We are proud to be one of the many CDFIs channeling capital into otherwise economically underserved communities nationwide. Since 2017, we have financed over 3,000 affordable homes, aided by awards from the CDFI Fund. The CDFI Fund’s programs are essential to our work and our ability to attract and leverage private capital.
Century is a CDFI, and we finance affordable housing and provide capital to underserved communities. We urge continuation of investment and support the appropriation of critical funds to produce more housing.
CDFIs fill a critical void in funding the development of affordable housing. They provide below market interest rates, have flexible terms, and can respond to critical funding needs with more flexibility than a traditional bank/credit union.