| Existing entity | SVCDC functions met | SVCDC functions not met |
|---|---|---|
| Sonoma County Housing Fund, operated by Santa Rosa Metro Chamber | Screens housing construction projects. Provides pre-construction loans to (usually) nonprofit housing developers. Could legally expand to preservation and rehab | Is focused on pre-entitlement funding for affordable housing only. Does not plan. Does not identify opportunity sites or coordinate implementation of a coordinated effort |
| Renewal Enterprise District, a local government Joint Powers Authorit | Can legally expand its geographic scope to Sonoma Valley. | Does not operate outside downtown Santa Rosa. Cannot operate except where transit frequency is high (higher than any location in Sonoma Valley). Provides financing only, waits for projects to come to it. |
| City of Sonoma Housing Trust Fund | Funds affordable housing infrastructure or funding gaps for development or preservation; subsidize rents on an emergency basis. | Limited to the City of Sonoma. Less than $2M available. Does not plan projects. |
| Sonoma County Housing Element | Identifies and zones for opportunity parcels. Tracks expiration and location of subsidized units. | Does not build, fund-raise, or facilitate projects. Identified opportunity parcels may be unbuildable or partially buildable. |
| City of Sonoma Housing Element | Identifies and zones for opportunity parcels. Tracks expiration and location of subsidized units. | Does not build, fund-raise, or facilitate projects. Identified opportunity parcels may be unbuildable or partially buildable. Does not extend beyond City of Sonoma. |
| Nonprofit housing developers | Assemble funding for parcel-specific construction or rehab projects. Build and operate all-affordable housing projects. | Do not plan beyond identifying parcels that could meet their bottom line. Extremely limited capacity for pre-construction expenses. |
| Housing Trust Silicon Valley | A Community Development Financial Institution. Can loan in Sonoma Valley. Loans (“startup, patient capital”) to affordable developers of rental housing, and to first-time homebuyers. | Currently only participating with the Sonoma Housing Fund. Potential financial partner limited to [a] rental construction/preservation or [b] first-time home buyer loans but requires significant monetary input from partnering municipality to cover administration costs. Does not plan, build or facilitate project development. |
| Housing Land Trust of the North Bay, Common Space Community Land Trust | Actively seeks project opportunities. Owns land and stewards projects long-term. | Relies on donated land. Affordable homeownership projects only. |
| Generation Housing | Endorses projects meeting its criteria, generally larger 100% below-market projects. Operates county-wide. | Focused on policy advocacy for below-market housing production, not on project creation or seeking development opportunities. |
| Self Help Credit Union | A Community Development Financial Institution. Can loan in Sonoma Valley. Loans (“startup, patient capital”) to affordable developers of rental housing, and to first-time homebuyers. | Does not plan, build or facilitate project development. |
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Vision and Mission of a Nonprofit Sonoma Valley Community Development Corporation
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