The Goleta Chamber of Commerce has announced the 2018 Goleta’s Finest Award Winners. Goleta’s Finest is a 69-year- old tradition honoring individuals whose contributions have enhanced the Goleta community.Continue Reading →
The first-time home buyers were able to purchase a single-story home in Goleta with the help of the Housing Trust Fund of Santa Barbara County, a nonprofit financing agency whose mission is to expand affordable housing opportunities for low-to-middle income residents and workers in Santa Barbara County.Continue Reading →
Thanks to the Housing Trust Fund of Santa Barbara County’s down payment assistance loans, three households are greeting 2019 from new homes.
The nonprofit organization’s South Coast Workforce Homebuyer Program, which started in early 2018, was designed to help first-time homebuyers get into an expensive market.Continue Reading →
Pacific Western Bank has generously provided HTF with a $1 million guidance line of credit for our Revolving Loan Fund. This augments our loan pool capital to $6.5 million and increases our ability to fund more affordable housing projects and a greater portion of each project’s funding needs. Pacific Western Bank joins Montecito Bank & Trust, Northern Trust NA, Rabobank, Union Bank and the Erich & Hannah Sachs Foundation in ...Continue Reading →
We are pleased to see the fruition of affordable housing developments that have received funding from the HTF Revolving Loan Fund. Construction of the 12-unit Canon Perdido Condominium self-help homeownership project sponsored by Habitat for Humanity of Southern Santa Barbara County was completed in 2014, and an opening ceremony was held to honor the proud new owner-builders of the homes. HTF provided a $750,000 construction loan for the project. In April the 43-unit Casa de ...Continue Reading →
Our goal is to raise $2.5 million in investment capital to provide 10-year interest only down payment loans up to $100,000 to help moderate to middle income workforce homebuyers in South County purchase an entry-level home. In 2014 we met with local lenders to solicit their input on the program design and discuss investment partnerships. We created a program framework that lays out the financial structure of the program, general underwriting criteria and investment options for ...Continue Reading →
HTF has received its certification as a Nonprofit Secondary Lender from the HUD Santa Ana Homeownership Center. This certification enables us to access FHA programs and Fannie Mae and Freddie Mac secondary markets and expands the number of private lenders that can work with the Housing Trust Fund to implement our Workforce Homebuyer Programs.Continue Reading →
In FY13-14 HTF funded another 18 down payment loans for low-income homebuyers in the North County communities of Santa Maria, Lompoc and Guadalupe. We have now fully deployed $846,674 in State Local Housing Trust Fund grant monies to fund a total of 28 loans to first-time homebuyers.
Our North County program offered 30-year deferred payment loans to assist low-income families in purchasing an entry-level home. 75% of the loans were made to homebuyers that purchased homes ...Continue Reading →
Housing Trust Fund Receives $5000 Grant from Pacific Western Bank for …
“We greatly appreciate Pacific Western Bank’s leadership and commitment to the affordable housing needs of our countywide working families and our most vulnerable populations,” Housing Trust Fund President/CEO Jennifer McGovern said. “Through their …
The Housing Trust Fund of Santa Barbara County would like to welcome Sheryl Flores to the Board of Directors.
Flores is currently the vice president for real estate development at Peoples’ Self-Help Housing Corporation, where she oversees all the home ownership programs.
Flores has more than 20 years of experience in business and real estate. She is a certified USDA 502 Loan Packager and has completed numerous NeighborWorks Housing Counseling Courses.
Flores joined Peoples’ Self-Help Housing in ...Continue Reading →