When Robert “Bob” moved into his apartment at Building 404 on the West LA VA campus this spring, it marked more than a change of address—it was a turning point. After months of treatment and recovery, and more than a year sleeping in his truck, he finally had a front door, a kitchen, and a […]
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 […]
Members of the Century community gathered on Wednesday, Oct. 29 at the Audrey Irmas Pavilion in Los Angeles to celebrate three decades of impact in affordable housing. The evening brought together longtime partners, community leaders, board members, and staff to honor a legacy that began with the Century Freeway Housing Program and continues today through […]
Solis and Century Housing Break Ground on 146 Supportive and Affordable Homes at Restorative Care Village of LA General Medical Center LOS ANGELES, Calif. — Los Angeles County Chair Pro Tem and First District Supervisor Hilda L. Solis, along with Century Housing, joined community partners and supporters today in celebrating the groundbreaking of Century + […]
Century is proud to announce the opening of Villa Vanowen in Van Nuys. Developed by Century Affordable Development, Inc. (CADI), the new community provides 64 apartments for people moving out of homelessness, along with on-site support to help residents build stable, independent lives. A recent move-in day brought meaningful moments as residents received their keys […]
Century Housing is pleased to share that Chief Strategy Officer Beulah Ku has been named to the Los Angeles Business Journal’s 2025 Leaders of Influence: Nonprofit & Philanthropy list, which spotlights executives advancing mission-driven work across L.A. County. As Chief Strategy Officer, Ku leads Century’s organizational growth strategy: cultivating high-value partnerships, exploring joint ventures and […]
When Phillip Brennan received the keys to his apartment at Building 404 at the West LA VA earlier this year, the moment was nothing short of life-changing. After decades of living in rented rooms, followed by a sudden loss of housing, Phillip had endured months of uncertainty before finally settling into a place he could […]
William Wong has joined affordable housing nonprofit Century Housing Corporation as Chief Financial Officer, effective Aug. 18, 2025. Wong brings nearly 40 years of international experience in corporate finance, accounting, tax, investments, financial planning and risk management. He has helped raise nearly $1 billion in equity and debt capital over the course of his career, […]
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’s mission to make affordable housing accessible for more Californians—through financing, development, and operations—underscores our basic goal: to create stronger communities where everyone can thrive. The Century Community Fund (CCF) extends our core business by supporting community-based organizations and students from low-income backgrounds. “It’s important that we not only focus on the housing itself, but […]
Century Affordable Development, Inc. (CADI) has closed on financing for Century + Restorative Care Village Phase 1, a transformative new development that will bring 146 affordable homes and critical health services to the East Los Angeles community. In addition to affordable and permanent supportive housing, the development includes a 12-bed peer respite program and thoughtfully […]
Century Housing is pleased to announce that Jim Mather has been appointed Acting President & CEO, effective Tuesday, June 10. A longtime leader in affordable housing and community development, Jim brings more than four decades of experience to the role and a deep understanding of Century’s mission and work. Jim joined the Century Housing Board of […]
Century Housing is proud to share two new publications that reflect a year of meaningful progress and impact: our 2024 Annual Report and our first-ever Investment Impact Report. As we mark 30 years of mission-driven service, the 2024 Annual Report highlights the partnerships, programs, and milestones that shaped 2024. Century helped finance more than 5,200 affordable homes, […]
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 builds housing. Here at CVC, we build people.” When Joseph “Joe” Haywood arrived at Century Villages at Cabrillo (CVC), he didn’t just find a job—he found a purpose. Today, as a longtime member of the Century team, Joe’s story reflects the heart of our mission: creating not only housing but opportunity, dignity, and lasting […]
Century Housing is proud to welcome Anita Nelson, Chief Executive Officer of SRO Housing Corporation, to our board of directors. With more than 35 years of experience across the nonprofit and private sectors, Ms. Nelson brings deep expertise in affordable housing development, operations, and fiscal management. Since 2003, she has led SRO Housing Corporation—an established […]
The transformation of the West Los Angeles VA campus continues with the opening of Building 404, a new permanent supportive housing community developed by Century Affordable Development, Inc. This 73-home community is made possible through The Veterans Collective—a partnership between Century, U.S.VETS, and Thomas Safran & Associates—reflecting a shared commitment to building a neighborhood where […]
Century Housing is pleased to welcome Robert Abbasi and Jim Mather to our board of directors. Mr. Robert Abbasi, founder and president of RTI Properties, Inc., brings over 40 years of experience in real estate investment, development, and finance. Under his leadership, RTI has managed a diverse portfolio of multifamily, retail, office, and manufactured home […]
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, […]
Dear Friends, The wildfires in Los Angeles County have brought devastating losses for many, including members of our affordable housing community. Our hearts go out to everyone impacted by this ongoing crisis, and we extend our deepest sympathies to those who have lost their homes. At Century, we understand that this disaster is still tragically […]
The Cove Brings 90 Apartments for Low-Income Veterans, Including Those Who Have Experienced Homelessness Century Housing celebrated the grand opening of The Cove this week with a ribbon-cutting ceremony, unveiling its newest affordable housing development exclusively for Veterans. Developed by Century Affordable Development, Inc., the 90-unit apartment community is the latest addition to Century Villages […]
This week, Century Villages at Cabrillo in Long Beach hosted the unveiling of a pivotal report linking public investment in housing to reduced homelessness. Leaders from the Los Angeles County Affordable Housing Solutions Agency (LACAHSA), the Homelessness Policy Research Institute, and United Way of Greater Los Angeles gathered at our supportive housing community to explore […]
At Century Housing, supporting Veterans in their journey toward stable housing and renewed independence is central to our mission. This Veterans Day, we are honored to share insights from Richard Pacheco, a Veteran and case manager with Century Oasis Residential Services at The Moonstone, who brings his own experiences to his work, helping fellow Veterans rebuild […]
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 […]
Homekey Conversion Transforms Former Motel into Permanent Supportive Housing for South Bay Residents Experiencing Homelessness REDONDO BEACH, CALIF. (Oct. 17, 2024) — Today, Century Housing marked the opening of The Moonstone, a community offering 20 studio apartments for residents who have experienced chronic homelessness. Century’s development affiliate, Century Affordable Development, Inc., transformed a blighted motel along Pacific […]
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, […]
This July, Century welcomed dozens of residents into our newly opened supportive communities in Long Beach and the South Bay: The Moonstone, The Banning, and The Cove. “Working in affordable housing can be stressful but move-in days remind us why we are here and what makes our field so special,” said Heather Sharp, Vice President […]
Ronald Griffith Stepping Down After 26 Years of Service to Century Housing as President & CEO and General Counsel CULVER CITY, CALIF. — The President & CEO and General Counsel of Century Housing, Ronald Griffith, recently announced his retirement from the organization, effective September 2, 2024. Mr. Griffith has served as President & CEO of […]
Century is excited for the publication of our 2023 Annual Report. The theme, “Partners for Change,” reflects our commitment to expanding our impact in close collaboration with industry partners, government agencies, community members, and clients. Learn how Century has made a difference across the state of California as a funder, developer, and manager of exceptional […]
ImpactAssets, the impact investing trailblazer with a decade-plus track record of mobilizing capital for good, today released the ImpactAssets 50™️ (IA 50) 2024, a free publicly available, searchable database of impact investment fund managers globally, with Century Housing Corporation on the list. The IA 50, now in its 13th year, is designed to offer a […]
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 […]
CULVER CITY, CALIF. – Century Housing, a nonprofit lender, developer, and manager of affordable housing, announced today that MacKenzie Scott donated $15 million to the organization through her philanthropic fund, Yield Giving. The unrestricted gift will support Century’s critical work across the state of California to create and preserve affordable housing and build stronger, healthier […]
Today we are writing to share important news regarding Century Villages at Cabrillo’s leadership. After 20 years of dedicated service to Century Housing, including 10 years as executive director of the Villages, Steve Colman has announced his retirement. Steve’s vision, passion, and collaborative spirit have been instrumental in shaping the Villages into the transformative community […]
S&P Global Ratings announced it has upgraded Century Housing’s issuer credit rating to ‘AA,’ from ‘AA-’. This makes Century currently the highest-rated Community Development Financial Institution (CDFI) rated by S&P Global. “We are gratified that S&P Global Ratings recognizes Century’s creditworthiness as a CDFI, which allows us to pursue innovative financial solutions to the housing […]
The Century Community Fund (CCF) expands our mission to advance equitable housing and community development. Through impact-driven investments and grants, we aim to address the barriers to housing, employment, and other opportunities for stability that residents disproportionately face in low-wealth communities.
Residents Find Dignity and Hope: Joseph – Stability and Peace After Years of Experiencing Homelessness; Christina – A Place to Call Home for Single Mother and Children
Lending Highlights: National CORE Names Century Corporate Partner of the Year; Emerging Developers Program & Commercial Paper Program; Preventing Displacement in the Bay Area with Eden Housing
The 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 […]
Recently, 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 […]
From the Lending Group: In early 2021, a client new to Century, HIP Housing, approached us about helping preserve 14 apartments with reasonable rents in the Bay Area city of Menlo Park. The project on Coleman Place looked like an unsuspecting site for affordable housing innovation, but within the compact 1950s buildings lay an economic conundrum being confronted around the state. With new affordable housing ever more expensive to produce, what can be done to preserve existing affordable housing stock at lower total cost?
From the Lending Group: According to the Bureau of Labor Statistics, 91% of the construction industry is composed of men. Following trends in the financial and tech industries, women, and especially minority women, are entering this space at an accelerated rate and bringing a new energy to a field that will need more creativity and more entrepreneurial spirit to keep up with demand.
From the Lending Group: Century Housing provided patient early stage financing for Enlightenment Plaza, an affordable housing project planned for Rampart Village. This Los Angeles neighborhood with a reputation for unchecked blight and drug activity, will be reimagined by Flexible Housing Solutions and The Pacific Companies into a 454 unit campus composed entirely of permanent supportive housing for individuals transitioning from homelessness.
From the Housing Group: Veteran homelessness is a stain on the American Flag and Los Angeles is its epicenter. In the latest survey, there were nearly 4,000 Veterans and many more family members homeless on the streets of Los Angeles on any given night. Since 2018, Century Housing and its partners at The Veterans Collective have been planning and developing a large-scale solution on the historic grounds of the West Los Angeles VA Campus on approximately 70 acres north of Wilshire Boulevard.
From the Finance Group: With your support, Century Housing has grown into one of the largest originators of acquisition loans serving affordable housing in California. This early-stage financing clears a big predevelopment hurdle and, in conjunction with other Century loan products, allows more than 4,500 safe and affordable apartment homes to proceed with development every year.
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Century Housing Corporation is a nonprofit Community Development Financial Institution financing affordable housing development throughout California. Century Villages at Cabrillo, Inc. and Century Affordable Development, Inc. are independent nonprofit entities affiliated with Century Housing Corporation.