Housing Trust Fund Ventura County (Housing Trust Fund VC) has been named as one of 29 grantees receiving funding support from Weingart Foundation through their Unrestricted Operating Support (U.O.S.) program. Housing Trust Fund VC will receive $50,000 over two years to help with capacity building in support of the Fund’s overall mission 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.
The Weingart Foundation partners with communities across Southern California to advance racial, social and economic justice for all. To achieve this mission, the Foundation’s grantmaking program is designed to strengthen the capacity and effectiveness of nonprofit organizations, collaboratives, and coalitions working to meet essential needs, expand opportunity and eliminate structural barriers to equity by building the community power required to sustain long-term prosperity. Grant recipients, such as Housing Trust Fund VC align strongly with the Foundation’s core mission.
Weingart Foundation awarded $3.5 million in grants through this round of their U.O.S. program and over the next 12 months intends to award up to $20 million in unrestricted operating support grants to core partners.
“Receiving this funding from Weingart Foundation is such an honor,” stated Linda Braunschweiger, CEO of Housing Trust Fund Ventura County. “COVID-19 is likely going to displace more people who will be looking for more affordable housing amid employment concerns. Now more than ever affordable workforce housing options are needed in our community and we remain committed to our promise that, “everyone deserves a home.”
Launched as a 501c3 nonprofit corporation in 2012, Ventura County Housing Trust Fund became Housing Trust Fund Ventura County (Housing Trust Fund VC) in July 2019. 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 January 2020, Housing Trust Fund VC has invested $9 million through its revolving loan fund, creating 365 affordable apartments and homes for very-low, low- and middle-income employees, transitional age foster youth, veterans, farm workers, and the homeless.