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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.
Finding Stability at Building 404: Phillip’s Story
/in development, general, housing & community development, veteransWhen 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 […]
Century Housing Names William Wong as Chief Financial Officer
/in general, press release, staffWilliam 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, […]
Borrower Spotlight: CA DCM Rentals
/in construction loan, financing for developers, generalCentury 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 […]
Expanding Construction Lending to Advance Affordable Housing
/in construction loan, financing for developers, general, impact, preservationCentury 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 […]
Century Housing Maintains Top Credit Ratings, Supporting Affordable Housing Financing
/in financing for developers, general, investing, press releaseCULVER 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 Community Fund Partners with CRCD to Support South LA Youth
/in century community fund, generalCentury’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 + Restorative Care Village Phase 1 Closes On Financing
/in development, general, housing & community developmentCentury 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 […]
Jim Mather Named Acting President & CEO of Century Housing
/in generalCentury 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 […]
2024 Annual Report and Inaugural Investment Impact Report Released
/in generalCentury 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, […]
Borrower Spotlight: Domus Development
/in acquisition loan, families, financing for developers, general, seniorsCentury 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 […]
Building People: Joe’s Story
/in general, housing & community development, staff, veterans“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 […]
Welcoming New Board Member: Anita Nelson
/in board of directors, generalCentury 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 […]
Building 404 Brings New Homes for Veterans at West LA VA
/in development, general, housing & community development, veteransThe 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 […]
Welcoming New Board Members: Robert Abbasi and Jim Mather
/in board of directors, generalCentury 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 Receives CDFI Fund Award
/in awards, financing for developers, generalCentury 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 […]
California Developer Roundtable 2025: Advancing Affordable Housing Solutions
/in event, financing for developers, general, housing policyCentury 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, […]
Standing Together During the LA Wildfires: A Message From Century Housing
/in generalDear 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 […]
Affordable Housing Opens for Veterans in Long Beach
/in development, event, general, grand opening, homelessness, housing & community development, press release, veteransThe 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 […]
Century Villages Hosts Press Event on Housing Solutions
/in event, general, homelessnessThis 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 […]
Staff Reflection on Veterans Day
/in general, homelessness, housing & community development, veteransAt 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 […]
Santa Angelina: Innovative Collaboration for Affordable Senior Housing
/in financing for developers, general, grand opening, seniorsThis 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 […]
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, […]