Developers Respond to Prolonged Pandemic

Century provided financing to Jamboree Housing for the acquisition of a motel in Buena Park that will be converted into permanent supportive housing using 9% LIHTC. The motel was long past its useful life, and Jamboree will complete needed upgrades to the units to help transition individuals from homelessness to housing. Upon completion, Jamboree will add […]

The Beacon Wins at SCANPH

The Beacon Honored with SCANPH’s Award for Overall Excellence

  We are proud to share that our Long Beach development, The Beacon, was awarded Multi-Family Development of the Year by SCANPH at the Annual Conference’s Homes Within Reach Awards Ceremony. The award recognizes excellence in affordable housing among projects completed in the last year. Selections are submitted by SCANPH members and chosen by an […]

The Beacon wins PCBC Golden Nugget

The Beacon Shines With PCBC Gold Nugget Grand Award

Century’s commitment to exceptionally-designed affordable housing was recognized with a PCBC Gold Nugget Grand Award for Best Affordable Senior Housing Community presented to our Long Beach development, The Beacon. The seven-story, 121-unit building, centrally located near public transit and serving as a physical gateway to Downtown Long Beach, overcame a series of funding and approval […]

Century receives 'AA' stable rating from Fitch

Fitch Assigns ‘AA’ Rating to Century

Century Housing announced that it has been assigned a ‘AA’ Rating with a stable outlook by Fitch Ratings, one of the major nationally recognized financial rating organization. Fitch also assigned a AA rating with stable outlook to Century’s recent municipal bond offering, the first municipal bond offered by a Community Development Financial Institution, which raised […]

Street View of Century Housing Office in Culver City

Century Housing Announces Bond Offering of up to $100 million to Fund Affordable Housing Development

Century Housing will issue up to $100 million in ESG municipal CUSIP bonds to advance their mission throughout the state of California, becoming the first CDFI to come to market with a municipal bond CUSIP and the first CDFI to be rated by both Fitch and S&P (AA and AA-, respectively).  The third-party opinion by […]

LABBC Award logo and header signifying Innovation Award Winners

Century Wins LABBC 2020 Innovation Award!

We are proud to announce that Los Angeles Better Building Challenge has honored Century Housing with the 2020 Innovation Award: Affordable Multifamily Performance Project of the Year for the efficiency standards reached at two Century-developed affordable communities: Florence Avenue Villas and Morehouse. Century’s rehabilitation work resulted in a 54% energy reduction at Florence, and 40% […]

Our Mission Continues

Dear Clients, Partners, and Colleagues, I hope you are staying safe and sound while we work collectively to minimize the impact of COVID-19. Here at Century, we remain focused on our mission as we follow CDC guidelines by avoiding in-person meetings and unnecessary travel. We have been successful in setting up our remote office network […]

2019 Results Repeated

2019 Was Our Best Year Ever!

We don’t want to sound like a broken record, but the record has been broken yet again! Century financed 4,274 affordable and workforce homes in 2019, a near 200 home increase from the previous year, which was also a record high. On average, these homes will be available to individuals and families earning 46.22% of […]

Century Leads AHP Sponsorship in California

Century sponsored eight successful applications for Affordable Housing Program (AHP) grants in FHLBank San Francisco’s 2019 funding competition. The eight sponsored projects were awarded a total of $6,730,000 in subsidies this year, making Century the second highest-ranking member participating in the competition, and the most active AHP application sponsor in California. The AHP grants will […]

Century Treats Clients To Evening at Hotel Figueroa

Last Thursday, Century held its annual Client Appreciation event at the newly-renovated Hotel Figueroa in Downtown Los Angeles. The iconic hotel’s new 14-story floral mural served as the backdrop to some of California’s most prolific affordable housing developers comparing notes and building out their social network. Josh Hamilton, Century’s Senior Vice President of Lending, thanked […]

Oakland homes for families and Veterans

500 Lake Park Avenue (pictured): Nonprofit developer EAH Housing, Inc. has secured a half acre site in prime Central Oakland for the construction of 54 affordable family homes using Century acquisition financing. The affordability restrictions are weighted towards the deeply affordable with 8 units restricted to 30% of AMI and 11 units restricted to 40% […]

Recent impact in Los Angeles and San Diego

Calvert Apartments (pictured): The San Fernando neighborhood of Van Nuys will gain 19 workforce homes thanks in part to a Century construction loan. The property is located in a low-income census tract within walking distance of several office parks, retail options and the 2000-acre Sepulveda Basin Recreation Area. The three story building with a 35 […]

Preservation Critical to Maintaining Affordable Housing Stock

  Preserving existing affordable housing is as important as creating new affordable housing. Each year, even as demand increase, the United States loses more than half a million affordable homes due to expiring affordability restrictions, conversion to more expensive housing, or building deterioration.1 Without intervention, we are in danger of permanently losing the current supply of […]

Century Impacts Throughout California

Ramona Senior Apartments (pictured above): Chelsea Investment Corporation received acquisition and predevelopment financing to develop 62 new homes for low-income seniors, 20 of which will target seniors transitioning from homelessness. The development was awarded with 9% LIHTC financing as well as AHP and HOME funds and will feature a mix of 50 one-bedroom and 11 […]

California Developers’ Conference

The 2018 Annual California Developer’s Conference, co-hosted by Century, brought together affordable housing developers, lenders, and investors to share insights, connections, and hors d’oeuvres at the Beverly Hills Hotel. Panels covered federal, state, and local issues and developer concerns in a post-tax reform world. Chris Thornberg returned as keynote speaker to paint a positive picture […]

Century Celebrates Opening of Anchor Place

Yesterday, Century, the City of Long Beach, and dozens of partners and supporting agencies celebrated the grand opening of Anchor Place, a 120-unit affordable housing development for families and veterans experiencing homelessness. Located within the Century Villlages at Cabrillo campus owned and operated by Century, the five-story development includes 75 units reserved for veterans experiencing homelessness and 45 […]

Century Impacts in September

Mariposa Villa (pictured): $1,400,000 in acquisition financing to developer Leo Lee Family Trust will help convert a parking lot into 33 rental units. With little new construction and rehab of older residential and multi-family buildings within the immediate area, as well as easy access to public transportation, Mariposa will provide much needed workforce housing to […]

Century Named Top 25 Affordable Lender

Century Housing Corporation was named among the nation’s Top 25 affordable housing lenders in 2016 by Affordable Housing Finance magazine for the third consecutive year.  “It is a major accomplishment to be included among lending giants such as Citi Community Capital, Wells Fargo, Bank of America Merrill Lynch, and JP Morgan Chase. As the only […]

Century Launches Coming Home Fund, High-LTV Veteran-Focused Financing

Century proudly announces the launch of a new high-LTV acquisition product, the Century Coming Home Fund, designed to deliver flexible financing targeting veteran-focused development throughout California. The fund leverages Century’s near twenty year experience with financing veteran housing with new federal and state programs designed to end veteran homelessness. Century Coming Home Fund Highlights: Loan-to-value […]

Yes on H, Defeat S!

Century is joining Southern California Association of Nonprofit Housing (SCANPH) in officially endorsing Measure H and opposing Measure S on the March ballot. To join the fight for passing Measure H and help support homeless services throughout the County of Los Angeles, share the fact sheet and fill out this form to volunteer. If you […]

Recent Developments

Village Oaks and Casa Del Sol Two developments financed on a behalf of a joint venture between developer Southport Financial Services and Community Development Trust (a national affordable housing REIT) will bring a combined total of 197 homes at approximately 40% of AMI to Northern California. A $4,207,500 acquisition loan to Southport will develop Village […]

SCANPH awards Century clients, attracts record crowd

Century is proud to have provided financing for two of the Annual Homes Within Reach Award winning developments at SCANPH’s 30th Anniversary Conference on September 18th: Beyond L.A. Project of the Year awardee Affordable Living for the Aging with the Janet L. Witkin Center in West Hollywood and Developer of the Year Skid Rown Housing […]

Century celebrates 20 years of service

Century held its anniversary dinner at the National History Museum on September 5th to celebrate 20 years of service to low-income and homeless families and veterans throughout California. Attended by The Honorable Judge Harry Pregerson, his wife, Bernardine Pregerson, Century’s Board, staff, dignitaries, and friends, the event highlighted the social impact of programs created by […]

Annual Report: Preservation deals propel Century beyond 25,000 homes financed

Fresh off the virtual presses, the Century Annual Report is a brief recounting of our most successful year in terms of homes financed and loan production. This year, we highlight high-impact preservation deals in Northern California that have helped Century reach the 25,000 homes financed milestone. One such development, which utilizes the Golden State Acquisition […]