Ventura County Star (March 21, 2015)

Entering 35th year, Many Mansions in Thousand Oaks looks to private sector for funding

An excellent article was posted in Sunday’s Ventura County Star (link below) about Many Mansions, its office move and direction. Be sure to check out the timeline at the end of the article with pictures of our properties! Read the article on the VC Star’s website.

THOUSAND OAKS, Calif. – Moving just one block away may seem silly.

But the staff at Many Mansions believes leaving a hidden corner on Thousand Oaks Boulevard for a prominent spot on the same street could make a world of difference.

The housing nonprofit recently moved its offices to a new building with its blue logo on display for all drivers getting on or off the freeway at Rancho Road to see.

“The more prominent we are, the better,” said Many Mansions President Rick Schroeder. “There’s still many in our community who don’t know about us.”

That may be hard to believe considering the organization is in its 35th year and boasts 14 affordable housing projects across the county. But the nonprofit is starting a new chapter and it needs the attention of one group in particular — the private sector.

The demise of redevelopment agencies in California has left a rather large hole in an organization that builds and renovates housing for the poor. About a quarter of Many Mansions’ housing development revenue came from the local redevelopment agency.

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