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
Sustainability-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 […]
https://century.org/wp-content/uploads/rIMG_2866-scaled.jpg17072560Sara Williamshttps://century.org/wp-content/uploads/Century-logo-175h.webpSara Williams2022-12-20 15:43:082022-12-21 00:46:26In a First for a CDFI, Century Housing Launches Commercial Paper Program
Impact 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 […]
https://century.org/wp-content/uploads/notes-blog.jpg6321042Sara Williamshttps://century.org/wp-content/uploads/Century-logo-175h.webpSara Williams2022-12-12 23:59:462022-12-14 06:44:09Century Housing Reaches $100 Million Milestone in Distribution of Century Sustainable Impact Notes Targeting Affordable Housing Development
Century 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 […]
Earlier this month, we celebrated the 25th Anniversary of Century’s stewardship of the Villages at Cabrillo at the Aquarium of the Pacific in Long Beach. More than 200 guests joined us representing our myriad stakeholders that have contributed to the creation of this special community over the years. A community premised on housing and serving […]
https://century.org/wp-content/uploads/CVC-25th-Gala-header.jpg4001200bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-09-29 23:34:262022-12-14 06:44:10Happy 25th to Century Villages at Cabrillo!
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 […]
https://century.org/wp-content/uploads/The-Banning-Groundbreaking.jpg4001200bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-07-27 20:06:142022-12-14 06:44:10Mayor Eric Garcetti joins CADI for The Banning Groundbreaking
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 […]
https://century.org/wp-content/uploads/blog-cdfi-50M2.jpg4001000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-07-07 17:13:062022-12-14 06:44:10First State of California CDFI Fund Approved
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?
https://century.org/wp-content/uploads/hiding-featured.jpg384591bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-07-06 05:37:042023-06-27 23:48:58Hiding In Plain Site
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.
https://century.org/wp-content/uploads/rampart-featured.jpg9401463bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-07-04 07:15:062024-05-16 22:31:53Rampart’s First Gleaming
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.
https://century.org/wp-content/uploads/WLAVA-aerial-map-crop.jpg9851500bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-07-02 07:15:532023-06-27 23:51:15VA Development Update
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.
https://century.org/wp-content/uploads/stacked-good-featured-bldgs.png8081091bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-07-02 07:14:372023-06-27 23:52:02Stacked Good
Century Housing is a proud partner of The Veterans Collective. Alongside Thomas Safran & Associates and U.S.VETS, we are working hard to transform the West Los Angeles VA North Campus into the largest supportive housing community in the United States for homeless and at-risk Veterans and their families. The Veterans Collective last week launched a […]
https://century.org/wp-content/uploads/The-Veterans-Collective-Banner.jpg4001200bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-03-07 21:35:392022-12-14 06:44:12The Veterans Collective Is Seeking Vital Funding for the West LA VA Campus
New York Life, America’s largest and most admired mutual life insurer, announced a commitment of $50 million in long-term capital to Century Housing. Century serves as a vital capital provider in low-income communities across California and is dedicated to delivering responsible and affordable lending to mission-aligned customers. Century has invested more than $2.3 billion in […]
https://century.org/wp-content/uploads/NewYorkLife-blog2.jpg4001000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2022-01-19 21:20:582022-12-14 06:44:12New York Life Commits $50 Million in Long-Term Capital to Century
Century is pleased to announce the $66.5 million acquisition of CityView apartments, a 296-unit multifamily senior housing community located on a 2.58-acre site in the Wrigley area of Long Beach, California. Homes at the community serve senior households earning at or below 60% of Area Median Income (AMI). Renovated in 2015, City View includes upgrades […]
Century Housing announces the Century California Fund (CCF) investment initiative to help close the gap in economic and social disparities in California. Since its founding, Century has been focused on enhancing opportunities in the communities it serves. Consistent with its mission, Century is making a further investment in underserved communities, specifically communities of Black, Indigenous […]
https://century.org/wp-content/uploads/CCF-logo-with-hands.jpg3091000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2021-10-20 22:08:182025-03-18 19:12:34Century Housing Announces The Century California Fund Investment Initiative
Century headed into the summer with the renewed support of one of our longest and strongest financial partners: Wells Fargo! A $125,000 award will support ongoing efforts to preserve and build affordable housing at three Century developments: the Villages at Cabrillo (CVC, Long Beach), One San Pedro (OSP, San Pedro), and the West LA VA […]
Century, as a proud member of the West LA Veterans Collective, joined Senator Dianne Feinstein and Congressman Ted Lieu (both D-California) in applauding President Joe Biden for signing the West Los Angeles VA Campus Improvement Act into law Wednesday. Both the Senator and the Congressman are long-time supporters of the West LA VA Campus and […]
https://century.org/wp-content/uploads/big-win2.jpg3091000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2021-06-25 18:03:072022-12-14 06:44:13Century Celebrates Legislative Win for West Los Angeles VA Campus
Century Housing, in partnership with the City of Long Beach and The Long Beach Community Investment Company, invited the public to celebrate the completion of The Beacon last week with a virtual event featuring a video presentation acknowledging the many partners and agencies that made the development a success. Home to more than 200 veterans […]
We are honored that, once again, Century made the 2021 Best NonProfits to Work For list! The list is published annually by The NonProfit Times, the leading national business publication for nonprofit management. Participating nonprofits were vetted via a host of surveys, including employees, managers and outside vendors. In this national competition, Century was ranked Number 10 among its peer medium organizations and Number 21 among all nonprofit organizations. Century […]
https://century.org/wp-content/uploads/best-nonprofit.jpg4001000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2021-04-14 18:58:492022-12-14 06:44:13Century Makes 2021 Best Nonprofits to Work For List
In the post-COVID-19 era, African American homeownership in Los Angeles County is predicted to reach an even more concerning level. During the 2007 recession, foreclosure rates among African American homeowners were three times that of non-Hispanic Whites. According to the recent UCLA Center for Neighborhood Knowledge’s Saving Black Homeownership report, the significant homeownership gap between […]
https://century.org/wp-content/uploads/Century-Diversity.jpg4131000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2021-04-07 19:48:372022-12-14 06:44:13Pandemic Puts Homeownership in African American Communities at Risk
Century Housing’s 2020 Sustainability Bond, which raised $85 million to directly support quality affordable housing throughout California, today received the Sustainability Bond of the Year Award from Environmental Finance in the US muni bond category. These Awards seek to recognize those bonds that excel, innovate in and contribute to the successful development of the market […]
https://century.org/wp-content/uploads/Environmental-Finance-Award.jpg4001000bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2021-03-31 17:18:562022-12-14 06:44:13Century Housing Municipal Bond Awarded Sustainability Bond of the Year
Investors are offered an investment-grade opportunity to support Century’s efforts to address social inequalities associated with housing shortages worsened by the COVID pandemic Culver City, CA (February 1, 2021) — Century Housing, a nonprofit Community Development Financial Institution (CDFI) dedicated to creating quality affordable housing throughout California, today announced the launch of an offering of […]
https://century.org/wp-content/uploads/notes-blog.jpg6321042bmaleckihttps://century.org/wp-content/uploads/Century-logo-175h.webpbmalecki2021-02-01 20:47:402022-12-14 06:44:14Century Launches Note Program To Fund Affordable Housing
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 […]
Happy 25th to Century Villages at Cabrillo!
/in awards, community support, eventEarlier this month, we celebrated the 25th Anniversary of Century’s stewardship of the Villages at Cabrillo at the Aquarium of the Pacific in Long Beach. More than 200 guests joined us representing our myriad stakeholders that have contributed to the creation of this special community over the years. A community premised on housing and serving […]
Mayor Eric Garcetti joins CADI for The Banning Groundbreaking
/in generalThe 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 […]
First State of California CDFI Fund Approved
/in general, housing policyRecently, 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 […]
Hiding In Plain Site
/in affordable 2022, generalFrom 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?
Constructing Gina
/in affordable 2022, generalFrom 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.
Rampart’s First Gleaming
/in affordable 2022, generalFrom 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.
VA Development Update
/in affordable 2022, generalFrom 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.
Stacked Good
/in affordable 2022, generalFrom 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.
The Veterans Collective Is Seeking Vital Funding for the West LA VA Campus
/in community support, homelessness, veteransCentury Housing is a proud partner of The Veterans Collective. Alongside Thomas Safran & Associates and U.S.VETS, we are working hard to transform the West Los Angeles VA North Campus into the largest supportive housing community in the United States for homeless and at-risk Veterans and their families. The Veterans Collective last week launched a […]
New York Life Commits $50 Million in Long-Term Capital to Century
/in community support, general, investingNew York Life, America’s largest and most admired mutual life insurer, announced a commitment of $50 million in long-term capital to Century Housing. Century serves as a vital capital provider in low-income communities across California and is dedicated to delivering responsible and affordable lending to mission-aligned customers. Century has invested more than $2.3 billion in […]
Century Acquires CityView project, Preserves 296 Affordable Homes for Seniors
/in preservation, seniorsCentury is pleased to announce the $66.5 million acquisition of CityView apartments, a 296-unit multifamily senior housing community located on a 2.58-acre site in the Wrigley area of Long Beach, California. Homes at the community serve senior households earning at or below 60% of Area Median Income (AMI). Renovated in 2015, City View includes upgrades […]
Century Housing Announces The Century California Fund Investment Initiative
/in community support, general, investing, new programsCentury Housing announces the Century California Fund (CCF) investment initiative to help close the gap in economic and social disparities in California. Since its founding, Century has been focused on enhancing opportunities in the communities it serves. Consistent with its mission, Century is making a further investment in underserved communities, specifically communities of Black, Indigenous […]
Thank you, Wells Fargo, for $125k award!
/in awards, generalCentury headed into the summer with the renewed support of one of our longest and strongest financial partners: Wells Fargo! A $125,000 award will support ongoing efforts to preserve and build affordable housing at three Century developments: the Villages at Cabrillo (CVC, Long Beach), One San Pedro (OSP, San Pedro), and the West LA VA […]
Century Celebrates Legislative Win for West Los Angeles VA Campus
/in homelessness, housing policy, veteransCentury, as a proud member of the West LA Veterans Collective, joined Senator Dianne Feinstein and Congressman Ted Lieu (both D-California) in applauding President Joe Biden for signing the West Los Angeles VA Campus Improvement Act into law Wednesday. Both the Senator and the Congressman are long-time supporters of the West LA VA Campus and […]
Century Celebrates The Beacon
/in generalCentury Housing, in partnership with the City of Long Beach and The Long Beach Community Investment Company, invited the public to celebrate the completion of The Beacon last week with a virtual event featuring a video presentation acknowledging the many partners and agencies that made the development a success. Home to more than 200 veterans […]
Century Makes 2021 Best Nonprofits to Work For List
/in awardsWe are honored that, once again, Century made the 2021 Best NonProfits to Work For list! The list is published annually by The NonProfit Times, the leading national business publication for nonprofit management. Participating nonprofits were vetted via a host of surveys, including employees, managers and outside vendors. In this national competition, Century was ranked Number 10 among its peer medium organizations and Number 21 among all nonprofit organizations. Century […]
Pandemic Puts Homeownership in African American Communities at Risk
/in community support, covid, families, housing policy, landlord/tenant, market conditionsIn the post-COVID-19 era, African American homeownership in Los Angeles County is predicted to reach an even more concerning level. During the 2007 recession, foreclosure rates among African American homeowners were three times that of non-Hispanic Whites. According to the recent UCLA Center for Neighborhood Knowledge’s Saving Black Homeownership report, the significant homeownership gap between […]
Century Housing Municipal Bond Awarded Sustainability Bond of the Year
/in awards, investing, market conditions, sustainabilityCentury Housing’s 2020 Sustainability Bond, which raised $85 million to directly support quality affordable housing throughout California, today received the Sustainability Bond of the Year Award from Environmental Finance in the US muni bond category. These Awards seek to recognize those bonds that excel, innovate in and contribute to the successful development of the market […]
Century Launches Note Program To Fund Affordable Housing
/in investing, sustainability, sustainable impacts notesInvestors are offered an investment-grade opportunity to support Century’s efforts to address social inequalities associated with housing shortages worsened by the COVID pandemic Culver City, CA (February 1, 2021) — Century Housing, a nonprofit Community Development Financial Institution (CDFI) dedicated to creating quality affordable housing throughout California, today announced the launch of an offering of […]