Housing Trust Fund Ventura County (Housing Trust Fund VC) secured regional support as four cities in the county have allocated $700,000 in funding over 2025 and 2026 toward Housing Trust Fund VC’s Revolving Loan Fund.
The four cities are Moorpark, Ventura, Fillmore and Santa Paula. The commitments are a demonstration of each city’s dedication to housing affordability for all residents in Ventura County and trust in Housing Trust Fund VC’s vision for the future of affordable housing, according to the Housing Trust Fund.
Since 2013, all 10 cities in Ventura County have pledged or contributed to Housing Trust Fund VC or its sister organization Housing Land Trust VC.
Contributions include: $200,000 from Moorpark in its 2024/25 budget; $200,000 from Ventura over two budgetary years (2024/25 and 2025/26); $100,000 from Fillmore over two years (2025/26 and 2026/27); and $200,000 from Santa Paula over the same two-year period.
In total, the $700,000 in multi-year funding signals an effort among Ventura County cities to address the region’s housing shortage, the county said.
“With housing costs outpacing incomes for many residents, local governments are recognizing the economic and social impact of investing in affordable housing development,” Housing Trust Fund VC said.
The recent financial commitments build on a broader pattern of municipal support across Ventura County, where cities are increasingly leveraging public assets, like land donations, to advance long-term affordable housing solutions.
By donating land to Housing Land Trust VC, cities are helping to eliminate one of the largest development costs, making projects more financially feasible and permanently affordable, while signaling public commitment that helps unlock further investment, the Housing Trust Fund VC reports.
In 2022, the city of Thousand Oaks committed to donate 3.87 acres of land at 384 N. Erbes Road, which will become Hillcrest Homes, 78 affordable for-sale townhomes developed by People Self-Help Housing and built by McCarthy Companies.
Similarly, the city of Oxnard contributed a parcel of land in 2021 valued at $840,000 at 241 W. Second St. for the creation of Casa de Carmen and the Navigation Center.
“We’re grateful to these cities for recognizing the role the Revolving Loan Fund plays in making affordable housing possible now and long-term through continued investment,” said Linda Braunschweiger, Housing Trust Fund VC and Housing Land Trust VC CEO.
“Their support strengthens our ability to provide early funding for developers and reflects a shared commitment to keeping Ventura County livable for all, because everyone deserves a home.”