NEWS: A Rescue for
Affordable Housing
New York Times opinion piece discussing new legislation designed to boost affordable housing development.
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Welcome to Century Housing! Please be patient as we launch our new site.
Century Housing partners with developers, public agencies, and financial institutions to help Southern California families have homes that they can afford. Over the past 25 years, Century has helped create homes for more than 20,000 families and homeless veterans. With our public (sector) and private (sector) partners, we’ve invested more than $500 million, from San Diego to Lancaster, to achieve the goal of getting more people into more affordable homes, positioned to climb the socio-economic ladder.
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Download Century's 2009 Annual Report
Developments
Construction of new affordable homes is underway in San Diego, thanks in part to Century’s accelerated $1,850,000 predevelopment loan closed on June 15th. In a joint venture between Phoenix Realty Partners and Palm Desert Development Company, a 4.2 acre vacant site will become Mesa Commons, a community of 87 homes for low-income residents.
We are pleased to announce CCLC’s $2,438,000 construction loan to Washington
Park Classics, LLC. The developer, Trademark Development, will build eight
townhouses in Pasadena, with four homes set-aside for moderate-income buyers.
The City of Pasadena has invested more than $1.5 million in the development, and their financing will become silent second mortgages for the moderate-income buyers. This was the second loan that CCLC has made to Trademark. They are also building 6 townhouses on a nearby site in Pasadena with a CCLC construction loan.
Find out more about Century Loans
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