Century Housing finances affordable housing developments throughout California. From acquisition loans to bridge and construction loans, Century has worked for more than 25 years to provide tax-credit developers and infill developers with innovative loan solutions and responsive service.
Although we do not offer housing directly, you can learn more about Century developments at centuryaffordable.org.
Copyright © 2023 Century Housing
PRIVACY POLICY
In a First for a CDFI, Century Housing Launches Commercial Paper Program
/in investing, sustainability, Sustainable impacts notesSustainability-labeled commercial paper program designed by U.S. Bank will help fund affordable housing developments in California MINNEAPOLIS (December 20, 2022) – Century Housing Corporation and U.S. Bank announced today that they have utilized an innovative capital markets solution to help fund Century’s affordable housing development projects. Century’s new sustainability-labeled commercial paper program provides the organization […]
Century Housing Reaches $100 Million Milestone in Distribution of Century Sustainable Impact Notes Targeting Affordable Housing Development
/in investing, Sustainable impacts notesImpact Investments Promote Sustainable and Energy Efficient Building Practices Century Housing has achieved a significant impact investing milestone by issuing more than $100 million of Century Sustainable Impact Notes (“Notes”), the net proceeds of which refinance existing indebtedness and finance affordable housing developed with energy efficient features, sustainably sourced materials, and in close proximity to […]
Century Emerging Developers Program Helps Minority-Owned Businesses
/in acquisition loan, loan closing, new programs, preservation, seniorsCentury closed its second loan utilizing the Century Emerging Developers Program with a local nonprofit active in the affordable development space. Through the program, Century provides financing to minority and women-owned developers who, because of organizational size, lack of capitalization, or limited track records, do not have access to financing on the same terms as […]
Happy 25th to Century Villages at Cabrillo!
/in awards, community support, housing eventEarlier this month, we celebrated the 25th Anniversary of Century’s stewardship of the Villages at Cabrillo at the Aquarium of the Pacific in Long Beach. More than 200 guests joined us representing our myriad stakeholders that have contributed to the creation of this special community over the years. A community premised on housing and serving […]
Mayor Eric Garcetti joins CADI for The Banning Groundbreaking
/in GeneralThe Banning, our first HHH development in the City of Los Angeles and a proud moment for Century, broke ground yesterday. For those that weren’t able to join us, it was a spectacular event that featured our Mayor, Eric Garcetti, State Senator Steven Bradford, Assemblymember Mike Gipson, our Board Chair Yvonne Burke and others. It […]
First State of California CDFI Fund Approved
/in General, housing policyRecently, Governor Newsom signed the 2022-23 CA state budget, which includes authorization of $50M to establish the California Investment and Innovation Fund, a state-level Community Development Financial Institution (CDFI) fund. This is a great moment for CDFIs and the communities they serve. This investment will strengthen and further support the work of CDFIs that are actively engaged in […]
The Veterans Collective Is Seeking Vital Funding for the West LA VA Campus
/in community support, homeless, veteransCentury Housing is a proud partner of The Veterans Collective. Alongside Thomas Safran & Associates and U.S.VETS, we are working hard to transform the West Los Angeles VA North Campus into the largest supportive housing community in the United States for homeless and at-risk Veterans and their families. The Veterans Collective last week launched a […]
New York Life Commits $50 Million in Long-Term Capital to Century
/in community support, General, investingNew York Life, America’s largest and most admired mutual life insurer, announced a commitment of $50 million in long-term capital to Century Housing. Century serves as a vital capital provider in low-income communities across California and is dedicated to delivering responsible and affordable lending to mission-aligned customers. Century has invested more than $2.3 billion in […]
Century Acquires CityView project, Preserves 296 Affordable Homes for Seniors
/in preservation, seniorsCentury is pleased to announce the $66.5 million acquisition of CityView apartments, a 296-unit multifamily senior housing community located on a 2.58-acre site in the Wrigley area of Long Beach, California. Homes at the community serve senior households earning at or below 60% of Area Median Income (AMI). Renovated in 2015, City View includes upgrades […]
Century Housing Announces The Century California Fund Investment Initiative
/in community support, General, investing, new programsCentury Housing announces the Century California Fund (CCF) investment initiative to help close the gap in economic and social disparities in California. Since its founding, Century has been focused on addressing the lack of diversity, equity, and inclusion in the communities it serves. Consistent with its mission, Century is making a further investment in underserved […]
Thank you, Wells Fargo, for $125k award!
/in awards, GeneralCentury headed into the summer with the renewed support of one of our longest and strongest financial partners: Wells Fargo! A $125,000 award will support ongoing efforts to preserve and build affordable housing at three Century developments: the Villages at Cabrillo (CVC, Long Beach), One San Pedro (OSP, San Pedro), and the West LA VA […]
Century Celebrates Legislative Win for West Los Angeles VA Campus
/in homeless, housing policy, veteransCentury, as a proud member of the West LA Veterans Collective, joined Senator Dianne Feinstein and Congressman Ted Lieu (both D-California) in applauding President Joe Biden for signing the West Los Angeles VA Campus Improvement Act into law Wednesday. Both the Senator and the Congressman are long-time supporters of the West LA VA Campus and […]
Century Celebrates The Beacon
/in GeneralCentury Housing, in partnership with the City of Long Beach and The Long Beach Community Investment Company, invited the public to celebrate the completion of The Beacon last week with a virtual event featuring a video presentation acknowledging the many partners and agencies that made the development a success. Home to more than 200 veterans […]
Century Makes 2021 Best Nonprofits to Work For List
/in awardsWe are honored that, once again, Century made the 2021 Best NonProfits to Work For list! The list is published annually by The NonProfit Times, the leading national business publication for nonprofit management. Participating nonprofits were vetted via a host of surveys, including employees, managers and outside vendors. In this national competition, Century was ranked Number 10 among its peer medium organizations and Number 21 among all nonprofit organizations. Century […]
Pandemic Puts Homeownership in African American Communities at Risk
/in community support, covid, families, housing policy, landlord/tenant, market conditions, mortgage-default-foreclosureIn the post-COVID-19 era, African American homeownership in Los Angeles County is predicted to reach an even more concerning level. During the 2007 recession, foreclosure rates among African American homeowners were three times that of non-Hispanic Whites. According to the recent UCLA Center for Neighborhood Knowledge’s Saving Black Homeownership report, the significant homeownership gap between […]
Century Housing Municipal Bond Awarded Sustainability Bond of the Year
/in awards, investing, market conditions, sustainabilityCentury Housing’s 2020 Sustainability Bond, which raised $85 million to directly support quality affordable housing throughout California, today received the Sustainability Bond of the Year Award from Environmental Finance in the US muni bond category. These Awards seek to recognize those bonds that excel, innovate in and contribute to the successful development of the market […]
Century Launches Note Program To Fund Affordable Housing
/in investing, sustainability, Sustainable impacts notesInvestors are offered an investment-grade opportunity to support Century’s efforts to address social inequalities associated with housing shortages worsened by the COVID pandemic Culver City, CA (February 1, 2021) — Century Housing, a nonprofit Community Development Financial Institution (CDFI) dedicated to creating quality affordable housing throughout California, today announced the launch of an offering of […]
Looking Back on 2020
/in acquisition loan, awards, community support, construction loan, covid, families, groundbreaking, housing event, loan closing, seniors, sustainability, veteransAs we reflect back on a challenging 2020, we’d like to recount a sampling of the Century team’s proudest achievements. These accomplishments reflect the best of Century’s values, advancing our mission of making homes the cornerstone of a thriving and just society. Century celebrates 25 years of service with two $25,000 donations to charter schools […]
Developers Respond to Prolonged Pandemic
/in covidCentury 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 Honored with SCANPH’s Award for Overall Excellence
/in awards, elements of design, homeless, housing event, seniors, transit-oriented, veteransWe 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 Shines With PCBC Gold Nugget Grand Award
/in awards, elements of design, seniorsCentury’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 […]
Fitch Assigns ‘AA’ Rating to Century
/in GeneralCentury 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 […]
Century Housing Announces Bond Offering of up to $100 million to Fund Affordable Housing Development
/in market conditions, new programsCentury 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 […]
Century Wins LABBC 2020 Innovation Award!
/in awards, elements of designWe 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% […]