Organizations Filed Purposes:
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.
THE HOUSING TRUST FUND'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO LOW, MODERATE AND MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY.
THE HOUSING TRUST FUND'S (HTF) PRIMARY ACTIVITY IS A $6.2 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.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Jennifer Mcgovern | PRESIDENT/CEO | 40 | $117,249 |
| Cody Sargeant | DIRECTOR | 1 | $0 |
| Luis Villegas | DIRECTOR | 1 | $0 |
| Sylvia Barnard | DIRECTOR | 1 | $0 |
| Michael Bennett | DIRECTOR | 1 | $0 |
| Sheryl Flores | DIRECTOR | 1 | $0 |
| Jessica Wishan | DIRECTOR | 1 | $0 |
| Rob Fredericks | BOARD TREASURER | 1 | $0 |
| Kristen Miller | BOARD SECRETARY | 1 | $0 |
| Dewayne Holmdahl | BOARD VICE CHAIRMAN | 1 | $0 |
| Roger L Horton | BOARD CHAIRMAN | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202120259349300847_public.xml