Center for Community Change
Housing Trust Fund Project NEWS
Kentucky Passes Housing Trust Fund Bill
KENTUCKIANS FOR THE COMMONWEALTH
Minnesota Housing Solutions Alliance Advances
Housing Trust Fund Agenda ........................................ 3
Colorado Blue Ribbon Panel Releases Report ................. 5
Philadelphia Housing Trust Fund Releases First
Request for Proposals ................................................ 7
Manassas, Virginia Housing Trust Fund Wins Award
from State SPARC Program ........................................ 8
Three Funds in California Demonstrate Innovation
Toward Housing Trust Fund Goals .............................. 9
Housing advocates support the Affordable Housing Trust Fund in Frankfort, Kentucky.
bill to provide the legislative session, lawmakers passed
Kentucky Affordable House Bill 537 by a vote of 26-
Housing Trust Fund with a 6 in the Senate and 66-26 in the
dedicated source of public funding House, committing, by conservative 2006 Housing Trust Fund Survey
has been approved by both the estimates, $4.3 million in dedicated
House and Senate and is sitting public revenue source for the
on Governor Ernie Fletcher’s desk Kentucky Affordable Housing Trust The Housing Trust Fund Project
for signature. This roller-coaster Fund. The legislation dedicates is beginning to conduct its 2006
campaign, has been championed revenue to the Fund from $6.00 of a housing trust fund survey.
by Representative Jim Wayne $12.00 increase on the county fee to
(D-Louisville) who persisted record various documents, including
If you want to be included, check
throughout to ensure passage deeds and mortgages. the list of housing trust funds at
of this bill critical to affordable www.communitychange.org. If
housing in Kentucky. The Kentucky Affordable Housing
you are not listed, please contact:
Trust Fund was created in 1993
In the last days of the 2006 firstname.lastname@example.org.
Kentucky General Assembly continued on page 2
KENTUCKY continued from page 1
to address the unmet housing • Identifying and mobilizing
needs of Kentucky’s lowest income more than 2,000 citizens supporting
households. The Fund was initially the three principles of the Affordable
funded with only $200,000 from Housing Trust Fund campaign.
proceeds of the Kentucky Derby • Achieving bipartisan,
Breakfast and matched with another bicameral support for proposed
News is published by the Housing Trust $200,000 from the Kentucky legislation every step of the way.
Fund Project of the Center for Communi- Housing Corporation. From 1998- • Generating hundreds of
ty Change. The Center for Community 2003, the Kentucky Affordable phone calls with consistent strong
Change is a national nonproﬁt which
Housing Trust Fund received excess messages to legislators every week,
helps low-income people build pow-
unclaimed lottery winnings, which from January through April 13.
erful, effective organizations through
generated $4-6 million annually. • Facilitating effective,
which they can change their communi-
ties and public policies for the better.
These funds were then diverted persuasive face-to-face meetings
to other state needs. For the last between homeless individuals, poor
The Housing Trust Fund Project operates several years, the state fund has people, advocates, businesspersons,
as a clearinghouse of information on received only about $2.5 million in and other concerned citizens, and
housing trust funds throughout the coun- appropriations from the General their lawmakers.
try and provides technical assistance to Revenue budget and $500,000 from • Convening two rallies
organizations and agencies working to the Kentucky Housing Corporation. attended by 350 people.
create and implement these funds. Housing advocates have been eager • Receiving extensive press
to secure dedicated public revenue coverage: three strong editorials in
For more information or to request tech- to sustain the fund. the Louisville Courier-Journal; four
nical assistance, please contact:
news articles; and two editorials in
The passage of HB 537 is a huge the Lexington Herald-Leader, as
Mary E. Brooks
victory for housing advocates in well as many letters to the editors in
Housing Trust Fund Project
1113 Cougar Court
Kentucky and will greatly enhance papers throughout Kentucky.
Frazier Park, CA 93225 the state’s ability to address critical • Building and sustaining
Tel: 661-245-0318 housing needs. In addition, the ﬁnal the Housing Action Team for long-
Fax: 661-245-2518 version of the budget speciﬁed that term grassroots mobilization around
email@example.com the Kentucky Housing Corporation affordable housing and other related
will continue to contribute $500,000 justice issues.
to the Fund. In total, the Affordable
Visit our website at: Housing Trust Fund will receive Housing advocates kept the pressure
www.communitychange.org nearly $2 million a year more, as a on through the ﬁnal days of the
very conservative estimate. session and created an urgency for
the House and Senate to ﬁnd a way
A diverse, committed, and informed to pass a version of the proposed
coalition of Louisville and Kentucky legislation.
persistently stayed on message for
a campaign to secure dedicated Groups involved included: AARP,
FUNDING public revenues for the Kentucky Catholic Charities, CLOUT,
Affordable Housing Trust Fund. Coalition for the Homeless, the
Publications are Fairness Campaign, Homeless
funded by a grant State-wide advocacy groups, faith- and Housing Coalition of
from the based groups, businesses, non- Kentucky, Kentuckians for the
Fannie Mae Foundation. proﬁt organizations and citizens Commonwealth, Kentucky Alliance
demonstrated their power by:
continued on page 12
Minnesota Housing Solutions Alliance
Advances Housing Trust Fund Agenda
he Housing Solutions among three programs: and grants for workforce housing.
Alliance of Minnesota has • 42% of the funds would At least 40% of the funds would
made signiﬁcant progress go the Minnesota Housing Trust be spent in Greater Minnesota and
this legislative session in seeking Fund for rental assistance programs, another 40% would be committed
dedicated revenues to support both tenant- and project-based. to homeownership. The Challenge
affordable housing throughout the • 33% of the funds would Fund contains a local match
state. The Housing Solutions Act go to the Challenge Fund for requirement to encourage leveraging
proposes an increase in the state’s workforce housing. of private resources.
deed tax that could raise as much as • 25% of the funds would
$69 million each year. go to the new Housing Account The new Housing Account for
for Leverage Opportunity (HALO) Leverage Opportunity (HALO)
The resources raised through the local incentive fund. Local Incentive Fund would assist
dedicated funds would be split renters at or below 60% of the area
The Housing median income and homeowners at
Trust Fund would or below 115% of the area median
be administered income. The estimated $17 million
GREATER MINNESOTA HOUSING FUND
by the Minnesota from the new revenues would be
Housing Finance matched dollar for dollar with
Agency. An locally raised investment to meet
estimated $29 local housing needs. Up to $1
million a year million would be available each year
would support for participating jurisdictions. A
rental assistance local jurisdiction would be required
for low and to raise at least $50,000 to qualify
extremely for state matching funds. Again,
low-income at least 40% of the funds would be
households and committed to Greater Minnesota
is viewed as a key communities. The HALO Fund is
component of the seen as an opportunity to support
Governor’s plan local housing priorities.
to end long-term
homelessness. Housing programs in Minnesota
have been under ﬁre in recent years
The Challenge as signiﬁcant budget cuts were made
Fund is currently to help compensate for the state’s
administered by budget deﬁcit. Appropriations
the Minnesota for affordable housing reached an
Housing Finance all-time high in 2000-2001 with
Agency. An $173 million for the biennium.
estimated $23 Appropriations have been scaled
million would back to $70 million for the 2006-
double the 2007 biennium.
Heritage Greens in Cambridge, Minnesota integrates 292 mixed-income continued on page 4
housing units with open green space and commercial land uses.
MINNESOTA continued from page 3
In the face of these cuts, the the legislation be fully pursued most unfavorable factor in the
Housing Solutions Alliance formed during the 2007 legislative session. “community cost of doing business.”
with the purpose of securing For the current median home Currently 297,000 low-income
dedicated funding for a range of value in Minnesota ($225,260) the households are paying excessive
housing opportunities in Minnesota. proposed surcharge would add amounts of their income for
The Housing Solutions Act is their another $340 to closing costs. housing.
priority for the 2006/2007 legislative
session. The Alliance has gained Housing advocates recognized that The Greater Minnesota Housing
more than 100 organizational opposition would be forthcoming, Fund reports that a $10,000 gap
supporters from across the state. but support has been more evident. loan provided by the state yields
A group of realtors (REAL--Real an immediate return to the state
More than ninety supporters have Estate Professionals Advocating of $11,438 through sales tax on
endorsed the campaign and include: Liberal Values) have argued, materials, income tax for the
Common Bond, Greater Minnesota in support of the proposal, “a workers building the home, and the
Housing Fund, Hennepin slight increase in the closing mortgage registry and deed tax.
County/Minneapolis Community costs of selling a home will go
Advisory Board on Homelessness, largely unnoticed and the affect The Director for Ending Long-
HOME Line, Minnesota Housing of decreasing homelessness and Term Homelessness, reported
Partnership/HousingMinnesota, affordable housing assistance will that “we expect access to ongoing
Minnesota Land Trust Coalition, have a positive affect on our overall rental assistance to be a particular
and the list is growing each day. housing market health. It is a clever challenge.” More than 8,600 people
way to ask those of us who can are homeless on any given night in
The Alliance had a positive hearing afford a home to help those who Minnesota. The Governor’s plan to
in the House Jobs and Economic cannot.” end long-term homelessness calls
Opportunity Committee. The for $100 million in rental assistance
Housing Solutions Act passed the In a study done in 2001, it was through 2010.
Senate Jobs, Energy and Com- found that each dollar of subsidy
munity Development Committee investment or workforce housing Passage of the Housing Solutions
and had a positive vote in the Senate would stimulate a net gain of $8.13 Act would be a huge step toward
Tax Committee. It is intended that in economic beneﬁt to the entire guaranteeing that all Minnesotans
Twin Cities region would have decent, safe, and
over the next 15 affordable housing.
fold return. Contact: Rachel Callanan, Housing Solutions Alliance, 122 West
Housing Solutions Alliance Steering Committee Members Franklin Avenue, Suite 306, Minneapolis, MN 55404 (612-870-
Minnesota Coalition for the Homeless Evidence of 7073).
Metropolitan Interfaith Council on Affordable Housing the need for
Corporation for Supportive Housing the Housing
HOME Line Solutions Act is
Family & Children’s Service overwhelming.
St. Paul Area Coalition for the Homeless The Minnesota
Lutheran Social Service of Minnesota State Chamber
Minnesota Senior Federation of Commerce
Central Community Housing Trust members ranked
Battered Women’s Legal Advocacy Project
Minnesota Coalition for Battered Women
as the second
Colorado Blue Ribbon Panel Releases Report
COLORADO BLUE RIBBON REPORT
he Colorado Housing and reduce barriers to affordable
Investment Coalition now housing?
has the recommendation • How can the public,
of the state’s Blue Ribbon Panel private, and nonproﬁt sectors
on Housing to create a housing best work together to ensure
trust fund as support for their that Colorado is able to meet its
campaign. The report recommends: workforce housing needs now and in
“Provide new permanent and the future?
reliable funding sources for the • How can communities
acquisition, production, and achieve optimal housing mix and
preservation of affordable housing.” housing balance?
This recommendation will help
open the door for the Housing The Panel’s principal
Investment Fund proposed by the recommendations for meeting
Colorado Housing Investment Fund Colorado’s housing challenges are
Coalition. divided into ﬁve categories: (1)
meeting the neighbors: strategic
In October 2004, the University of partners; (2) pulling back the
Denver, the Rocky Mountain Land curtains: expanding data collection
Use Institute, and the Colorado and delivery; (3) opening the
Division of Housing established doors: improving access to housing
the Colorado Blue Ribbon Panel services; (4) show me the money:
on Housing. The Panel reﬂected ﬁnancing housing needs; and (5)
a broad cross-section of private, raising the roof: policy development.
public and nonproﬁt organizations
involved in housing and community The report both recommends
development in Colorado. Their restoring funding to 2002 levels
mission was to explore and of $4.6 million for housing
recommend ways to meet Colorado’s development grant funds, as well as
housing challenges. suggesting that a new permanent
and reliable funding source for
The Panel met for more than the acquisition, production, and
thirteen months and met with local preservation of affordable housing
advisory groups on housing from be established. The report also housing ﬁnance and build agreement
six regions across Colorado and recommends that housing funds be among public, private and nonproﬁt
with experts on a variety of public used effectively to leverage funds organizations to secure additional
policy issues. The Panel posed four from other sources. funds and raise the proﬁle of
questions: affordable housing needs.
With regard to the proposed
• How is housing housing trust fund, the Panel The Panel concluded that new
affordability important to considered a wide variety of funding reliable and adequate funding
the infrastructure, economic sources for affordable housing sources to deal with Colorado’s
development, and workforce and recommends the creation of many housing challenges must be
development needs in Colorado? a Housing Finance Task Force. secured. While numerous different
• What are the best and The Housing Finance Task Force funding sources may be necessary
most cost-efﬁcient housing tools will continue to meet to devise a
to facilitate cooperative efforts short-term and long-term plan for continued on page 6
COLORADO continued from page 5
Investment Fund initiative. A
Colorado Legislative Task Force on “It became crystal clear through this
to address the need, the Panel Affordable Housing released a report
acknowledges that the housing which included a recommendation process that housing and economic
community needs to commit itself supporting the concept of a state vitality are inextricably linked. We
to forming broad partnerships housing trust fund. In late 2002, the embarked on this process because
that can address the funding needs Coalition released its study on the
in the long term. The Panel did economic impacts of a state housing
communities around Colorado are
not reach a consensus on a single trust fund and its study of potential dealing with enormous challenges
adequate funding source to pursue. revenue sources. of teachers, ﬁreﬁghters, bank tellers
Essentially, the Housing Finance and others who are unable to afford
Task Force will continue this effort. The Coalition developed its strategic
plan in 2003 and identiﬁed the to live in the communities in which
The Panel’s activities open another documentary fee as a funding source. they work. Housing is one of the
door for the Colorado Housing The Coalition also decided it was key factors in economic vitality and is
Investment Fund Coalition. The strategically important to develop
Colorado state Housing Investment a relationship with the Division of
necessary for the overall well-being of
Fund campaign began in 2001 Housing. The Blue Ribbon Panel our communities.”
and a proposal for a $100 million was formed as a way to move the -- Kathi Williams, Executive
state fund was introduced in the housing trust fund concept forward Director, Colorado Division of Housing
legislature, but died in committee. and to bring more key stakeholders
That year, a coalition of more than to the table. The Panel held seven and Co-chair of the Blue Ribbon Panel.
35 organizations was formed to workshops throughout the state.
pursue the fund. The Coalition,
through the work of committees, Because a dedicated public funding series of regional town hall meetings
completed its proposal for a source requires a ballot initiative, the to further the reach of affordable
statewide housing investment fund. coalition decided to pursue creating housing discussions. The Colorado
And in 2002, the Coalition expanded the structure for the fund in 2005 Housing Investment Fund Coalition
its ranks and created the 1000 and the funding source in 2006. will participate in each of these
Friends of the Colorado Housing Legislation introduced to create the as part of their effort to expand
Home Investment support for the proposed fund.
Fund was passed These meetings are an opportunity
by the legislature, to invite local leaders and board
COLORADO HOUSING INVESTMENT FUND COALITION
but vetoed by the members to discuss affordable
Governor. housing needs and an opportunity
for coalition supporters to point
The Blue Ribbon out the importance of ﬂexible state
Report provides ﬁnancing to invest in affordable
an opportunity to housing in the state.
explore the potential
for dedicated The regional meetings are scheduled
public revenue and for Grand Junction, Fort Morgan,
create consensus to Windsor, Pueblo, Colorado Springs,
move the proposed Durango, La Junta, Vail, and
Housing Investment Denver, through the summer of
Fund forward. 2006.
The Blue Ribbon Contact: Kimberly Sternberg, Colorado Housing Investment Fund
Panel on Housing Coalition, P.O. Box 9610, Denver, CO 80209 (970-988-1349)
is now conducting a www.colohousingfund.org or www.ahsfc.org.
Philadelphia Housing Trust Fund Releases
First Request for Proposals
he Philadelphia Housing Pradera “The
Meadows” Phase 1 is
Trust Fund has just
a 50-unit homeown-
released its ﬁrst Request ership initiative in
for Proposals for $6 million in Philadelphia targeted to
available funds. The funds will persons whose income is
at or below 80% of the
support the development of rental median income and who
and homeownership housing. are ﬁrst-time homebuy-
Priority for funding will be given ers. The developer,
to projects that are ready to go and Asociación de Puertor-
riqueños en Marcha
can spend funding upon approval. (APM) has just begun
The City expects to issue an annual Phase 2.
RFP, prepared in cooperation with
the Housing Trust Fund Oversight
Board. released the Request for Proposals. of Housing and Neighborhood
The Housing Trust Fund’s goals Preservation for funding.
The two year campaign by are to increase the availability of Projects seeking assistance must
housing advocates in Philadelphia affordable and accessible housing meet a series of legal requirements,
culminated in the creation of the through the production of including:
Philadelphia Housing Trust Fund affordable housing, the creation of • Development by a
last summer [see Housing Trust accessible and visitable housing, the nonproﬁt organization or a joint
Fund Project News Summer 2005]. preservation of existing affordable venture;
The very effective Housing Trust housing, and the prevention of • Adherence to the Equal
Fund Coalition was successful homelessness. Opportunity/Afﬁrmative Action
in amending Act 137 in the state Requirements and OHCD Policies;
legislature to enable Philadelphia The $6 million available in ﬁscal • Meeting accessibility and
to increase its document recording year 2006 through this request for visitability requirements;
fee and passing the housing trust proposals is allocated as: • Ensuring households pay
fund ordinance unanimously in the • $1 million to no more than 30% of their income
Philadelphia City Council. support neighborhood-based for housing; and
homeownership; • Serving households with
The Trust Fund is expected to • $1 million to support new a maximum income of 115% of area
provide $15 million a year of new construction homeownership; and median income.
funding to address the housing • $4 million to support
needs of Philadelphia’s residents neighborhood-based rental housing, The Housing Trust Fund requires
and spur equitable neighborhood including internal rent subsidies to that half of all program funds, on a
revitalization. Each year, the fund ensure affordability. yearly basis, be used for programs
could create as many as 275 units of and projects that beneﬁt households
affordable housing, assist more than Proposals received will be reviewed with incomes equal to or less than
900 homeowners with home repairs, by an interagency committee of 30% of the Philadelphia area median
and prevent nearly 1,000 families representatives from the Ofﬁce income.
from becoming homeless. of Housing and Community
Development, the Redevelopment Contact: Rick Sauer, Philadelphia Association of Community
The Ofﬁce of Housing and Authority, and the City Planning Development Corporations, 1315 Walnut Street, Suite 1600,
Community Development Commission. The committee will Philadelphia, PA 19107 (215-732-5829) www.pacdc.org.
administers the trust fund and recommend projects to the Secretary
Manassas, Virginia Housing Trust Fund
Wins Award from State SPARC Program
anassas, Virginia has had provides SPARC allocations for to ﬁnance existing properties in
a housing trust fund since home loans to potential homebuyers the City. The Housing Trust also
1992. The Manassas through local governments, provides ﬁnancial and budgeting
Housing Trust Fund was established nonproﬁt organizations, developers education programs, and pre- and
to assist low to moderate- and redevelopment and housing post- homeownership counseling.
income families in the Manassas authorities. The recipient Preference is given to households
community who are unable to organizations then combine a variety who live or work in the City of
meet housing needs on their own. of local, state and federal loan and Manassas with annual incomes
This community of around 35,000 grant programs to provide ﬁnancing that do not exceed 80% of the area
in population has carved out a options that meet the needs of median income.
homeownership assistance program buyers in their speciﬁc communities.
that only assists a few families a The allocations are generally at The assistance is in the form of
year. Nonetheless, the program an interest rate of one-half to one a deferred second trust loan for
makes an important contribution to percent below VHDA’s rate for ﬁrst- ten years. The property must be
the housing opportunities available time homebuyer programs. owner-occupied for the ten-year
within the City. affordability period. The Manassas
The Virginia Housing Development Housing Trust Fund utilizes an
Important enough, in fact, that the Authority has awarded more application and review process to
Manassas Housing Trust Fund was than $498 million to housing determine eligibility.
one of nine programs in northern organizations to encourage
Virginia to receive a grant from the homeownership throughout Virginia The borrower is required to have a
Virginia Sponsoring Partnership since the program was created ﬁve minimum of personal funds invested
and Revitalizing Communities years ago. in the purchase transaction. The
(SPARC) program. The Virginia seller pays a processing fee to the
Housing Development Authority The SPARC Program is part of The Manassas Housing Trust Fund. The
Virginia Housing Fund total amount of the loan is due upon
created in 1986. The sale of the property. Applicants
Fund is leveraged with must also be ﬁrst-time homebuyers
VHDC program funds and must be willing to participate in
and other sources. The the program’s counseling services.
CITY OF MANASSAS
SPARC Program has
both a homeownership Contact: Manassas Housing Trust, City of Manassas Department
loan program and a rental of Social Services, 8955 Center Street, Manassas, VA 20110
version of the program. (703-361-8277 ext. 2326).
The Manassas Housing
Trust Fund received $1.5
million from the SPARC
program early in 2006.
The funds will be used to
support downpayment and
closing cost assistance, as
well as second mortgages,
Three Funds in California Demonstrate Innovation
Toward Housing Trust Fund Goals
Editor’s Note: The California constitution requires a 2/3 vote of the public in order to allow an increase in a tax committed to a
speciﬁc purpose. As a consequence, California communities have relied heavily on developer fees to fund local housing trust funds.
When California passed Proposition 46 in 2002, committing $2.1 billion dollars to affordable housing programs, $25 million was
set aside as matching funds for local housing trust funds. This has generated considerable interest in housing trust funds throughout
the state. In the Winter 2006 Housing Trust Fund News, the Housing Trust of Santa Clara County was proﬁled. In the next issue,
the innovative work of advocates in Contra Costa County will be highlighted. Here, are three funds that have not yet secured dedi-
cated public funding, but are setting the stage by demonstrating what can be done with local funds, to ensure success in the future.
HOUSING TRUST FUND OF SANTA BARBARA COUNTY
HOUSING TRUST FUND OF SANTA BARBARA COUNTY
he Housing Trust Fund of & Trust, Mid-State Bank & Trust.
Santa Barbara County was The initial $2 million enabled the
established in 2003 as an innovative Fund to establish a Revolving Loan
model for raising private, nonproﬁt, Fund last spring to help ﬁnance
and public resources to support affordable housing. In September,
affordable housing throughout the Housing Trust Fund completed
the County. The fund is unique its ﬁrst loan of $1 million to support
to Santa Barbara County as a the 62-unit El Carrillo project
private, nonproﬁt agency that will sponsored by the Santa Barbara City
provide direct funding to qualiﬁed Housing Authority. The project
developers, public entities, nonproﬁt will provide studio apartment living
organizations, community groups for individuals who live and work
and individuals to undertake in the downtown area of Santa
activities that create, maintain, Barbara. El Carrillo will serve very
El Carrillo is a 62-unit apartment complex
preserve or expand the County’s low-income single persons earning
under construction in Santa Barbara with
affordable housing stock. 30-40% of the area median income, support from the trust fund.
including downtown workers,
The Housing Trust Fund has homeless persons and disabled
a current multi-year goal of persons. The project is designed & Trust and Montecito Bank &
establishing $15 million revolving to provide replacement housing for Trust have made commitments.
loan fund and grant making entity. the community that was lost with In addition, the Erich & Hannah
The Fund will ﬁnancially support the closure or renovation of older Sachs Foundation made a Program
efforts to acquire land for affordable downtown hotels. Related Investment (PRI) loan. The
housing, construct new affordable goal for 2006 is to build the Fund
units, rehabilitate and convert The Revolving Loan Fund currently to $3 million, with a multi-year aim
existing buildings and properties has $2.7 million available for of developing $5 million in capital
into new affordable units, leverage below-market interest rate loans resources for this particular program
public and private funds, and offer to qualiﬁed affordable housing component.
rental and homeowner assistance for sponsors for site acquisition,
individuals and families. predevelopment expenses and The Santa Barbara County Housing
construction costs. Mid-State Trust Fund anticipates funding
The Fund was initiated in 2005 Bank & Trust has made a ten-year two additional construction loans
with commitments from community commitment to the Revolving Loan
lending partners Santa Barbara Bank Fund and both Santa Barbara Bank
continued on page 10
CALIFORNIA continued from page 9 future capital campaigns as well range of local employees access
as a public funding effort. The affordable housing so that they can
this year: (1) a 27-unit low-income Revolving Loan Fund is also helping live in the community where they
homeownership project for establish working partnerships work. The Fund has already begun
agricultural workers in Los Alamos with local jurisdictions. It is roundtable discussions reaching
sponsored by the County Housing anticipated that the Fund will work out to the business and agricultural
Authority and (2) a small 5-unit in collaboration with the County of communities. The Fund will host a
multi-family project for low-income Santa Barbara on a joint outreach Workforce Housing Summit in the
families in Lompoc sponsored by program to faith-based organizations fall of 2006.
the nonproﬁt Lompoc Housing interested in using excess land to
& Community Development sponsor affordable housing projects. Contact: Jennifer McGovern, Housing Trust Fund of Santa Barbara
Corporation. County, P.O. Box 60909, Santa Barbara, CA 93160-0909 (805-
A second program envisioned by 685-1949) Email: firstname.lastname@example.org.
These activities will help establish the Trust Fund is a Workforce
credibility for the Fund in launching Housing Program to help a broad
SAN MATEO COUNTY CREATES HOUSING ENDOWMENT AND REGIONAL TRUST
T he Housing Endowment and
Regional Trust of San Mateo
County, California’s mission is
on a $3 million campaign to
challenge the private sector to match
the County’s investment in HEART.
sector. Stafﬁng is provided on an
annual contract basis by the Housing
Leadership Council of San Mateo
to raise funds from public and HEART has already received $3 County, a nonproﬁt community-
private sources to meet critical million from San Mateo County as based organization and the San
housing needs. HEART is a seed money which qualiﬁed it for Mateo County Ofﬁce of Housing.
collaborative, public/private venture another $2 million from the State of HEART’s member agencies pay
and is structured as a joint powers California’s local housing trust fund dues annually to ﬁnance basic
agreement. Currently ﬁfteen cities matching program, funded through administrative costs. All donations
plus San Mateo County participate the $2.1 billion housing bond passed to HEART are committed to
as members. by voters in 2002. building affordable housing.
HEART’s goal is to secure a The HEART board of directors HEART made its ﬁrst funding
dedicated source of public revenue consists of eleven public-sector award to Hillcrest Senior Housing
to invest in affordable housing. representatives and ten at-large in Daly City. This development
Meanwhile, HEART is embarking members representing the private will become home to 40 low-income
Architect Van Meter Williams Pollack north elevation of Hillcrest Senior Housing in Daly City for American Baptist Homes of the West.
seniors and enable them to remain in San Mateo County has evolved into housing trust fund; created a broad-
the county as they age. HEART has a vibrant employment center with based working group to advance
also awarded $1.73 million for The employment growing by 17% in the the concept; and has maintained
Village at the Crossing, sponsored last decade. Service jobs alone have its membership as active informed
by Citizens Housing Corporation grown by 30% and 40% of workers participants in the process. Many
and KDF Communities, and another commute into the county daily. members participate on HEART
$1.76 million for the Colma Transit Since 1990, monthly rents for two- committees and have been actively
Village, by BRIDGE Housing. bedroom apartments have climbed encouraging cities to join HEART
These awards of nearly $4 million from $770 to $1,440 per month. as members of the joint powers
will assist in the construction of Median home prices have jumped to agreement. Peninsula Interfaith
398 rental apartments affordable more than $900,000 in 2005. Action is now urging the County
to low income seniors and families. and participating cities to identify
HEART has committed all of the Integral to the success of HEART, public revenue sources that can be
funds it received from the matching has been the advocacy of the dedicated to HEART providing
state bond program. Its funds have Peninsula Interfaith Action (part of needed ongoing revenue to support
been leveraged 1:20 through these the PICO network). PIA began the critical housing throughout the
developments. housing trust fund campaign in 2002 County.
and has participated in a pivotal
By 2010, demand for housing in revenue source study; brought 1,600 Contacts: Chris Mohr, HEART, 139 Mitchell Avenue, Suite
San Mateo County will outstrip members together to urge elected 108, South San Francisco, CA 94080 (650-872-4444) www.
supply by at least 20,000 homes. ofﬁcials to move forward with the heartofsmc.org and David Mann, Peninsula Interfaith Action,
1336 Arroyo Avenue, San Carlos, CA 94070 (650-592-9181).
SAN LUIS OBISPO COUNTY HOUSING TRUST FUND
T he San Luis Obispo County
Housing Trust Fund is a private
nonproﬁt corporation created
Seven of the eight cities in the
County, along with the Housing
Authority, have contributed to the
with Scolari and Ralph grocery
stores. By joining these programs,
residents of the County can have
through a cooperative effort by local Fund. Other ﬁnancial supporters 1-4% of what they spend in these
health and social service providers, include: Mission Community Bank, stores contributed to the Housing
businesses and government agencies Mid-State Bank & Trust, First Bank Trust Fund.
to address local housing needs. The of San Luis Obispo, Los Padres
Fund’s mission is to increase the Bank, Union Bank of California, The San Luis Obispo Housing Trust
supply of affordable housing for very Bank of America Foundation, as Fund’s ﬁrst two loans will help create
low to moderate income residents of well as Adrian Dominican Sisters, 24 units of permanent affordable
San Luis Obispo County, including Resident Owners Perks, Inc., housing for low and very low income
households with special needs. San Luis Obispo Association of households in the County. The
Realtors, California Association of Fund’s initial loan enabled Family
In 2002, the San Luis Obispo Realtors, Economic Opportunity Care Network to buy ﬁve units that
County Board of Supervisors Commission, Catholic Healthcare now provide transitional housing for
unanimously passed a resolution West, and Sachs Foundation. In foster care youth. The second loan
to provide $225,000 in start- addition, the George Moylan is supporting the development of
up funds to be matched by Affordable Housing Fund has 19 affordable apartments for seniors
other contributions from local received 60 contributions as in Atascadero. The project is being
governments and others. Since that testimony to the invaluable developed by the San Luis Obispo
time, the Fund has raised nearly $4 contribution he made to affordable Nonproﬁt Housing Corporation.
million in lending capital and more housing during his lifetime.
than $470,000 in operating grants Contact: Jerry Rioux, San Luis Obispo County Housing Trust Fund,
from two dozen sources. One creative fundraising 4111 Broad Street, Suite A-6, San Luis Obispo, CA 93401 (805-
accomplishment is the collaboration 543-5970) www.slochtf.org.
KENTUCKY continued from page 2
Franciscan Sisters had a huge impact
tax collections in excess of the $7
million; a fee increase on vehicle
driver’s licenses; and recording
Against Racist and Political The Homeless and Housing fees on numerous documents. One
Repression, Kentucky Domestic Coalition of Kentucky was steadfast version added enabling legislation
Violence Association, Kentucky in garnering support from the to allow counties and merged metro
Fairness Alliance, Kentucky Habitat Home Builders Association of governments to increase ﬁling and
for Humanity, Kentucky Jobs Kentucky; Manufactured Housing recording fees and building permit
With Justice, Kentucky Mental Institute of Kentucky; Mortgage fees to fund local housing trust
Health Coalition, Kentucky Bankers Association of Kentucky; funds. [See Housing Trust Fund
Youth Advocates, Metropolitan and Kentucky Mortgage Brokers News Winter 2006.]
Housing Coalition, and Women in Association and an agreement to
Transition. remain neutral from the Kentucky With this win at the state level,
Bankers Association and the housing advocates are developing
The Campaign secured more than Kentucky Association of County a strategy to create a housing trust
100 endorsements, many of whom Clerks. fund for Metropolitan Louisville.
brought people to rallies, supplied The campaign includes an Assembly,
speakers, and much more. Shelter The legislation survived through sponsored by CLOUT (the DART
organizations brought 50 homeless several manifestations. From the network) on April 24th and many
people to meet with legislators original proposal by the Homeless activities through the end of this
and St. Vincent dePaul St. Jude and Housing Coalition of Kentucky year. The campaign is looking for
Women’s Recovery Program to increase recording fees on deeds its second victory early in 2007!
enabled a homeless mother to testify and ﬁrst mortgages, other proposals
and read a moving letter from her and compromises emerged. This Contacts: Judy Levey, Homeless and Housing Coalition of
daughter. The religious orders included consideration by some for Kentucky, 101 Burch Court, Frankfort, KY 40601, (502-223-
Sisters of Charity of Nazareth, contractor certiﬁcation with excess 1834) and Rachel M. Hurst, Coalition for the Homeless, 1115 S.
Maryknoll Missionaries, Sisters of revenue going to the Fund. Other 4th St., 3rd ﬂoor, Louisville, KY 40203 (502.589.0190 x 14).
Mercy, Loretto Community, and proposals included: delinquent
Housing Trust Fund Project Permit #1181
1113 Cougar Court
Frazier Park, CA 93225
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