Pacific Western Bank has contributed $5,000 to the San Luis Obispo County Housing Trust Fund (HTF).
“Pacific Western Bank is committed to the communities that we serve,” said Tom Strait, the bank’s Executive VP and Regional Manager. “Supporting the Housing Trust Fund provides us an additional opportunity to invest in San Luis Obispo.”
“Pacific Western Bank has become an increasingly important partner for affordable housing in our community,” said Jerry Rioux, the HTF’s Executive Director. “In addition to providing this generous contribution and investing in the HTF’s revolving loan fund, the bank actively lends for housing developments in the county.”
Pacific Western Bank is headquartered in Los Angeles and has five branches in San Luis Obispo County. The bank entered the local market in 2010 with the acquisition of Los Padres Bank. It increased its local presence with the acquisitions of American Perspective Bank and First California Bank. With its growth, the bank has also diversified the financial products it offers. Additional information on the bank and its services are available online at www.pacificwesternbank.com.
The HTF is a nonprofit corporation that was formed in 2003 to increase the supply of affordable housing in San Luis Obispo County. Rather than develop, own or manage affordable housing, the HTF provides financing and technical assistance to help private developers, nonprofit agencies and local governments create and preserve homes that working families, seniors on fixed incomes and persons with disabilities can afford to rent and buy. The HTF has provided over $17 million in financing for affordable housing in the county. Additional information is available online at www.slochtf.org.