We 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 […]
Century is super proud, and relieved, to announce that we completed our 180 day sprint and closed on construction and partnership financing for The Banning, Century’s latest permanent supportive housing community. Comprised of 64 apartment homes, The Banning will deliver hope to 64 households experiencing homelessness in Wilmington. This will be Century’s first PSH community […]
Century is extremely proud to announce we just closed on our construction and partnership financing for The Cove! This $46.6 million development will provide 90 supportive homes to Veterans, including many that are experiencing homelessness. The multiple layers of public and private financing have been secured and multiple layers of land and title matters, including […]
Rehab work at CVC’s Plaza de Cabrillo, built in 2004, was completed in late 2021. All 204 units were improved, along with major building systems that will decrease maintenance costs significantly into the future. Veterans with disabilities can now be placed in one of 13 ADA-compliant units, and all residents will enjoy new and updated […]
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 proud to share that our Long Beach development, The Beacon, was awarded Multi-Family Development of the Year by SCANPH at the Annual Conference’s Homes Within Reach Awards Ceremony. The award recognizes excellence in affordable housing among projects completed in the last year. Selections are submitted by SCANPH members and chosen by an independent […]
We are proud to announce that Los Angeles Better Building Challenge has honored Century Housing with the 2020 Innovation Award: Affordable Multifamily Performance Project of the Year for the efficiency standards reached at two Century-developed affordable communities: Florence Avenue Villas and Morehouse. Century’s rehabilitation work resulted in a 54% energy reduction at Florence, and 40% […]
After more than 18-months of collaborative work between Century and its partners, the final One San Pedro Transformation Plan for Rancho San Pedro has been completed and submitted to HUD. This plan represents the culmination of a massive effort that consisted of extensive hands-on community outreach, thoughtful planning and design work, due diligence and assessment activities, […]
Oscar Alvarado, Century’s VP of Development, recently completed NeighborWorks’ Achieving Excellence in Community Development (AECD) Leadership Program. The highly selective, rigorous 18-month program was taught by faculty at the Harvard Kennedy School of Government. Oscar was selected to participate along with a cohort of 45 professionals in the community development field based on working […]
Those were a few of his words during our conversation. The first time I met Jeff, as everyone calls him, it was the winter of 2013 during the homeless count that took place in the city of Long Beach. Our volunteer group came across him as we were canvassing our area along the 710 freeway. […]