|
November 2, 2009
Religious Communities
Investment Fund increases investment in HTF
The Religious Communities
Investment Fund (RCIF) has increased its investment in the San Luis
Obispo County Housing Trust Fund (HTF) from $25,000 to $150,000.
RCIF is an Oakland-based
collaboration of Catholic Religious Congregations. Its members
pool their assets to promote economic justice through investments that
benefit low-income communities worldwide. While RCIF is a
relatively new initiate, its individual members have been providing
social investments for many decades. Additional information on
RCIF is available online at www.rcif.org.
RCIF’s investment in the HTF
is a loan with a 3% interest rate and a five-year term. The loan
proceeds will be used to provide financing for affordable housing
projects in San Luis Obispo County. This investment is the seventh
that the HTF has received from religious communities and thirteenth
overall. Other investors include Mission Community Bank, Rabobank
and Catholic Healthcare West.
|
|
|
