Housing Tr Fund of Santa Barbara County Inc.
Housing Tr Fund of Santa Barbara County Inc.
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About this organization
Mission
The Housing Trust Fund's mission is to provide affordable housing opportunities to low, moderate and middle income residents of Santa Barbara County.
About
The Housing Trust Fund's (HTF) primary activity is a $6.9 million revolving loan fund for affordable housing that provides low-cost loans to qualified sponsors of affordable housing that serve low-to-moderate income households. HTF provides direct loans for site acquisition, predevelopment and construction costs, and permanent gap financing for rental and homeownership projects that expand or preserve the county's affordable housing stock. HTF also provides free technical assistance to help groups: 1) determine if they have a feasible project, 2) connect them to development expertise, and 3) assist them in applying for HTF loans. HTF supports the initiation of affordable housing projects by community groups where projects might not otherwise proceed. HTF facilitates projects sponsored by experienced developers, and helps reduce project development cost. 100% of loan fund activity to date has been directed to projects that serve lower income households in Santa Barbara County earning a maximum of 80% of area median income. HTF also operates a countywide workforce homebuyer program that provides deferred payment or low-cost interest-only down payment loans to first-time low, moderate and middle-income homebuyers.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “The housing trust fund helps maintain the socio-economic fabric of santa barbara county by supporting the fundamental building block of sustainable communities-affordable housing. housing trust fund creates innovative partnerships and new sources of revenue dedicated to expanding housing opportunities for low, moderate and middle income residents. housing trust fund funds affordable housing opportunities that enhance the quality of life and preserve the affordability of housing for future generations.”.
When detailing its functions, they were listed as: “The housing trust fund's mission is to provide affordable housing opportunities to low, moderate and middle income residents of santa barbara county.”.
- According to the law, the state where the non-profit operates has been reported as CA.
- The filing specifies that the non-profit's address in 2020 was PO BOX 60909, SANTA BARBARA, CA, 931600909.
- As of 2020, the non-profit's form shows they have a total of 2 employees.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $6,268.
- The organization has 8 independent voting members.
- The organization was formed in 2002.
- The organization pays $215,068 in salary, compensation, and benefits to its employees.
- The organization pays $6,906 in fundraising expenses.