The Housing Trust Fund of Santa Barbara County (HTF) is pleased to announce that it has received a generous $10,000 grant award from Wells Fargo. The grant will support the operations of the Housing Trust Fund of Santa Barbara County (HTF), which offers low-cost loans to developers of affordable housing countywide and also provides low-cost down payment loans up to $100,000 to help first-time low-to-middle income homebuyers purchase an entry-level home in the community where they work.
“Wells Fargo is pleased to support the Housing Trust Fund of Santa Barbara County’s outstanding work in expanding affordable housing opportunities throughout the county”, said Ernie Pineda, Central Coast region bank president. “We are committed to making better opportunities possible for residents along the Central Coast, and are proud to collaborate with organizations like HTF to build strong, sustainable communities”.
The Housing Trust Fund of Santa Barbara County operates in the 6th least affordable small metropolitan area housing market in the nation (National Association of Home Builders 2018). Over the past several years, HTF has funded over $5 million in loans to facilitate the production of 195 units of newly constructed affordable housing for low-income households and has provided $1,023,924 to help 30 first-time low to upper moderate-income homebuyers buy a home.
To learn more about the Housing Trust Fund of Santa Barbara County and our affordable housing production and homebuyer programs, please visit the Housing Trust Fund Web-site at: Housing Trust Fund
About the Housing Trust Fund
The Housing Trust Fund is a non-profit financing agency whose mission is to expand affordable rental and homeownership housing opportunities throughout Santa Barbara County for working households and our most vulnerable populations. We raise capital, design innovative housing solutions, provide technical assistance and low-cost loans to community sponsors to facilitate affordable housing production and provide homebuyer financial assistance. We fund affordable housing opportunities that enhance the quality of life and preserve the long-term affordability of the housing as a community resource.
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.