The Sisters of Charity of Cincinnati have provided its third investment to the San Luis Obispo County Housing Trust Fund – $100,000 from their Seton Enablement Fund.

"With their latest investment, the Sisters of Charity of Cincinnati have invested a total of $250,000 in the Housing Trust Fund." states Jerry Rioux, Executive Director of the Housing Trust Fund. "This investment makes them our fourth largest investor to date."

The proceeds of the investment will be used to provide financing for affordable rental and ownership housing in San Luis Obispo County. Since its inception in 1979, the Seton Fund has provided nearly 300 social investments throughout the world totaling more than $15 million. Additional information on the Seton Enablement Fund is available online at www.srcharitycinti.org/enablement.htm.

The Housing Trust Fund is a nonprofit corporation that was created in 2003 to increase the supply of affordable housing in San Luis Obispo County. Rather than develop, own or manage affordable housing, the Housing Trust Fund provides financing and technical assistance to help private developers, nonprofit agencies and local governments create, preserve and improve homes that working families, seniors on fixed incomes and persons with disabilities can afford to rent or buy.

Since 2005, the Housing Trust Fund has provided more than $6 million in short term financing to assist 214 affordable rental and for-sale homes in San Luis Obispo County. During 2010, roughly 30 percent of all the housing starts in the entire county received financing from the Housing Trust Fund.

More than $2.5 million is currently available to finance additional affordable housing projects. Additional information is available online at www.slochtf.org.