CULVER CITY, Calif., March 5, 2015 /PRNewswire-USNewswire/ — Century Housing was named among the Top 25 Affordable Housing Lenders in Affordable Housing Finance (AHF) Magazine’s 2014 list. Century financed several types of affordable housing and community investment projects, for a total of $118.9 million invested in 2014 throughout the State of California.
Century is the only Community Development Financial Institution (CDFI) named on the list (a CDFI is a financial institution which provides credit and financial services to underserved markets and populations). Century has provided more than $950 million in financing for over 25,000 new affordable homes and apartments.
“We have flexible products and a dedicated team that can deliver financing quickly and reliably, exactly when developers need it. This award reflects our ability to provide for the specific needs of our clients, and by extension, to provide affordable housing for working families throughout California,” said Ronald Griffith, CEO and President of Century Housing.