HTF Funded Affordable Housing Moves Forward

Posted by:

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 Las Flores affordable rental project in Carpinteria sponsored by Peoples’ Self-Help Housing Corporation broke ground and construction is currently under way. HTF provided $430,000 in financing for the project that will be used during construction and rolled over into the permanent financing for the project. PSHHC also completed site improvement work for the 5-unit Los Alamos Homes self-help homeownership project in Los Alamos, using a $271,000 loan from HTF. We applaud the tremendous hard work and dedication of our community housing sponsors and are proud to play a role in helping them move their affordable projects forward to completion.

0
  Related Topics