Financing California’s Affordable Housing

Financing affordable housing development has always been the core of Century’s mission since we became a private nonprofit in 1995.

California’s affordable housing and workforce housing developers turn to Century to get projects off the ground quickly and reliably. Century acquisition loans, bridge loans, construction loans and permanent loans have already supported the development of more than 47,000 quality multifamily affordable homes. Take advantage of Century’s competitive rates and ease of execution provided by our in-house team.

Acquisition Loans

  • Vacant land or existing assets
  • Take advantage of programs like GSAF and LACHIF for added leverage
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Bridge Loans

  • No prepayment penalties for a more flexible time frame
  • Loans available quickly to respond to your immediate needs
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Construction Loans

  • Reliable draw servicing keeps your contractors on the job
  • Small sites welcome
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Permanent Loans

  • 17-year maximum term designed to work with your LIHTC deal and provide better rate security
  • Lack of prepayment penalties to take advantage of changing rates
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In addition to utilizing our own funding, Century originates loans in partnership with successful city, county, and state programs:

Golden State Acquisition Fund (GSAF)

Los Angeles County Housing Innocation Fund (LACHIF)

Los Angeles New Generation Fund

Century financed developments throughout California

“Jamboree sees the model of converting hotels to Permanent Supportive Housing as a way to produce quality homes for formerly homeless individuals quickly and efficiently. In a time when public health is so intimately tied to the health of our unhoused residents, we’re grateful to have a financial partner like Century to help us navigate the challenges this model presents, especially at the acquisition stage, with flexibility and creativity.”

“Thank you very much for your support. We are nearing the finish line. Working under the current world conditions has been a challenge. You have made things better.”

“Your funding was the first commitment to the project, and was critically important! We appreciate our partnership with Century.”

“Thanks so much for your dedication in the middle of the pandemic and challenging times to finalize this loan. We really appreciate it and looking forward to a long term relationship.”

Our Clients

See Century’s 25-Year Report for more about our history and dedication to transforming lives throughout California.

Contact a Loan Officer

Josh Hamilton
Senior Vice President, Lending
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(310) 642–2030

Nick Friend
Vice President, Lending
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(415) 816–2462

Tracey Burns
Vice President, Construction Lending
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(310) 642–2004

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