This month, Century celebrated the grand opening of The Sequoia, a more than 100-year-old former residential hotel in downtown Sacramento that now provides affordable housing for community members who have experienced homelessness. The Sequoia offers 88 permanent supportive housing units with modernized building systems, improved resident spaces, and on-site supportive services. The John Stewart Company […]
City leaders, community partners, and project team members gathered on Thursday, Aug. 6, to celebrate the grand opening of Atto on Hobart—Koreatown’s first completed affordable housing development advanced through the City of Los Angeles’ Executive Directive 1 (ED 1). Developed by Leo Lee of Atto Properties, the project received acquisition and construction financing from Century. […]
Napa is an international travel destination, known for its wineries, restaurants, and resorts. Yet many of the people who keep the area running can no longer afford to live there. With home prices far outpacing local incomes, homeownership has slipped out of reach for many working households. The Redwood Building is designed to change that. […]
Community leaders and housing partners gathered on February 27 to celebrate the opening of Red Tail Crossing, Westchester’s first 100% affordable housing community developed by Community Corporation of Santa Monica. The new development provides 102 homes for households earning between 15% and 60% of the Area Median Income, including apartments reserved for individuals experiencing homelessness […]
Century Housing, Lument, and Downs Pham & Kuei LLP proudly hosted the California Developer Roundtable last week, convening leaders from across the affordable housing industry for an afternoon defined by collaboration and practical problem-solving. This year’s program offered a clear-eyed look at the policy landscape, capital markets, and development realities shaping 2026. From evolving state […]
Villa Esperanza celebrated its grand re-opening on December 11, welcoming residents, partners, and local leaders to mark the completion of a comprehensive rehabilitation of the 21-unit affordable housing community in Gilroy. Owned and operated by Eden Housing, Villa Esperanza provides stable, affordable homes for individuals with disabilities and families and plays a key role in […]
Last week’s grand opening of Friendship Terrace in South Pasadena marked a joyful homecoming for residents returning to their newly rehabilitated apartments. The 12-unit building, originally constructed in 1953, has been thoughtfully renewed by Pasadena Friendship Community Development Corporation (PFCDC) with construction financing from Century Housing. “Any day we get to celebrate new or revitalized […]
Century Housing is helping lead the way on developments approved under Executive Directive 1 (ED 1), Los Angeles Mayor Karen Bass’s initiative to accelerate housing production in response to the city’s homelessness crisis. Through our construction lending, we’re helping make the 21st Street Apartments a reality—a five-story, 47-unit community that will function as a 100% fully affordable […]
Century Housing had a milestone year in construction lending in 2024, stepping up as traditional lenders pulled back. By providing critical construction financing, Century enabled mission-driven developers to move forward with affordable housing projects that leveraged Portfolio Reinvestment Program (PRP) funding or 9% Low-Income Housing Tax Credits (LIHTC). One example is SRO Housing Corporation’s rehabilitation […]
CULVER CITY, CALIF. (Aug. 5, 2025) — Century Housing Corporation has once again earned high marks for its financial strength and stability, with Fitch Ratings and S&P Global Ratings reaffirming the community development financial institution’s (CDFI’s) issuer credit rating and long-term credit rating of ‘AA’. In addition, Fitch reaffirmed its highest short-term rating of ‘F1+’ for […]
Century Housing is proud to spotlight Domus Development, a longtime client and trusted partner dedicated to creating housing that meets the needs of vulnerable Californians. Most recently, Domus repaid two Century-financed acquisition loans supporting meaningful new developments in both Northern and Southern California. Oak Park Senior and Oak Park Family Apartments – Chico, CA In […]
Century Housing Corporation has received a $725,000 Financial Assistance (FA) Award from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. We learned of the award last fall as part of the FY 2024 CDFI Program funding round announcement—and the funds arrived this week. This award is part of the CDFI Fund’s […]
Century Housing, Lument, and Downs Pham & Kuei LLP proudly hosted the California Developer Roundtable on Tuesday, Feb. 4, 2025, bringing together leaders in real estate development, finance, and policy for an insightful day of discussions on the future of affordable housing. This annual gathering continues to be a key platform for collaboration and knowledge-sharing, […]
This year, Century Housing celebrated the grand opening of National CORE’s Santa Angelina community, which highlights innovative approaches to affordable housing. Developed on church property in Placentia in conjunction with the Episcopal Diocese of Los Angeles, Santa Angelina showcases how religious institutions can help address California’s housing needs. While it predates Senate Bill 4, which […]
Nonprofit Housing Developer to Rehabilitate Apartment Complex and Keep Rents Affordable INGLEWOOD, CALIF. (Oct. 8, 2024) — Today, Century Housing Corporation announced the closing of its first loan through the Inglewood Home Assist Fund with Community HousingWorks, a nonprofit affordable housing developer. Community HousingWorks has acquired Stadium Village, an 80-unit complex in Inglewood, to maintain […]
Orange County, known for its world-renowned attractions like Disneyland and its stunning coastline, has a rich history as a tourist destination. For decades, motels along the famed “Road to Summer,” Beach Boulevard, provided affordable lodging for out-of-towners. Today, many of these properties have fallen into disrepair. However, for community members on the brink of homelessness, […]
Century Housing, Lument, and Downs Pham & Kuei LLP hosted the California Developer Roundtable on Thursday, Feb. 15, our annual gathering of real estate development leaders and partners. We are grateful for the participants who faithfully attend our roundtable every year, as well as the new faces who joined us. It was also an honor […]
by Nick Friend, Director, Northern California Century recently closed its latest Portfolio Reinvestment Program (PRP) project with Eden Housing: Vista Verde, a 76-unit apartment complex in Santa Cruz County, which is undergoing rehabilitation as part of California’s innovative PRP initiative. Through this program, the state is repurposing leftover federal COVID relief funds to support aging properties with […]