Ventura County’s New Affordable Housing Loan

Ventura County just launched a game-changing Residual Receipts Loan Fund to turbocharge affordable housing — think 15-18 year loans for experienced developers building homes for low-income families, with repayment tied to actual cash flow, not rigid schedules. Designed to boost Low-Income Housing Tax Credit applications, this local “soft financing” could be the key difference between getting funded or not. Projects must be new construction in Ventura County, serve households earning up to 80% of AMI, and stay affordable for 30+ years — applications close July 2nd at 5 PM. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4de3c0dd3fb15a69