Century is happy to announce the renewal of our relationship with American Communities with the closing of a $1,071,000 acquisition loan for a site in Hollywood where American Communities will build The Gordon, 21 new apartments for very low-income families. Century and American Communities worked together on six developments in Koreatown and Westlake between 2003 and 2007, helping them get almost 300 affordable apartments under construction. Those six developments have been completed and are operating successfully, and now AC is getting started on a new series of projects, starting with The Gordon.
Century Housing finances affordable housing developments throughout California. From acquisition loans to bridge and construction loans, Century has worked for more than 20 years to provide tax-credit developers and infill developers with innovative loan solutions and responsive service.