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.