Century Housing Maintains Top Credit Ratings, Supporting Affordable Housing Financing

CULVER CITY, CALIF. (Aug. 5, 2025) — Century Housing Corporation has once again earned high marks for its financial strength and stability, with Fitch Ratings and S&P Global Ratings reaffirming the community development financial institution’s (CDFI’s) issuer credit rating and long-term credit rating of ‘AA’.

In addition, Fitch reaffirmed its highest short-term rating of ‘F1+’ for Century’s commercial paper program, while S&P reaffirmed its equivalent short-term rating of ‘A-1+’.

These ratings reinforce Century’s ability to raise capital efficiently to finance affordable housing throughout California. In 2024 alone, Century deployed more than $465 million in funds, supporting the creation and preservation of 5,214 affordable homes and generating over 7,000 construction jobs. Most of these homes served households earning 30% to 80% of their respective area median incomes, in transit- and resource-rich communities.

“These ratings validate our disciplined financial strategy and enhance our ability to raise capital through both our commercial paper program and Sustainable Impact Notes—making us more effective partners in advancing affordable housing across California,” said Rosa Menart, Senior Vice President of Finance & Treasury at Century Housing.

Fitch pointed to Century’s strong profitability and stable operating performance, supported by a healthy net interest spread. S&P highlighted the organization’s exceptionally strong capital position and high-quality loan portfolio. Both agencies also underscored Century’s ample liquidity, prudent risk management, and resilience across market cycles.

Century is among the few CDFIs in the nation to be rated by both Fitch and S&P—an endorsement of its credibility in capital markets and the strength of its mission-driven work.

“We’re grateful to Fitch and S&P for reaffirming our ‘AA’ ratings,” said Jim Mather, Acting President & CEO of Century Housing Corporation. “Those reinforce our ability to scale affordable housing financing efficiently and respond quickly to the needs of communities across California.”

Century provides end-to-end financing for affordable and workforce housing developments. Since 1995, the organization has invested more than $3.5 billion to help create and preserve over 63,000 homes for low- and moderate-income Californians. Century’s lending strategy is guided by a Sustainability Framework that prioritizes long-term affordability, environmental responsibility, and community well-being.