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July 18, 2011 The Community Development Financial Institutions (CDFI) Fund of the US Treasury has awarded a $600,000 grant to the San Luis Obispo County Housing Trust Fund (HTF). “We are overjoyed by our new CDFI Fund award,” states Jerry Rioux, the HTF’s Executive Director. “This is our third US Treasury grant in as many years and it is also our largest.” The HTF will use the $1.6 million from the CDFI Fund exclusively to finance affordable housing projects in San Luis Obispo County. The new grant increases the HTF’s loan funds to $6.9 million, including $3.6 million in social investments and $3.3 million equity (grants and contributions). The
CDFI Fund provides capital for underserved communities
throughout the nation to stimulate local economic development.
The CDFI Fund received 393 applications requesting nearly $466
million in funding under the FY 2011 round of the CDFI Program.
The Housing Trust Fund’s award was one of 155 grants totaling
$142 million that were announced on July 18, 2011. Since its
inception, the CDFI Fund has awarded well over $1 billion under
the CDFI Program. More information on the CDFI Fund and the
recent grants is available at
www.cdfifund.gov. |
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(c) 2004-11 San Luis Obispo County Housing Trust Fund - Privacy Policy - This page was last updated on 09/27/2011