The Fund wishes to thank our many

Supporters

Since incorporating February 27, 2003, the Fund has received more than $1.2 million in grants, contributions and in-kind support from many different sources, including the County of San Luis Obispo and every city in the county. While this support is primarily used for our operations, some funds were deposited in the George Moylan Affordable Housing Fund at the donors' request.

The Fund has also raised more than $4.3 million in private lending capital to finance affordable housing projects. Our initial lending capital came from Mission Community Bank and Mid-State Bank & Trust (now Rabobank) in the form of $1 million Equity Equivalent or EQ2 investments. First Bank of San Luis Obispo committed to provide $1 million for our borrowers. Additional information is available online at Sources of Lending Capital.

Two of our earliest financial supporters, the County of San Luis Obispo and Mission Community Bank, are also among our most generous. The County provided two multi-year matching grant totaling $425,000, which covered half of our start-up and early operating costs. In addition to providing contributions and an investment, Mission's management and staff have provided tens of thousands of dollars worth in-kind support to the Fund.

In addition to the direct financial support that we received from so many local groups, we want to note that we also received more than $200,000 in in-kind contributions from individuals and businesses since 2003. This in-kind support has been invaluable to our organization.

Thank you all for your support.

Private Sector Support¹

Operating Support
Economic Opportunity Comm.	$50,000
Bank of America	$50,000
Union Bank of California	$35,000
Rabobank (formerly Mid-State Bank & Trust)²	$10,550
United Way of SLO County	$11,913
Washington Mutual Bank	$10,000
SLO Co. Community Foundation	$8,200
Downey Savings	$7,000
Los Padres Bank	$3,350
Resident Owned Parks	$2,500
First Bank of SLO³	$2,150
Mission Community Bank⁴	$1,550
Heritage Oaks Bank⁵	$1,350
The Mortgage House, Inc.	$1,200
Others	$8,383
Total Private Operating Support	$203,146

Loan Fund Contributions

Realtor Fund⁶	$100,000
Moylan Fund⁷	$76,000
Total Loan Fund Support	$176,000

Total Private Support

Total Private Sector Support

$379,146

Government Support¹

County of San Luis Obispo	$425,200
City of San Luis Obispo	$120,200
City of Atascadero	$28,000
Housing Authority of SLO	$20,000
City of Pismo Beach	$20,000
City of Arroyo Grande	$20,000
City of Grover Beach	$20,000
City of Paso Robles	$12,500
City of Morro Bay	$3,000
Total Government Support	$668,900

In-Kind Support¹

Total In-Kind Support

$200,000+

Total Support¹

Total Support

$1.2+ million

¹ Government and Private Sector Support include contributions received or pledged through April 21, 2008. In-kind Support is through December 31, 2007. In-kind Support is calculated and updated quarterly.

² Rabobank (formerly Mid-State Bank & Trust) has also provided $10,000 in grants to the Moylan Fund, a $1 million revolving line of credit and a $100,000 CDFI Tax Credit investment from which we fund loans.

³ First Bank has also committed a $1 million guidance line of credit with which it will finance projects identified by the Fund.

⁴ Mission Community Bank has also provided $10,000 in grants to the Moylan Fund and a $1 million revolving line of credit from which we fund loans.

⁵ Heritage Oaks Bank has also provided $6,000 in grants to the Moylan Fund.

⁶ Grant from the California Association of Realtors Housing Affordability Fund.

⁷ Grants and contributions to the George Moylan Affordable Housing Fund. Click here for a complete list of contributors to the George Moylan Affordable Housing Fund.

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