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PRESS RELEASE / ANNOUNCEMENTS Tuesday, October 4, 2016

HTF Honors Michael Towbes as ‘Workforce Housing Hero’


SANTA BARBARA, CA - The Housing Trust Fund of Santa Barbara County (HTF) www.sbhousingtrust.org is pleased to announce that Michael Towbes has received a ‘Workforce Housing Hero’ award in recognition of his significant contributions to the workforce housing needs of the Central Coast, as well his unwavering support of the mission of the Housing Trust Fund to expand affordable and workforce housing opportunities.

Michael Towbes was appointed to the Board of Directors of the Housing Trust Fund in 2004 and has served 12 years. During this time, the Housing Trust Fund has benefited from his generous community philanthropy, access to low-cost capital for the agency’s affordable housing production and workforce homebuyer programs, as well as his expertise in the fields of real estate development and banking. “One of Michael’s most invaluable contributions to the Housing Trust Fund has been his sharing of his time, experience and sound advice”, said Board Chairman Roger L. Horton.

HTF President and CEO Jennifer McGovern noted that this is the 60th Anniversary of the founding of The Towbes Group, which under Michael Towbes’ guidance has developed 6,000 residential units in Santa Barbara, San Luis Obispo and Ventura counties over the decades. Some recently completed projects that serve the local workforce include Willow Springs (235 units) and La Sumida Gardens (200 units) in Goleta and Hancock Apartments (232 units) and La Vigna Homes (1420 homes) in Santa Maria. In addition to developing workforce housing, The Towbes Group has been involved in constructing affordable housing over the years, including such familiar projects as the 104-unit SHIFCO senior citizen project on the Mesa and the 50-unit La Colina Village affordable condominiums in Santa Barbara.

“Generations of local employees and their families have benefited and will continue to benefit from his effort to increase the supply of quality residential housing. That is an incredible legacy to leave our communities and region”, said HTF CEO Jennifer McGovern.

Left to right: Board members Roger L. Horton, Chairman, Kristen Miller, Secretary, Rob Pearson, Advisory Board, Michael Towbes, CEO Jennifer McGovern, Catharine Manset Morreale, Sheryl Flores, Rob Fredericks, Treasurer, Annmarie Cameron, Advisory Board.
About the Housing Trust Fund
The Housing Trust Fund of Santa Barbara County is a nonprofit countywide financing agency whose mission is to raise financial resources to expand workforce and affordable housing opportunities for the workers and residents of Santa Barbara County. HTF works to bridge the gap between the cost of housing and what people can afford. HTF directly funds affordable housing rental and homeownership opportunities that enhance the quality of our neighborhoods and that preserve the long-term affordability of the housing for future generations of workers and residents.

HTF is governed by a volunteer Board of Directors comprised of countywide community leaders with expertise in real estate and development, banking, law, business, local government, nonprofits and affordable housing. Current Board members include:

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