Biz Buzz: U.S. Bank grants nonprofit $5,000

U.S. Bank, the nation’s sixth largest, based on assets, has given $5,000 to the San Luis Obispo County Housing Trust Fund, its first grant to the organization.

The grant will help provide financing and technical assistance for affordable housing throughout San Luis Obispo County.

“U.S. Bank is committed to affordable housing in every market that we serve,” said Mary Salinas Duron, U.S. Bank community development manager in Southern California.

“When we enter a new market, we look for partners like the San Luis Obispo County Housing Trust Fund to help us address local housing needs.”

U.S. Bank entered the San Luis Obispo market with the acquisition of Downey Savings in 2008, and now has branches in San Luis Obispo and Arroyo Grande.

In addition, it has four full-service branches with extended and weekend hours in supermarkets throughout the county.

“We are honored that U.S. Bank has chosen to support our efforts to create and preserve affordable housing in San Luis Obispo County,” said Jerry Rioux, the fund’s executive director.

The nonprofit Housing Trust Fund was created in 2003 to increase the supply of affordable housing in San Luis Obispo County.

Rather than develop, own or manage affordable housing, it provides financing and technical assistance to help private developers, nonprofit agencies and local governments to produce, preserve and improve homes that working families, seniors on fixed incomes and persons with disabilities can afford to rent or buy.

The Housing Trust Fund has provided more than $4.25 million in financing to assist 180 affordable rental and for-sale homes in San Luis Obispo County. The organization has nearly $1.5 million available to finance additional affordable housing projects.

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— Bob Cuddy

Festival Mozaic picks 40th board

Festival Mozaic has chosen board members for its 40th annual season.

Lucia Cleveland, founder and former CEO of The Spice Hunter Inc., has been elected as board president.

She is joined by new board members: Diane Moroksi of Patterson Realty; David Booker of American Principle Bank; John Doyle of The Spice Hunter; and Shirley Ritter.

Returning board members include immediate past president Dwyne Willis of Willis and Co.; artist Peter Zaleski; and Mary Werts, formerly of First Bank of San Luis Obispo.

Festival Mozaic — formerly the San Luis Obispo Mozart Festival — is scheduled to perform from July 15 through the 25. The festival presents an orchestra with international musicians, and a variety of classical ensembles and crossover artists in venues throughout the county.

— Julia Hickey