PRESS RELEASE
July 13, 2004
Media Relations Officer
310.642.2042 Fax: 310.258-0701
rmcpherson@centuryhousing.org
Century Housing provides $3.5 Million to Purchase Site for Affordable
Senior Housing in Compton
Culver City, CA — Century Housing, one of California’s largest nonprofit affordable housing lenders, announces the closing of a $3,528,400 site acquisition loan to LINC Housing Corporation for the development of Seasons at Compton, located on Alondra Boulevard near the 710 Freeway in Compton. When completed in 2007, Seasons at Compton will provide 118 affordable senior apartments, with education and social services for the residents available on-site.
Century has sold a 50% participation in the loan to The Housing Partnership Fund, the lending subsidiary of The Housing Partnership Network (HPN).
Century Housing is a private nonprofit affordable housing lender, which
has created more than 11,000 units of quality affordable housing in
the metropolitan Los Angeles area. Century links affordable housing
for low-moderate income families with More Than Shelter®
social services which include on-site after-school tutoring for at-risk
youth, career counseling for women to enter the construction trades,
child care for low-income families, and wellness programs for seniors.
To contribute to the More Than Shelter Fund, which supports all of Century’s More Than Shelter programs, please visit www.morethanshelter.org.
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