SLO Non-Profit

In 1986 Congress adopted a revision to the Internal Revenue Service Act which incorporated a process of providing tax credits for limited investors in housing serving individuals and families whose annual incomes did not exceed 60% of applicable County median income. However, the managing general partner could not be a public agency, which the Housing Authority is. A 501 (c) (3) non-profit housing corporation was created to take advantage of tax-credit developments. The Housing Authority of the City of San Luis Obispo (HASLO) was quick to take advantage of the concept and in January 1989 our affiliate non-profit opened at 4035 Poinsettia Street in San Luis Obispo.

Since that date San Luis Obispo Non-Profit Housing Corporation has developed projects utilizing multi-source financing (i.e., tax credits, Community Development Block Grant (CDBG) Program, California Housing Finance Agency (CHFA), Higher Education Loan Program (HELP) Loan, bond and state financing).

In 2008 the Atascadero Senior Housing project, a 19-unit complex became San Luis Obispo Non-Profit's newest low-income complex.

All of the non-profit's units are managed and maintained by the Housing Authority of the City of San Luis Obispo (HASLO).

San Luis Obispo Non-Profit Housing Corporation has participated in the Supportive Housing Program (SHP) funding to acquire single family houses utilized as group homes with Transitions Mental health Association (TMHA). HASLO and TMHA have partnered over the years to provide case management services to homeless/disabled individuals.

The non-profit owns 310 units of housing within San Luis Obispo county with the major concentration of those units in the City of San Luis Obispo, two (2) complexes in Atascadero, two (2) complexes in Los Osos, and the newest complex built in 2011 in Paso Robles.