Century Housing Corporation was named among the nation’s Top 25 affordable housing lenders in 2016 by Affordable Housing Finance magazine for the third consecutive year. “It is a major accomplishment to be included among lending giants such as Citi Community Capital, Wells Fargo, Bank of America Merrill Lynch, and JP Morgan Chase. As the only CDFI lender on the list, our developments are targeted in both Northern and Southern California, where affordable housing demand is high and inventory is low, coupled with tremendous affordability issues,” said Ronald Griffith, President & CEO of Century Housing.
According to Affordable Housing Finance’s latest report, housing lenders financed a total of $27 billion in loans supporting affordable housing properties in 2016. That is an increase from the $22.9 billion in 2015 and the $18.7 billion in 2014.
“Century Housing is an important partner of Skid Row Housing Trust, helping us build high quality affordable housing that ends homelessness. For many years, Century has served as our main acquisition and predevelopment lender. Some of our most successful projects may not have gotten off the ground without the early support we received from Century,” said Dana Trujilo, Skid Row’s Chief Investment & Finance Officer.
Read the full Affordable Housing Finance article for more perspective about 2016 and an expert forecast about what’s to come in an uncertain 2017.