CULVER CITY, Calif., April 16, 2015 /PRNewswire-USNewswire/ -- On April 7, 2015, Century surpassed the $1 billion milestone in financing to support the development and preservation of more than 25,000 affordable homes throughout the State of California. Century's financing also assisted in creating approximately 29,000 jobs over the past twenty years. Most recently Century was recognized by Affordable Housing Finance as a Top 25 Lender for 2014.
Mr. Aaron Wooler, SVP of Century said, "The ability for Century to provide financing for developers to meet the huge demand for affordable housing is possible with our flexible capital, responsive service and the talented staff at Century, which help secure our position as one of California's premier lenders."
2014 statistics show that in California, there is close to one million low-income households that do not have access to affordable housing. Amid the crisis in affordable housing, redevelopment funds in both State and Federal government have been drastically diminished. Policy makers' work to address this major crisis, and private investments and other funding sources such as CDFIs loans from lenders like Century are making an impact in the affordable housing market.
About Century Housing
Century is a leading Community Development Financial Institution (CDFI), delivering innovative financial products quickly and reliably to support the development of critical housing projects throughout California. Our lending activity, combined with expert service and support for our developer clients, has resulted in the development and preservation of over 25,000 affordable homes and apartments in underserved communities throughout the state.
http://www.centuryhousing.org/about/
SOURCE Century Housing
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