Century Community Charter School receives $10,000 Grant from Ethics In Journalism Foundation

Century Community Development, Inc., is a division of Century Housing, a private nonprofit affordable housing lender, which has used more than $400 million in financing to help create more than 13,000 quality rental and ownership homes in the metropolitan Los Angeles area, affordable to families earning approximately $16,000 to $80,000 a year. Century’s President & CEO, G. Allan Kingston, recently completed a three-year term as Chairman of the Board of Governors for the National Housing Conference. Century links its financing with the More Than Shelter^® family of social services, including after-school tutoring for at-risk students, career counseling for men and women to enter the construction trades, child development for low-income families, and wellness programs for seniors. For more information on Century Housing, please visit our website: www.centuryhousing.org.

To contribute to More Than Shelter, which supports all of Century’s More Than Shelter^®life-enrichingprograms, please visit www.morethanshelter.org.

MEDIA ADVISORY FOR IMMEDIATE RELEASE January 16 , 2006
Contact:	Robbie McPherson Media Relations Manager 310.642.2032 Fax: 310.258.0701 rmcpherson@centuryhousing.org
Century Community Development Inc., Announce $2.6 Million Acquisition Loan to Help Create Homes Affordable to 66 South L.A. Families
Culver City, CA – Century Community Development Inc. (CCDI), announces the closing of a $2.6 million acquisition loan to Thomas Safran & Associates for Central Avenue Apartments in South Los Angeles. The development’s 66 one- and two-bedroom apartments will be priced affordable to seniors earning less than approximately $35,000 per year. “Century has enjoyed a successful collaboration with Thomas Safran, with three developments in the Los Angeles area,” said G. Allan Kingston, President & CEO of Century Housing. “Central Avenue Apartments will be another fine example of how the nonprofit and for-profit sectors can work together to serve the lower-income senior population, who are currently priced out of the housing market,” he said. The $13.4 million development, which supports Councilmember Jan Perry’s Central Avenue Action Plan, along with the Community Redevelopment Association, to revitalize the Central Avenue corridor in South Los Angeles. Central Avenue Apartments is scheduled to be completed in January, 2009.
Century Community Development, Inc., is a division of Century Housing, a private nonprofit affordable housing lender, which has used more than $400 million in financing to help create more than 13,000 quality rental and ownership homes in the metropolitan Los Angeles area, affordable to families earning approximately $16,000 to $80,000 a year. Century’s President & CEO, G. Allan Kingston, recently completed a three-year term as Chairman of the Board of Governors for the National Housing Conference. Century links its financing with the More Than Shelter^® family of social services, including after-school tutoring for at-risk students, career counseling for men and women to enter the construction trades, child development for low-income families, and wellness programs for seniors. For more information on Century Housing, please visit our website: www.centuryhousing.org. To contribute to More Than Shelter, which supports all of Century’s More Than Shelter^®life-enrichingprograms, please visit www.morethanshelter.org.

Century Community Development Inc., Announce $2.6 Million Acquisition Loan to Help Create Homes Affordable to 66 South L.A. Families