Affordable housing | Trust Choice Bank

Community development lending

We actively lend in your communities

In 2021, we originated, refinanced or purchased $812 million in loans for affordable housing, which created or retained 4,281 housing units for low- and moderate-income individuals or families. Of this total, more than $545 million were construction loans on properties subsidized with low-income housing tax credits, which created 1,590 new housing units.

Rhonda's Place

We provided an $11.6 million loan to facilitate the construction of a 49-unit low-income housing tax credit property known as Rhonda’s Place in Denver, Colorado. Residents include individuals with a disabling condition, disabilities or special needs who have a history of homelessness. Residents will receive services to help with mental health, substance abuse, employment and medical care.

Weingart Tower

We provided a $102.4 million loan to facilitate the construction of a 278-unit apartment tower with subterranean parking spaces in the Skid Row district of Los Angeles. The property will serve the homeless population and contain a mix of studio and one-bedroom units. The property will provide residents with the tools and support necessary to stabilize their lives, secure income and find permanent housing.

We can help you improve your community

As a non-profit lender we have in-house expertise to assist you in structuring a loan that will benefit your current or upcoming project and ultimately the community where it will be located.

Portfolio lender

We are a portfolio lender that provides you with tax-exempt and taxable loans from $5 to $50 million to fund projects that utilize 4.00% and 9.00% low-income housing tax credits, LITHCs.

Types of financing

We self-fund our loans, offering you flexibility that can include fixed interest rates and debt sizing account for changing projects demands. When you are in need of construction and permanent financing to get a project built we can help.

You can trust our experience

We have the ability to execute a variety of transaction structures. Annually, we originate $500+ million in affordable housing loans and we have the on staff experience to efficiently structure and execute your next project today.

Recent deals we've closed

Here are some of the recent transactions we have completed for client to give you a better understanding of the work we can do for you.

Affordable Housing

Montclair Villas

Undisclosed

45 units
Affordable housing apartments
Jefferson Park

Los Angeles, CA