Banc of California
Banc of California is a mid-sized financial institution, with $10 billion in assets, headquartered in Santa Ana, California. Banc of California serves the state of California with 30+ banking branches in Southern California, from Santa Barbara to San Diego.
In the affordable housing space, Banc of California assists with construction or rehabilitation of owner-occupied housing and provides competitive solutions for real estate development businesses. With financial and service support, their real estate clients are able to contribute to the construction or rehabilitation of affordable housing. Banc of California partners with the following organizations:
- Affordable Housing Clearinghouse (a non-profit organization that provides financing for affordable housing and homeownership)
- NeighborWorks (a national community development financial intermediary chartered by Congress to assist lower- and middle-income homeowners and boost homeownership in urban and rural markets), and
- Mary Erickson Community Housing (affordable housing developer based in Orange County).