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 ...

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.

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 ...