August 8, 2011

CHW renews $500,000 investment

Catholic Healthcare West (CHW) made its third investment in the San Luis Obispo County Housing Trust Fund (HTF).  The San Francisco-based health system, which owns French Hospital, Arroyo Grande Community Hospital and Marian Medical Center, has renewed its existing $500,000 investment in the HTF’s revolving loan fund and extended it for an additional five years.

“Catholic Healthcare West has a long history of providing capital resources to organizations and community programs that traditionally have a difficult time securing funding” said French Hospital Medical Center President and CEO Alan Iftiniuk. “Since 1992, CHW has invested more than $123 million in projects that have resulted in affordable housing, child care centers, community clinics, and other community resources. This $500,000 investment in the Housing Trust Fund is an example of CHW’s commitment to San Luis Obispo County and the Central Coast.”

CHW currently has a total of $750,000 invested in the HTF’s revolving loan fund, making it our third largest investor.  CHW's investments are used exclusively to finance affordable housing projects in San Luis Obispo County.