Century Housing Announces $1.3 Million Loan to Fund 43 Affordable Apartment Homes in San Diego County

Century Housing is 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.

PRESS RELEASE FOR IMMEDIATE RELEASE November 8 , 2006
Contact:	Robbie McPherson Media Relations Manager 310.642.2032 Cell: 310.433.7443 rmcpherson@centuryhousing.org
Prop H “No” Vote is a Loss for All Los Angeles Residents, Says Campaign Co-chair
Los Angeles, CA – Los Angeles voters said “No” to Prop H, narrowly missing the two-thirds majority vote required to pass the $1 billion affordable housing bond. Campaign co-chair G. Allan Kingston said the real loss falls on the citizens of Los Angeles, adding that the bond would have changed the lives of thousands of Angelenos for the better. “Prop H funds, which would have been used to create permanent housing for the homeless, affordable housing, and provide first-time homebuyer assistance to thousands of working families, was a much-needed first step in creating a better Los Angeles,” said Kingston, President & CEO of Century Housing. “By funding these housing programs with $100 million each year for the next ten years, we could have made advances in the fight to end homelessness, and also in solving the housing crisis facing working families in our city. When a full-time wage earner has to choose between food for her family, and paying the rent, for example, something is very, very wrong,” Kingston said. “We will continue our efforts in creating housing affordable to working families at all income levels,” Kingston added. “While as campaign co-chair I am disappointed, I do not consider this a failure, but rather a setback in finding a funding solution to the affordable housing shortage,” he said. “We are not giving up this battle.”
Century Housing is 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.

Prop H “No” Vote is a Loss for All Los Angeles Residents, Says Campaign Co-chair