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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.
Century Housing and Partners Celebrate The Moonstone Opening
/in event, general, grand opening, housing & community development, press releaseHomekey 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 […]
First Deal Closed Through Inglewood Home Assist Fund
/in financing for developers, general, loan closing, press releaseNonprofit 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 […]
Transforming Motels into Permanent Supportive Housing in Orange County
/in financing for developers, general, loan closingOrange 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, […]
Celebrating a Month of Move-ins
/in general, housing & community developmentThis 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 […]
Century Housing President & CEO Ronald Griffith Announces Retirement
/in general, press releaseRonald 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 Housing Releases 2023 Annual Report
/in generalCentury 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 […]
Breaking Ground on Buildings 158 and 210 at the West LA VA
/in event, groundbreaking, housing & community development, veteransCentury was proud to celebrate the groundbreaking of two more buildings at the West LA VA North Campus on Friday, May 31: Building 158, a Century development that will provide 49 supportive homes for Veterans and Building 210, a U.S.VETS development that will offer 38 supportive homes primarily serving female Veterans and their families. Along […]
Century Housing Corporation Selected to ImpactAssets 50™️ (IA 50) 2024
/in general, investingImpactAssets, 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 […]
Insights and Innovation: Highlights from the California Developer Roundtable 2024
/in event, financing for developers, general, housing policyCentury 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 […]
Honoring a Legacy: Announcing the 2024 Tim O’Connell Scholarship Winners at Century Communities
/in generalRevitalizing Communities Through California’s Portfolio Reinvestment Program
/in financing for developers, generalby 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 […]
Century Housing Receives Generous $15 Million Grant from Philanthropist MacKenzie Scott
/in general, press releaseCULVER 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 […]
With Racial Equity Bond Issuance, Century Housing Showcases How Blockchain Technology Can Improve CDFI Financing
/in new programsBond will provide capital for special purpose credit program dedicated to women and minority developers of affordable housing Century Housing Corporation has issued a $10 million Racial Equity Bond to further fund Century’s Emerging Developers Program, a special purpose credit program supporting women and minority developers. Structured by U.S. Bank, a mirror issuance of the […]
Century Affordable Development, Inc. Awarded $7.8 Million Grant
/in awards, housing policyWe are proud to announce the Community Development Financial Institutions Fund (CDFI Fund) has awarded a $7,803,750 grant to Century Affordable Development, Inc. (CADI) through its Capital Magnet Fund. CADI is one of 52 organizations receiving $321.2 million via the Capital Magnet Fund. The award will help CADI pursue its important work creating and preserving affordable […]
Executive Leadership Changes at Century Villages
/in generalToday 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 […]
CADI Celebrates Groundbreaking of Villa Vanowen
/in event, groundbreaking, homelessness, press releaseThis week, Century Affordable Development, Inc. broke ground on Villa Vanowen, a 64-unit, supportive housing development in Van Nuys that will provide affordable homes for unhoused individuals. The People Concern will provide on-site supportive services for the residents. “We are excited to bring these homes to the San Fernando Valley, an area in critical need […]
Century and Partners Break Ground on Supportive Homes for Veterans
/in event, groundbreaking, homelessness, veteransCentury Housing celebrated the groundbreaking of several new residences on the West Los Angeles VA North Campus on June 27th, alongside our partners in The Veterans Collective (Thomas Safran & Associates and U.S.VETS), The Core Companies, and the U.S. Department of Veterans Affairs Greater Los Angeles. These communities will provide 374 permanent supportive homes for […]
Century Housing Issuer Credit Rating Raised to ‘AA’ by S&P Global Ratings; Outlook Stable
/in general, investing, sustainable impacts notesS&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 […]
Community Fund Impacts
/in 2022 annual report, generalThe 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
/in 2022 annual report, generalResidents 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
/in 2022 annual report, generalLending 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
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, emerging developer, 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 […]