Scholarship Recipients Find Success

Community Fund

Stories From the Century Villages

Development Snapshot

Lending Highlights Throughout California

Impact Investment

Scholarship Recipients Find Success

Community Fund

Stories From the Century Villages

Development Snapshot

Lending Highlights Throughout California

Impact Investment


The year 2022 represented a time of transition as the world started to emerge from the COVID pandemic. These changes impacted the work that Century Housing does on multiple fronts as a funder, developer, and manager of exceptional affordable housing across California.

As a lender, we provided reliable, expeditious service to affordable and workforce housing developers across the state. We made inroads in new real estate markets, especially Northern California where we grew our footprint and impact on underserved communities. As a builder, we made significant progress on developments across the greater Los Angeles area, including the West L.A. Veterans Affairs North Campus which will become home to thousands of Veterans in need. As an operator of permanent supportive housing, we ensured our residents enjoyed high-quality, affordable homes and vital services to help them on their personal journeys.

Our commitment to improving the lives of our neighbors is evident through the dedication of our staff, who contribute meaningfully to our singular mission of affordable housing. We are grateful for the passion they bring to our important work every day. We are also thankful to our board members, partners, investors, donors, and supporters who help bring our mission to life. The housing crisis is complicated, but the tenacity and advocacy of our colleagues inspire hope for equitable, lasting solutions.

With more than 25 years of experience, Century has a strong foundation upon which we are continuing to expand, as evidenced by new initiatives like the Century Community Fund and the Emerging Developers program. We invite you to continue to grow with us as we pursue a better future for all Californians.


We finance, build, and operate exceptional affordable housing so that the people we serve may have a dignified home, a healthy and hopeful future and attain economic independence.

Yvonne B. Burke
Chair, Board of Directors

Ron Griffith
President & CEO

Impact Investment

Century Housing Corporation has nurtured quality affordable housing development across the state since 1995. As a mission-driven community financial development institution, we provide innovative end-to-end financing for developers—and move projects forward to bring more Californians home.

2022 Impact Map

Multifamily affordable housing financed throughout California.

Northern California Expansion

Century continued its expansion into the Northern California market in 2022, generating $81 million of loans—which represents 40% of Century’s loan closings by principal amount. With new clients like MidPen Housing and Novin Development, Century has begun to reach new levels of market recognition in Northern California, comparable to more established regional CDFIs. Century also deepened its relationships in Northern California through permanent loan offerings, with terms that include early locked rates, generous repayment terms, 40-year amortization, and an in-house servicing model. Century’s dependable execution has been invaluable for developers looking for a well-priced asset.


Homes Financed in 2022

Lending Transactions Chart


Construction Jobs Created


Total Loan Portfolio

including $60M in permanent loans


Loans Originated in 2022
(Record Year)

Development Snapshot

Century is thriving as a developer and manager of affordable and supportive housing communities throughout Southern California. Our housing group comprises Century Affordable Development, Inc. (real estate development), OASIS (residential services), asset management, property management, and the Century Villages at Cabrillo (CVC) community, which opened in 1998.


Homes in Portfolio


People Housed


WLAVA Campus Rendering

West LA VA Campus

Century made steady progress on its developments on the West LA Veterans Affairs North Campus. Along with our partners in the Veterans Collective, we closed construction financing and broke ground on more than 200 new apartment homes, and executed a Principal Developer Enhanced Use Lease after more than three years of negotiation. We also closed on the partnership and construction financing for Building 404, our first development on the campus, and received an allocation of credits and bonds for Building 156/157.


Century RCV Rendering

LA County Restorative Care Campus

Century submitted a winning proposal to develop up to 300 homes at the Restorative Care Village adjacent to Los Angeles General Hospital. The community will also include a peer respite shelter and workforce development space.


Uptown Acres

Century entered into an agreement with the City of Long Beach to develop a site in North Long Beach that will—with an adjacent Century-owned site—include up to 220 supportive homes, as well as a permanent year-round shelter and medical clinic.


Costa Mesa Village

Century closed on the acquisition of Costa Mesa Village, our first asset in Orange County which provides nearly 100 homes for residents, many of whom have disabilities.


The Cove (CVC)

Century closed on the construction and partnership financing for The Cove at CVC, which will provide homes for 90 Veterans including 60 homes for Veterans who have experienced homelessness.


The Banning

Century closed on the construction and partnership financing for The Banning in Wilmington, which will provide 64 homes for people who have experienced homelessness.


The Moonstone

Century closed on the acquisition of the Moonstone, our first Project Homekey asset, that will provide 20 homes for people who have experienced homelessness.


Housing Stability


Resident Income Growth


Resident Rent Savings

on average for 12-month period at Century-owned properties

Financial Position

Century Housing and Consolidated Affiliates
December 31, 2022


Cumulative growth bar chart


Homes Financed Cumulatively

Total Assets$718,911,255$816,533,440$923,141,131$975,620,828
Net Loans Receivable284,519,978366,592,660366,708,545363,243,866
Cash & Marketable Securities150,386,803155,153,886171,621,889174,827,614
Net Real Estate276,490,098286,024,435372,771,001415,947,090
Total Net Assets239,397,653278,698,162325,873,529329,406,622

Thank You!

We are grateful for the supporters and partners of Century Housing Corporation and our affiliates.

Corporate & Institutional Supporters

Bank of America

Bank of New York

California Community Reinvestment Corporation

California Municipal Finance Authority

Cedars-Sinai Medical Center

Charles Schwab Bank

Citi Community Capital

City National Bank

Federal Home Loan Bank of San Francisco

Home Depot Foundation


JPMorgan Chase & Co.

New York Life Investors, LLC


Tunnel to Towers Foundation

U.S. Bank

U.S. Department of Treasury CDFI Fund

Wells Fargo Bank

Affordable Housing Developers

Abode Communities

Affirmed Housing Group

Alliance Property Group

AMG & Associates

Bridge Housing Corporation

Burbank Housing Development

C&C Development

Cesar Chavez Foundation

Charities Housing Development

Chelsea Investment Corporation

Community Corporation of Santa Monica

Community Housing Partnership

CRP Affordable Housing & Community Development

Danco Communities

Domus Development

EAH Housing

East Bay Asian Local Development Corporation

East LA Community Corporation

Eden Housing

Elsey Holdings

Excelerate Housing Group

Father Joe’s Villages

HIP Developments

Hollywood Community Housing

Housing Diversity Corporation

Jamboree Housing Corporation

Jemcor Development Partners

Kingdom Development

LA Family Housing

Linc Housing Corporation


Many Mansions

Mercy House

Mercy Housing California

Meta Housing Corporation

MidPen Housing Corporation

Mission Economic Development Agency

National Community Renaissance

Ocean Development

The Pacific Companies

PATH Ventures

The Richman Group

ROEM Development Corporation

Solutions For Change

Southport Financial Services

The Core Companies

The Richman Group

Thomas Safran & Associates

Trestle Development

Triton Community Development

USA Properties Fund

Veloce Partners

Visionary Home Builders

Wakeland Housing and Development Corporation

West Hollywood Community Housing

Essential Workforce Housing Developers

Steven Bram

Gina Candari

Komova Chandran

Prakash Chandran

Michael Cohen

Diversified Equities

Steven Friedman

Alexis Gevorgian

Yoram Hassid

Alfons Ibrahim

Shahar Kalev

Chong Lee

Jonathan Lee

Leo Y. Lee

Uzi Levy

Edward Lorin

Noam Matas

Efi Meirson

Behzad Okhovat

Timothy R. Roth

Ahmad Samie

Soledad Enrichment Action

Hassan Soltani

Yehunda Trattner

Michel Welter

Government Partners

California Department of Housing and Community Development

California Housing Finance Agency


City of Long Beach

City of Long Beach Housing Authority

Housing Authority of the City of Long Beach

Los Angeles County Development Authority

Los Angeles Housing Department

U.S. Department of Veterans Affairs

Special thanks to our donors who gave $10,000+ to support the Oasis Residential Services at the Century Villages at Cabrillo.

Bank of America Charitable Foundation

Boeing Co.

The Earl B. and Loraine H. Miller Foundation

EPIC Insurance Brokers & Consultants


Ignite Cultural Solutions Foundation (ICS Foundation)

Josephine S. Gumbiner Foundation


The Rudolph J. and Daphne A. Munzer Foundation

U.S. Bank

Walton Construction, Inc.

Much gratitude to the Century Housing Board of Directors for their dedication and leadership.

Yvonne B. Burke, Chair

Christopher David Ruiz Cameron

Carrie Hawkins

R. Steven Lewis, Vice Chair

Daniel B. Lopez

Louise Oliver

Kristina Olson

Darroch “Rocky” Young