We are very pleased to report that on October 14, Congresswoman Barbara Lee and Donna J. Gambrell, the Director of the US Department of the Treasury’s CDFI Fund, announced that Century Housing was awarded $5,000,000 from the $80 million Capital Magnet Fund, to expand the geographic reach of Century’s lending programs. This grant was the result of a highly competitive application process by CDFI’s and qualified nonprofit housing organizations located throughout the United States. Century was one of only 23 awardees in the country out of 230 applicants. Century is extremely excited about the additional affordable homes we will be able to finance and the families we will be able to help throughout California thanks to this grant.
Century Housing finances affordable housing developments throughout California. From acquisition loans to bridge and construction loans, Century has worked for more than 20 years to provide tax-credit developers and infill developers with innovative loan solutions and responsive service.