Los Padres Bank CD Award
Los Padres Bank presented its Community Development Award
to the San Luis Obispo County Housing Trust Fund in a ceremony at the
Bank's headquarters in Solvang. Along with the award, the Bank
made a $1,000 contribution to the Fund.
"We thank Los Padres Bank for its award and support,"
said Jerry Rioux, the Fund's executive director. "We look forward
to working with Los Padres in the future to finance affordable housing
in San Luis Obispo County."
The San Luis Obispo County Housing Trust Fund is a
nonprofit corporation that was
created to increase the supply of affordable housing throughout San Luis
Obispo County.
Rather than develop, own or manage housing, the Fund provides financing
and technical
assistance to help private developers, nonprofit agencies and local
governments produce
and preserve homes that working families, seniors on fixed incomes and
persons with disabilities can afford to rent or buy.
The Fund currently has more than $1 million available to
lend for affordable housing projects. Their goal is to raise an
additional $2 million by the end of 2005.