The County shall continue to support the efforts of the Housing Trust Fund Ventura County, a local nonprofit organization that provides short term, acquisition and pre-development funding to developers of affordable housing. In addition, the County will coordinate with local agencies and community stakeholders on the creation of a countywide dedicated source of funding for housing.
In June 2020, the County Board of Supervisors approved $300,000 in General Funds to be contributed to the Housing Trust Fund of Ventura County, $100,000 per year over three years (FYs 2020-2023). Additionally, approximately $1 million in PLHA funding to the VC Housing Trust Fund has been approved and is anticipated to be distributed over three years (FY2021-2024). In implementing this program, the Housing Trust Fund of Ventura County has the opportunity to match this funding dollar for dollar under HCD’s Local Housing Trust Fund program. These funds may be utilized countywide.
TIMEFRAME AS CERTIFIED BY THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
By 2025, the County will consider dedication of additional funds