Sources of Lending Capital

The San Luis Obispo County Housing Trust Fund has raised more than $4.3 million in private lending capital from twelve different sources to finance affordable housing projects.

The majority of these funds come from local banks. Mission Community Bank and Rabobank (formerly Mid-State Bank & Trust) each provided $1 million Equity Equivalent or EQ2 investments to the HTF. Rabobank also provided $100,000 under California's CDFI Tax Credit Program. This investment has a 0% interest rate for five years and provided a $20,000 tax credit for the bank (click here for information). First Bank of San Luis Obispo also committed to provide at least $1 million for our borrowers.

We have also received socially responsible investments from Catholic Healthcare West, the Monarch Fund and four religious communities groups. In addition, the Sachs Foundation provided a Program Related Investment (PRI).

While most of our lending capital is borrowed, the California Association of Realtors provided a $100,000 grant to us from its Housing Affordability Fund. In addition, more than 300 individuals, organizations and firms have contributed $76,000 to the George Moylan Affordable Housing Fund. Click here to learn more about the Moylan Fund.

Source of Lending Capital	Amount
Rabobank (formerly Mid-State Bank & Trust)	$1,100,000
Mission Community Bank	1,000,000
First Bank of San Luis Obispo	1,000,000
Monarch Fund (administered by Calvert Foundation)	180,000
Catholic Healthcare West	500,000
Erik & Hannah Sachs Foundation	200,000
California Association of Realtors (grant)	100,000
Adrian Dominican Sisters	100,000
George Moylan Affordable Housing Fund (contributions)	76,000
Sisters of St. Francis of Philadelphia	50,000
Seton Enablement Fund of Srs. of Charity of Cincinnati	50,000
Sisters of St. Joseph of Carondelet	25,000
Total Lending Capital