Austin, Tim Holmgren, and City Manager David Rowlands for their commitment to affordable housing and VCHTF. We look forward to helping fund a project in Fillmore.

City of Camarillo: In September, the City of Camarillo renewed their support for VCHTF by providing an additional $50,000 investment. In 2012, Camarillo was one of the first 5 cities to support VCHTF with a $100,000 contribution. Assistant Community Development Director David Moe currently serves on the VCHTF Board of Directors. Much appreciation to City Manager Dave Norman, Community Development Director Joe Vacca, Mayor Jan MacDonald and Council-members Charlotte Craven, Mike Morgan, Kevin Kildee and Tony Trembly for their continued support and confidence.
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City of Port Hueneme: On Nov. 6, 2017, the City Council voted to make a $50,000 investment to VCHTF in support of affordable housing. Mayor Pro-tem Sylvia Munoz Schnopp, Council-members Jonathan Sharkey, Will Berg, and City Manager Rod Butler were instrumental in securing this donation and we appreciate their support. We anticipate in the near future being able to help fund additional affordable housing in the City.
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Habitat for Humanity breaks ground on Oxnard project

8/29/2017

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This six-home single-family housing project is Ventura County Housing Trust Fund's most recent loan. We will be providing $500,000 toward construction costs at an 18-month term. This loan marks our first project with Habitat for Humanity, our first loan for single-family homes, and our first non-rental low-income housing project.

From a VC Star article published 8-24-2017 by Wendy Leung
http://www.vcstar.com/story/news/2017/08/24/habitat-humanity-receives-health-care-grant-breaks-ground-oxnard-project/595365001/

Next summer six families will move into brand new homes they helped build in Oxnard's neighborhood of La Colonia. But the celebration of the six-home Habitat for Humanity project begins Saturday. Officials have invited the community to join the selected families in a groundbreaking ceremony at 9 a.m. at the project site, 125 N. Hayes Avenue.

The two- and three-bedroom homes are affordable units, costing the families less than $250,000. "In Ventura County, overall, there's a tremendous need for affordable housing," said Steve Dwyer, executive director of Habitat for Humanity of Ventura County. "Our mission is to provide safe, decent, affordable homes for purchase." 

The $1.8 million project has been subsidized through partnerships with agencies like Gold Coast Health Plan, which donated $75,000 for the project. The grant is part of a Community Health Investments program that supports improvements to health care access, food security and neighborhood environments.

A housing nonprofit such as Habitat for Humanity may not be a traditional partner for health care agencies but that is starting to change, said Dale Villani, chief executive officer of Gold Coast Health Plan, a public agency serving Ventura County Medi-Cal members. "There's a fair number of homeless people in Ventura County and many of them are actual members of Gold Coast Health Plan," Villani said. "We like our members to have safe and healthy homes to live in."

Villani said there are many factors in determining a person's health and they include a healthy living environment. "Health care is really looking at the whole person," he said.

The health plan grant, totaling $1.5 million, was awarded to 16 local organizations including FOOD Share, Brain Injury Center of Ventura County and Mixteco Indigena Community Organizing Project. There were 23 groups that applied for the grant.

"We were very pleased to see a company with the presence of Gold Coast clearly making that link between investing in the health of a family to improving the community over time," Dwyer said.

The La Colonia project also received support from the city of Oxnard, Department of Housing and Urban Development, St. Maximilian Kolbe Catholic Church, West Coast Air Conditioning, Ventura County Community Development Corporation and Ventura County Housing Trust Fund.   
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Fundraiser to support affordable housing for ag workers

8/8/2017

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VC Star, published Aug. 6, 2017
Tyler Hersko, Tyler.Hersko@vcstar.com, 805-437-0312
Link to full article on VC Star site
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Several of Ventura County’s leading advocates of affordable housing will gather for a public fundraising event focused on farmworker housing Sept. 21 at the Camarillo Ranch.

The event, titled Housing Our Agricultural Workforce and hosted by the Ventura County Housing Trust Fund, will include beer, wine, entertainment, a silent auction, a locally sourced dinner provided by Tim Kilcoyne, owner of Scratch Food Truck, and several guest speakers.

Funds raised at the event will be used to create new affordable housing throughout the county. Speakers will discuss the importance of supporting affordable housing for the county’s agricultural workers.

Fundraisers such as Housing Our Agricultural Workforce help support the county’s farming community, which is a crucial component of the region’s economy, according to Linda Braunschweiger, CEO of the Ventura County Housing Trust Fund.

Agriculture is such a big economic benefit to our county, and if we cannot provide a labor force to work in our fields, we lose billions of dollars,” Braunschweiger said in an interview. “Residents need to understand that Ventura County’s beauty and economic future is hinged on its ag community. In order to sustain that, we need to have the labor force available, and they need good housing.”


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A lack of affordable housing is strangling county's economy

7/17/2017

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Link to VC Star for Full Article
VC Star, published July 6, 2017; Tyler Hersko , Tyler.Hersko@vcstar.com, 805-437-0312

​For Leticia Chavez, a Ventura resident and mother of two, affordable housing is not a controversial political issue, but an important factor in providing a safe environment for her family and an opportunity to be a contributing member of society.

“I used to live in a garage with my family,” Chavez, 49, said. “Now, instead of sleeping on a couch, each of my daughters has their own room and I can provide a safer, better standard of living for my family. It’s a priority to have dignified, safe housing for our community.”

Chavez is one of approximately 248 tenants in Ventura’s Azahar Place Apartments, a complex that dedicates 60 of its housing units to low-income families and farmworkers. The property, managed by Cabrillo Economic Development Corporation, which advocates for and provides affordable housing initiatives, allows individuals such as Chavez to raise their families in a clean and affordable community. Chavez has lived in the Azahar Place Apartments since it opened five years ago and noted that without the property’s affordable rent, her family would be forced to live in substandard and unsafe housing such as garages.

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Newly funded - walnut street apt. in moorpark!

4/17/2017

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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.

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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:
  • 1 one-bedroom unit at 608 square feet,
  • 15 two-bedroom units at 838 square feet, and
  • 8 three-bedroom units at 1041-1195 square feet
 
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.

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CEO interview on charter local edition

4/17/2017

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VC Housing Trust Fund's CEO, Linda Braunschweiger, recently spoke with Charter TV Local Edition host Bella Shaw.
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editorials support affordable housing

3/22/2017

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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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by Editorial staff @ Ventura County Star. Download: VC Star 4-16-2017

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Download article: Acorn Editorial 3-10-2017

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Download article: Acorn Editorial 3-17-2017
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Annual meeting recap

2/2/2017

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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
  • Job growth is still below pre-recession levels; since 2013 the VC economy is acting radically different from other counties and the State.
  • The County is losing high-pay jobs in the finance, construction, manufacturing sectors.
  • Job growth is predominately low-pay sectors (hospitality, service, education, health service) with low economic value.
  • There is a net migration out of the County; population growth is near zero and thus the local labor force is declining.
  • Housing prices, both for-purchase and rentals, continue to soar. Rental vacancy remains very low.
  • VC's housing and job conundrum has a significant impact on traffic: commuting out of County for higher wage jobs, and commuting into the County from lower-housing-price areas.
  • Imposed growth restrictions explain much of the current economic situation by artificially affecting land values and home prices, reducing aggregate welfare, and increasing income segregation.

Use the link below to download Matthew Fienup's "Ventura County's Economic Puzzle" presentation slides (in pdf format)

vcs_economic_puzzle-converted.pdf
File Size: 474 kb
File Type: pdf
Download File

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VCHTF 2016 Year-in-Review
  • In 2016 VCHTF funded 3 new loans for a total of 135 new affordable housing units since 2013 with the approval of an additional $1.6M to be funded in early 2017, completing our requirements under the State HCD grant.
  • VCHTF became a State certified Community Development Financial Institution under the COIN program (California Organized Investment Network) and will be pursuing Federal CDFI designation.
  • 2016 saw the grand opening of two projects: Oakwood Court - low-income senior living in Santa Paula, and Castillo del Sol in Ventura for people with special-needs. 

Future Plans and Goals
  • VCHTF is exploring ways to create a local dedicated source of funds for affordable housing.
  • VCHTF continues efforts to bring the cities of Oxnard, Port Hueneme, Ojai, and Fillmore on-board as contributing loan fund partners.
  • Responsibilities were transferred to the 2017 Board with Steve Boggs as the new Chair. Appreciation was expressed for outgoing Chair Marni Brook.
  • We continue to review our products and services to maximize our positive impact on affordable housing.
  • Ways to support VCHTF and affordable housing in Ventura County was discussed.

Use the links below to download the 2016 Annual Report and Summary of VCHTF Loans distributed at the meeting.
2016_annualreport-bypage.pdf
File Size: 875 kb
File Type: pdf
Download File

Summary of VCHTF Loans (Excel)
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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.

(805) 330-6987
CEO email: Linda@VCHousingTrustFund.org
http://www.vchousingtrustfund.org/support-us.html

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

2017 VCHTF Board of Directors (Word file)
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Ventura County Housing Trust Fund
360 Mobil Avenue, Suite 213A
Camarillo, CA 93010
(805) 384-1144
501 c3 #45-3191747
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