{"id":17858,"date":"2017-05-02T10:35:23","date_gmt":"2017-05-02T17:35:23","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=17858"},"modified":"2020-12-24T22:14:20","modified_gmt":"2020-12-25T06:14:20","slug":"honoring-towbes","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/honoring-towbes\/","title":{"rendered":"Honoring Towbes"},"content":{"rendered":"

The Housing Trust Fund of Santa Barbara County<\/strong> (HTF) has received a $5,000 contribution from Yardi in honor of the late Michael Towbes<\/strong>, local businessman and philanthropist, and to support the agency\u2019s new South Coast Workforce Homebuyer Program.\"HTF\"<\/strong><\/p>\n

\u201cMichael Towbes was a champion of workforce housing and was committed to the Housing Trust Fund\u2019s mission to expand workforce housing opportunities. Yardi is pleased to be a \u2018seed sponsor\u2019 of HTF\u2019s new South Coast Workforce Homebuyer Program. We hope that our donation in honor of Michael Towbes will inspire other business to contribute to this worthwhile workforce housing program,\u201d said Gordon Morrell, Executive Vice President of Yardi.<\/p>\n

Michael Towbes served on the Board of Directors of the Housing Trust Fund for 12 years and the agency greatly benefited from his expertise, experience and generosity.<\/p>\n

The grant award from Yardi will provide key operational support for HTF as it launches the South Coast Workforce Homebuyer Program, which will provide low-cost down payment loans up to $100,000 to help first-time working households buy an entry-level home in the community where they work.<\/p>\n

The Housing Trust Fund<\/a> is a non-profit Community Development Financial Institution (CDFI) whose mission is to expand affordable rental and homeownership housing opportunities throughout Santa Barbara County for working households and our most vulnerable populations.\u00a0 HTF operates a countywide $6.7 million Revolving Loan Fund for affordable housing in partnership with community lenders.<\/p>\n

The loan fund provides short-term, low-cost loans to qualified sponsors of affordable housing for the production, preservation, and rehabilitation of affordable housing for low-income households. The agency also operates a countywide Workforce Homebuyer Program that provides down payment assistance to first-time homebuyers.<\/p>\n

HTF was created by countywide community leaders to address our region\u2019s critical affordable housing needs by building innovative partnerships between the private, public and nonprofit sectors.\u00a0 The organization raises capital, design innovative housing solutions and provide technical assistance and low-cost loans to community sponsors of affordable housing.<\/p>\n

HTF has been certified by the U.S. Treasury CDFI Fund as a Community Development Financial Institution (CDFI). HTF is also a HUD approved Non-Profit Secondary Loan Provider.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Housing Trust Fund of Santa Barbara County (HTF) has received a $5,000 contribution from Yardi in honor of the late Michael Towbes, local businessman and philanthropist, and to support the agency\u2019s new South Coast Workforce Homebuyer Program. \u201cMichael Towbes was a champion of workforce housing and was committed to the Housing Trust Fund\u2019s mission […]<\/p>\n","protected":false},"author":442,"featured_media":17863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1717,3354],"tags":[107,1975,1976,839,40],"class_list":["post-17858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-giving","category-team-yardi","tag-corporate-philanthropy","tag-housing-trust-fund","tag-michael-towbes","tag-santa-barbara","tag-yardi"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"The Housing Trust Fund of Santa Barbara County (HTF) has received a $5,000 contribution from Yardi in honor of the late Michael Towbes, local businessman\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honoring Towbes\" \/>\n<meta property=\"og:description\" content=\"The Housing Trust Fund of Santa Barbara County (HTF) has received a $5,000 contribution from Yardi in honor of the late Michael Towbes, local businessman\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/honoring-towbes\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-02T17:35:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-25T06:14:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/05\/HTFwwhite.png\" \/>\n\t<meta property=\"og:image:width\" content=\"568\" \/>\n\t<meta property=\"og:image:height\" content=\"516\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yardi Blog Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yardi Blog Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/honoring-towbes\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/honoring-towbes\/\",\"name\":\"Honoring Towbes - 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