The Brief
- Anaheim has launched a new Local Housing Trust Fund with an initial $16 million to address affordable housing needs.
- The fund will support new affordable communities, provide down payment assistance for first-time homebuyers, and offer eviction prevention aid.
- A significant portion of the initial funding, $15 million, comes from Walt Disney Co. as part of the DisneylandForward agreement.
ANAHEIM, Calif. – Anaheim has launched a new affordable housing trust fund to address critical housing needs in the city.
Approved by the City Council on Thursday, the Anaheim Local Housing Trust Fund will provide financial assistance for affordable housing developments, offer down payment support for first-time homebuyers, and deliver emergency rent assistance to prevent evictions.
The fund begins with $16 million, primarily supported by a significant contribution from Walt Disney Co.…