Housing Trust Fund Ventura County announces $88,000 in funding for affordable housing lending

Housing Trust Fund Ventura County (Housing Trust Fund VC) begins 2024 by announcing $88,000 in new funds for the development of affordable housing in Ventura County. The funds come in the form of $85,000 in grants from U.S. Bank, First Citizen’s Bank and PennyMac Financial Services as well as $3,000 in year-end contributions from private donors. The amount will be applied toward the increased need for affordable housing funding as the staggering need for housing continues to grow.

U.S. Bank has awarded Housing Trust Fund VC a General Operating Home Grant to assist the organization in addressing the region’s need for affordable housing. The funds are to be used entirely to increase affordable housing options for low- and moderate-income families, seniors, veterans, transitional age youth and special-needs populations throughout Ventura County in alignment with U.S. Bank’s HOME Pillar. “Every dollar we receive is an opportunity to assist in addressing one of our county’s most pressing issues,” said Linda Braunschweiger, CEO of Housing Trust Fund VC, “These funds will significantly impact the lives of county residents by creating more affordable housing choices for all.” Housing Trust Fund VC received additional support in the form of $3,000 in year-end donations to wrap up 2023.

Housing Trust Fund VC will also receive a grant of $25,000 from the First Citizen’s Bank Community Development grant. The grant is a one-time award which will be used to support affordable housing to low- to moderate-income individuals, families and communities including transitional age foster youth, veterans, farm workers, and the homeless, with the intention of promoting economic development and opportunities for revitalization and stabilization throughout the county.

PennyMac Financial Services has also approved a charitable grant request for Housing Trust Fund VC. The grant is part of the PennyMac Corporate Giving Fund in Memory of Stanford L. Kurland. The PennyMac Corporate Philanthropy Program prioritizes its giving to organizations that align with the corporation’s culture, core values, vision and philanthropic focus areas. “It was an honor to attend the 2023 Compassion Campaign to learn more about the great work that Housing Trust Fund Ventura County does,” said Kisha

Parker Croom, Managing Director, Corporate Sustainability for PennyMac. “PennyMac recognizes the positive social impact that

Housing Trust Fund is making in Ventura County, and it is our hope that this contribution will help further that impact.”

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 December 2023, Housing Trust Fund VC has committed to investing $28 million through its Revolving Loan Fund, creating 1,177 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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