How would you leverage $6,500,000 to create change in the community?

Investing $6.5 million in homes and healing

For many in Ventura County, finding a safe, affordable place to live feels out of reach—especially for those facing serious health challenges or recovering from homelessness. That’s why Housing Trust Fund Ventura County is committed to solutions that create real impact. Our latest investments are two loans totalling $6.5 million to Cabrillo Economic Development Corporation to support the development of 161 affordable homes across two new communities: Topa Vista Villas and Camino de Salud. These developments will provide stable, supportive housing for some of our most vulnerable neighbors —offering not just a roof, but a renewed sense of hope and belonging. Together, we’re building a healthier, more inclusive Ventura County—one home at a time.

Topa Vista Villas is a collaboration between Homes & Hope, Cabrillo Economic Development Corporation, and the Santa Paula Housing Authority to create 112 affordable units, with over a third dedicated to formerly unhoused individuals. We at Housing Trust Fund VC recently approved a $1,500,000 acquisition loan, which will be combined with $3,000,000 in funding from Century Housing to launch this multifamily affordable housing development.

Camino de Salud is being developed by Cabrillo Economic Development Corporation, who will receive a $5,000,000 construction loan for the development of 49 affordable units in Unincorporated Ventura County. Developments will prioritize individuals who are vulnerable due to the COVID-19 public health crisis, persons living with mental disabilities, and those who are deemed a "high-cost health user”.

Topa Vista Villas - The Santa Paula of Tomorrow

Rendering of Topa Vista Villas

The new development will be constructed on three parcels of land on West Harbor Blvd in Santa Paula. The four-story building will offer 126 parking spaces, 5,900 square feet of community space, and family-friendly amenities such as a courtyard, BBQ area, and recreational spaces for families and friends.

Topa Vista Villas will feature 28 three-bedroom units, 28 two-bedroom units, and 55 one-bedroom units reserved for households earning at or below 60% of Area Median Income (AMI), along with a three-bedroom manager’s unit. Of these, 35% of units will be reserved for formerly unhoused households earning 30% AMI or less.

Located adjacent to Teague Park, the development will be next to shopping and transit hubs, offering residents convenient access to public transportation, educational resources (including educational workshops, life skills coaching, substance abuse recovery, and coping skills development), and employment opportunities. Residents will have access to on-site support services, including case management, financial literacy workshops, a computer lab, wi-fi, and transportation subsidies for three years. Topa Vista Villas will be designed to meet GreenPoint Rated GOLD certification standards and will be fully electric. Construction is anticipated to begin in Summer 2026, with completion and occupancy slated for early 2028.

This loan was made possible by funds contributed by the CDFI Equitable Recovery Program ($757,000), and Community Impact Notes in the amounts of $259,000 from Montecito Bank and $243,251 from Community West Bank and $240,749 in returned revenue, funds that have returned to the revolving loan fund.

Camino de Salud - Affordable Housing from the Ground Up

Camino de Salud will feature 48 studio apartments and one two-bedroom manager’s unit. Upon completion, the development will serve persons who are experiencing hoamelessness or chronic homelessness and who are "high-cost health users” upon initial eligibility. Units are being allocated to those in need with 29 units dedicated to those at 30% AMI and 19 units for those at 50% AMI. Units will include a refrigerator, range, and vinyl flooring. Amenities include a community room with a kitchen, laundry facilities, private offices for one-on-one meetings, and a community garden. The complex will incorporate Braille signage and other modifications for visually and hearing-impaired residents, as well as an elevator for accessibility. The development is scheduled to be completed in June of 2027.

"Getting the opportunity to create 161 new affordable units in a community that is in desperate need is an honor that very few others get to share." says CEO, Linda Braunshweiger, "Working with Cabrillo Economic Development Corporation to help support some of the most vulnerable in our community showcases the heart and support that we have as a community in Ventura County."

From revitalizing the La Quinta Inn into 134 supportive studio apartments to breaking ground on family communities like Citrus Flats and Arrive Ventura, your support is fueling real change across Ventura County. In 2024 alone, Housing Trust Fund Ventura County has committed or funded over $14,000,000 to create lasting affordable housing for those in need.

Click below to explore the transformative developments underway and learn how we’re investing in homes—and hope—for those who need it most.

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