October 28, 2007

Rabobank Supports Moylan Fund

Rabobank (formerly Mid-State Bank & Trust) has contributed another $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 was one of our top supporters,” states Jerry Rioux, executive director of the Housing Trust Fund. “We are thrilled that Rabobank continues to support our mission and programs now 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 Rabobank’s contribution, nearly $60,000 has been contributed to the Moylan Fund from more than 300 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.

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The Fund is proud to be a member agency of the United Way of San Luis Obispo County.  Click here to visit United Way's website.

 

(c) 2004-5 San Luis Obispo County Housing Trust Fund - This page was last updated on 11/02/2007