March 1, 2006

Sisters of Charity of Cincinnati Invest $50K

The Sisters of Charity of Cincinnati have loaned $50,000 to the Housing Trust Fund from its Seton Enablement Fund.

The investment from the Seton Enablement Fund moves the HTF closer to its goal of raising $5 million in lending capital by the end of 2006. The loan has a 3% interest rate and a five year term.  The loan proceeds will be used to provide financing for affordable rental and ownership housing in San Luis Obispo County.

A March 1, 2006 article from The Tribune that reports on recent investments in the HTF can be read by clicking here.