| September 28,
2006 Mid-State Bank Supports Moylan Fund Mid-State Bank & Trust has contributed $5,000 to the George Moylan Affordable Housing Fund. The Moylan Fund is a revolving loan fund of the San Luis Obispo County Housing Trust Fund. “Mid-State Bank & Trust is one of our top supporters,” states Jerry Rioux, executive director of the Housing Trust Fund. “We are thrilled that they are helping us to expand and grow the Moylan Fund.” The Moylan Fund was created in October 2005 to honor and continue the work of George Moylan, one of the Housing Trust Fund’s organizers and a founding director. With Mid-State Bank’s contribution, nearly $35,000 has been contributed to the Moylan Fund from more than 200 individuals, firms and organizations. The Moylan Fund is used exclusively to help finance affordable housing projects in San Luis Obispo County. Loans that are made from the Moylan Fund are repaid into the fund and then loaned for additional projects, thus creating a permanent source of financing for affordable housing. |
November 8, 2005 Mid-State Bank Foundation Award The Mid-State Bank & Trust Foundation - the charitable giving arm of the Arroyo Grande-based bank - recently awarded an additional $5,000 grant to the San Luis Obispo Housing Trust Fund. "We are grateful for Mid-State Bank & Trust's continuing support for our organization," states Jerry Rioux, the Fund's executive director. "Mid-State is one of our most generous and consistent supporters," Rioux adds. "In addition to providing grants to support our operations, Mid-State Bank & Trust has provided $1 million in lending capital for our revolving loan fund." 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 homes that working families, seniors on fixed incomes and persons with disabilities can afford to rent or buy. The Housing Trust Fund has raised more than $2 million to finance affordable housing projects throughout San Luis Obispo County. Their goal is to raise an additional $3 million by the end of 2005 and $5 million by the end of 2006. |
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October 19, 2004 Mid-State Bank Foundation Award "The Housing Trust Fund is the kind of nonprofit effort that we support and want to encourage," stated James Lokey, President and CEO of Mid-State Bank & Trust as he presented a $5,000 check to the Fund's executive director, Jerry Rioux. The Mid-State Bank & Trust Foundation - the charitable giving arm of the Arroyo Grande-based bank - recently approved the grant to support the Fund's operations. "We are
grateful for Mid-State Bank's generous support," Rioux responded. "We
hope The San Luis
Obispo County Housing Trust Fund is a nonprofit corporation that was The Housing
Trust Fund has currently has more than $1 million available to lend for |
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Caption: Mid-State Bank & Trust President/CEO James Lokey (r) presents recent award to HTF Executive Director Jerry Rioux (l). |
(c) 2004-5 San Luis Obispo County Housing Trust Fund - This page was last updated on 10/22/2007