HTF provides funds for first time home buyers in North County Santa Barbara

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Since launching its North County Workforce Homebuyer Program in May 2012, HTF has funded 16 down payment loans for first-time working families in the North County communities of Santa Maria, Lompoc and Guadalupe.  The North County homebuyer program provides 30-year deferred payment loans up to $42,000 to assist low-income families in purchasing an entry-level home in their community.  To date, the average loan has been $30,000 with the average home acquisition price $184,000.  70% ...

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HTF provides home buyer down payment loans in Carpinteria

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The Housing Trust Fund is managing a pilot Workforce Homebuyer Down Payment Loan Program for the City of Carpinteria. The program helps bridge the homeownership affordability gap by providing 30-year deferred payment loans up to 16.5% of the home purchase price, or a maximum loan of $75,000, to assist eligible households earning up to 200% of Area Median Income, or $146,600 for a family of four, in purchasing a home within the City of ...

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HTF receives $600,000 grant award from the U.S. Treasury CDFI Fund

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In September 2013, HTF received a $600,000 capital and operating grant from the U.S. Treasury CDFI Fund.  The Community Development Financial Institutions Fund (CDFI), which provides loans and grants to increase economic opportunity and promote community development investments for underserved populations and in distressed communities in the United States, awarded $146,685,852 nationally to 148 agencies.  HTF was one of only 38 small and emerging CDFIs to receive a grant award.  HTF will use the grant as Continue Reading →

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HTF funds green rental housing in Carpinteria

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HTF made a $430,000 loan commitment to Peoples’ Self-Help Housing towards the construction and permanent financing of the Casa de Las Flores in Carpinteria. This 100% affordable multi-family project will provide 43 units of new rental housing to replace a dilapidated camper park located on Via Real in Carpinteria. The new development will include Mediterranean-style buildings arranged around garden courts with play areas, as well as a 4,300 sq. ft. community center ...

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HTF Helps Fund Low-Income Green Homes in Los Alamos

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HTF provided a site improvement loan to Peoples’ Self-Help Housing (PSHHC) to assist them in developing a scattered site 5-unit new construction family self-help homeownership project located on five lots in the rural community of Los Alamos. Los Alamos Homes will consist of two 4-bedroom homes of 1,410 sq. ft. each and three 3-bedroom homes of 1,256 sq. ft. each. The units will have a Green Building rating of 100+ as well as energy ...

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HTF Provides Funds to Habitat for Humanity

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HTF provided a $750,000 working capital and bridge-financing loan to Habitat for Humanity of Southern Santa Barbara County (HHSSBC) to enable them to start construction of the Canon Perdido Condominiums while the agency raises the rest of the development’s permanent financing. The project is a 12-unit new construction self-help homeownership project comprised of 2 one-bedroom, 8 two-bedroom and 2 three-bedroom units.  The project style is craftsman townhome, with of 18,656 square feet of residential use in ...

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