The June 3rd primary election is almost here, and there’s a great reason to make it out to the polls: Proposition 41, The Veterans Housing & Homeless Prevention Act. More than 200,000 California veterans live in poverty, but the existing bond program previously approved by voters to help house our veterans is no longer effective […]
Century loan origination totals from 2013 show a considerable increase from the previous year, totaling over $99M. Demand for bridge loans rose to more than $53M, followed by construction and acquisition loans. Upon completion, Century developments financed in 2013 will contribute 1,948 new homes to California’s affordable housing stock. Much of our growth can be […]
Thank you for making 2013 a great year for Century and for hundreds of low-income families and individuals who will have a place to call home as a result of our work. Century financing in 2013 has laid the foundation for nearly 2,000 affordable homes, and will create more than 1,500 FTE construction jobs. And […]
Southern California’s “can’t miss” affordable housing event is just around the corner. SCANPH will host its 25th Annual Conference on Friday, November 1st at the JW Marriott Hotel in Downtown LA, and it’s not too late to register and take part in the most dynamic affordable housing events around. This year Century is sponsoring, exhibiting, […]
Residents of the City of San Fernando have Aszkenazy Development, Inc. to thank for Park View Place, a new residential development providing 62 homes affordable to low-income individuals and families, with some reserved for those with special needs. Aszkenazy Development has played an integral role in revitalizing the City of San Fernando, with Park View […]
Exactly two years after a smashing groundbreaking ceremony, Los Angeles City Councilman Dennis Zine returned to Reseda to unveil Canby Woods, the latest affordable housing wonder developed by Thomas Safran & Associates. Like their previous Del Rey Square, the project includes landscaped gardens and outdoor sitting areas and warmly decorated interiors which, this time, will […]
We reported on attention Long Beach Senior Arts Colony was getting from PCBC and Affordable Housing Finance last month. This month, Multi-Housing News ran a lengthy feature which details the partnership between the developer, the state, conventional banks, and Century. Congratulations to Meta Housing for all the well-deserved publicity!
Lending activity picked up in July with Century closing two loans within a span of two weeks: —The Core Companies received $8,672,745 in acquisition financing for 236 low income family homes in San José which will become Newbury Park. —Vitus Group’s Meadowbrook Apartments, 448 low-income family units in San Diego, received $1,500,000 in Century predevelopment […]
Last month, The Los Angeles Business Journal announced that Century has been nominated for the 3rd Annual Nonprofit & Corporate Citizenship Award. Century not only creates affordable housing in California, but is a prominent contributor in numerous charitable activities and events. Some of the organizations that Century has contributed to include YMCA, Midnight Mission, Children’s […]
Look out for the Century’s 2012 Annual Report due to arrive sometime this week. The theme, Lending Matters, explores the tremendous opportunities for investment throughout California with diverse examples of Century’s acquisition, bridge, and construction loan products in action. If you have not joined our mailing list, please add your address here and download the […]
On May 29th, Century attended the Grand Opening of Terra Bella in Bell Gardens, where we received a Letter of Recognition from Congresswoman Lucille Roybal-Allard for our contribution. The 65 unit low-income senior housing project, developed by Abode Communities, was supported by a $3,179,000 Century acquisition loan. Also last month, developer Prakash Chandran received $593,000 […]
The long awaited Golden State Acquisition Fund (GSAF), a $93 million source of flexible acquisition financing to developers throughout California, has made its official launch thanks largely to seed money from the California Department of Housing and Community Development. As an official loan originator, Century is now taking applications from both nonprofit and for-profit developers. […]
Century ended 2012 with three standout loans to three very deserving developers in Southern California: -Treadstone Companies received $14,130,000 in bridge financing for Warwick Terrace Apartments; 108 units in Compton. -Bromont Villas, 49 units in Sylmar, will be developed by Yoram Hassid thanks in part to Century’s $7,850,000 construction loan. -LOMCO was awarded a $9,000,000 acquisition […]
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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.