We partnered with Community Foundation of Santa Cruz County (CFSCC) to provide loan fund services for veteran housing. Learn how CFSCC's investment supported the development of 16 units of housing for previously homeless vets. Their impact fund leveraged bank capital and Housing First government funding.
The client
Santa Cruz County Veterans Memorial Building Board of Trustees (SCCVMB) is a non-profit committed to supporting the Santa Cruz County Veterans and the community as a whole. In partnership with the community of Santa Cruz, SCCVMB Board of Trustees seeks to develop Vet Village in service to its mission of supporting veterans.
“This project is led by veterans for veterans,” said Cottingham. “And the village atmosphere will support community as well as self-sufficiency.” ~Chris Cottingham, Executive Director of the Vets Hall
Santa Cruz County Veterans Memorial Building
A proposal to purchase the former Jaye’s Timberlane Resort to provide permanent supportive housing for local Veterans was accepted on November 10, 2021. This “Veterans Village,” a first for Santa Cruz County, will provide a permanent affordable housing solution for veterans and their families, complete with on-site support services, amenities, outdoor recreation, and a supportive community of peers.
The Santa Cruz County Veterans Memorial Building Board of Trustees (Vets Hall) teamed up with Community Foundation Santa Cruz County and Santa Cruz County Bank to secure funding for the project.
The Jaye’s Timberlane property in Ben Lomond has a four bedroom, three bath home plus office with 10 additional cabins with their own kitchens, bedrooms, and bathrooms on nearly six acres of land. The turnkey property will be able to house 16 veterans and their families and Vets Hall will develop a phase two project to develop further housing capacity on the land for a total capacity of 40 veterans.