Housing Trust Fund Ventura County provides $4 million in pre-development construction loan funds

Housing Trust Fund Ventura County announced that it is providing a $4 million pre-development construction loan to kick-off the development of Rancho Sierra Senior Apartments (Rancho Sierra), to be built in an unincorporated area adjacent to the City of Camarillo. Rancho Sierra is being developed by Many Mansions with support from the Area Housing Authority of the County of Ventura to provide affordable housing solutions for low-income seniors in eastern Ventura County.

“Our board is committed to identifying and funding projects that make an impact in our community for those in serious need of safe and equitable housing,” said Linda Braunschweiger, CEO of Housing Trust Fund Ventura County. Rancho Sierra Senior Apartments will consist of 49 affordable housing units with 24 units set aside specifically for homeless seniors or those at-risk of being homeless due to mental disabilities. The site will also include a 4,200 square foot indoor community space to allow for integral services such as health screenings, library services, transportation assistance, and peer counseling for residents.

Learn more about affordable housing solutions in Ventura County at Housing Trust Fund VC’s Annual Meeting on January 26th, 2022 from 11:30 a.m. to 1:00 p.m. where it will outline it’s, “Community Promise – a commitment to positively impact people’s lives through the ongoing funding of safe and equitable homes.” During the meeting, Ray Pearl, Executive Director of the California Housing Consortium, will share a statewide perspective on the advancement of affordable housing and community development. Joining Pearl will be Moorpark City Manager and President of the International City/County Management Association (ICMA), Troy Brown, a 25-year public sector veteran who will share the federal perspective of affordable housing solutions.

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