PRESS RELEASE

May 11, 2005

Contact:
Robbie McPherson
Media Relations Officer
310.642.2032    Fax: 310.258-0701
rmcpherson@centuryhousing.org


“Dream Home Raffle” Sponsor Confirms Grand Prize $1.5 Million Dream Home, Or $1 Million Cash, Will Be Awarded June 29

Culver City, CA — The More Than Shelter Fund Dream Home Raffle sponsor Century Housing has confirmed that due to successful ticket sales, the Grand Prize $1.5 million Beverly Hills Dream Home, or $1 million cash, and more than $150,000 in other cash prizes will be awarded in the final drawing, which will take place at 10:00 a.m. June 29 at the Century Housing corporate offices, located in Culver City.

Raffle proceeds will benefit The More Than Shelter Fund, which supports diverse social programs for low-income families. For contest rules and ticket information, visit www.centuryhousing.org.

“We are committed to raising funds for these worthwhile programs,” said Century President/CEO G. Allan Kingston, “and on June 29, one lucky ticket buyer who chose to support The More Than Shelter Fund will become the world’s newest millionaire.”

The tickets sell for $180 each (available at 1-866-90-“90210”). A maximum of only 22,000 tickets will be sold. Ticket sales have been extended to 5:00 p.m. May 29, which is the final day to purchase tickets.

Century Housing, one of California’s largest nonprofit affordable housing lenders, has helped finance more than 11,000 quality ownership and rental homes affordable to low-income working families. Century links its affordable housing with social services supported through The More Than Shelter Fund®, which supports life-enriching programs that have served more than 20,000 Southern California residents.

These programs include:

  • On-site after-school academic tutoring for at-risk youth
  • Construction job training and placement for men and women
  • Child development centers for low-income families
  • Transitional housing for homeless veterans
  • Wellness programs for seniors

  • Century Housing is a nonprofit affordable housing lender based in Culver City, California, which has used more than $320 million in financing to help create more than 11,000 quality ownership and rental homes affordable to low-income working families in the greater Los Angeles area. Century also links its lending products with More Than Shelter® social services supported through The More Than Shelter Fund®. These programs include on-site after-school academic tutoring for at-risk youth, construction job training and placement for men and women, child development centers for low-income families, transitional housing for homeless veterans, and wellness programs for seniors.

    For more information on Century Housing, please visit www.centuryhousing.org, or for information about supporting the More Than Shelter programs, please visit www.morethanshelter.org.