Centrant Community Capital Surpasses $400 Million Milestone in Affordable Housing Lending

As we approach the end of 2021, we are excited and humbled to have achieved yet another milestone during an amazing year. While each of these achievements is noteworthy on its own merits, collectively they demonstrate the power and impact of the long-standing partnerships we enjoy with the banking and affordable housing development communities. Here’s a brief recap:

• On December 19, 2020, Centrant celebrated its 30^th year of operation;
• In April of this year, we closed our 400^th loan;
• In September, we issued our 500^th loan commitment;
• And yesterday, we surpassed $400 million in total loans funded.

Oliver’s Trace is a new, 88-unit community located in Winston-Salem, NC. Developed by Taft-Mills Group, LLC, the property offers a mix of one-, two- and three-bedroom units to families earning 30-60% of area median income. The project received a federal low income housing tax credit (LIHTC) allocation in 2019 from the North Carolina Housing Finance Agency. Centrant Community Capital has provided a $2,036,011 permanent mortgage loan to round out the financing needs for the project.

We are extremely grateful to Taft-Mills Group, LLC for the opportunity to support the development of Oliver’s Trace, and to the ten community banks who provided the funding behind Centrant’s loan!