Centrant Community Capital is a mission-driven lender, leveraging the resources of the banking industry to finance the creation and preservation of qualify affordable housing.
Established in 1990, Centrant provides first-lien, permanent financing for apartment communities that are affordable to low- to moderate income households. All funding for Centrant’s loans is provided by a network of nearly 100 member banks, which provide voluntary loan-by-loan participation commitments to support their individual lending, CRA and investment goals. This consortium model enables member banks of all sizes to support community reinvestment efforts in the markets they serve in a safe, profitable manner.
To date, Centrant Community Capital has provided $425 million in loans to support the development of 23,000 units in over 400 apartment communities across the Southeast.
Community Housing Capital (CHC), a national Community Development Financial Institution intermediary, serves exclusively as a direct lender to the NeighborWorks network. Incorporated in 2000, Community Housing Capital is certified as a community development financial institution and a community development entity by the U.S. Treasury’s CDFI Fund. It has financed over 8,100 units of affordable housing.
Lending to members of the NeighborWorks network, CHC provides both interim real estate development loans and permanent multifamily loans with favorable rates and terms. Loans are underwritten with the flexibility required to finance complex transactions with multiple layers of subsidies. To implement its loan programs, CHC uses grant funds provided by NeighborWorks America and the CDFI Fund to significantly leverage private-sector debt capital from socially responsible investors.