Revolving Loan Fund for Affordable Housing


Revolving Loan Fund Purpose

HTF operates a $6.7 million Revolving Loan Fund in partnership with community lenders to provide below-market interest rate loans to qualified sponsors to initiate affordable rental or homeownership housing projects. The HTF Revolving Loan Fund operates countywide and supports housing projects on both urban infill and rural sites where at least 25% of the units serve low-to-moderate income households earning between 0-120% of Area Median Income (AMI).

Eligible borrowers include:

  • Private and non-profit developers
  • Faith-based groups
  • Public agencies
  • Non-profit agencies

Loan funds can be used for:

  • Site acquisition
  • Predevelopment costs
  • Project construction
  • Bridge financing
  • Tax-credit projects
  • Permanent financing

Revolving Loan Fund Benefits

The Revolving Loan Fund for Affordable Housing facilitates affordable housing projects that otherwise might not be initiated.

Projects also benefit from savings by lowering the cost of interim and construction financing.

Additional benefits of the Revolving Loan Fund include:

  • Funds That Revolve: 
  • HTF accesses capital that is not available to individual housing sponsors. The fund provides needed seed capital that recycles to financially assist more projects.
  • Technical Assistance:
  • HTF can help community groups who wish to sponsor affordable housing by providing them technical assistance to evaluate their potential project.
  • Serving Multiple Needs:
  • The Fund assists multiple housing sponsors that serve diverse community needs in both urban and rural areas of Santa Barbara County.


Interested in Applying?


Step One

Contact HTF staff to discuss the eligibility of your project and the current availability of loan funds

Step Three

Fill out the Application For Initial Project Review

Did you know that HTF also provides workforce home buyer assistance? Click here to learn more.