Century Celebrates Opening of Anchor Place

Yesterday, Century, the City of Long Beach, and dozens of partners and supporting agencies celebrated the grand opening of Anchor Place, a 120-unit affordable housing development for families and veterans experiencing homelessness.

Located within the Century Villlages at Cabrillo campus owned and operated by Century, the five-story development includes 75 units reserved for veterans experiencing homelessness and 45 units set aside for extremely low-income residents. Anchor Place consists of a mix of one-, two-, and three-bedroom units, extensive open space, and courtyard recreational areas.

“Providing affordable, safe, and secure housing for a veterans and families is a key to addressing the City’s housing needs,” said Councilmember Roberto Uranga. “This development will support the tremendous efforts at the Century Villages at Cabrillo, and further promote vibrant and diverse communities.”

Residents have access to comprehensive on-site supportive services including case management, physical and mental health services, employment services, life skills training, and counseling.

“Century is very proud of Anchor Place and what has been created in the larger Villages at Cabrillo community,” said Ronald M. Griffith, President & CEO of Century Housing. “We are grateful for the investment and contributions of our many partners that have created this special community where lives are being transformed.”

 

Homeless Students Should Be Able to Live in Tax Credit Housing

Seal of the U.S. House of Representatives

Seal of the U.S. House of Representatives

The Low-Income Housing Tax Credit (LIHTC) program is now the nation’s most important source of financing for the development of affordable homes.  Like all public subsidy programs, LIHTCs come with restrictions to make sure that the money is being spent to help the intended population.  But those rules sometimes have unintended consequences.

A couple of years ago, Century Housing ran into one of those situations.  The Internal Revenue Code governing LIHTCs prohibits full-time students from living in tax credit-funded housing.  Originally, these rules seem to have had a sound basis, but like so many such hard and fast rules, it also has some impacts that were not thought of when adopted.

Luckily, Representative Jim McDermott of Washington State has introduced a bill, H.R. 3076,  to fix the rules so they make sense.   Read more

Learning from Ventura County – A Different Approach to Homelessness

Ventura Co Housing Conf. Logo

Ventura County Housing Conference, 9/21/2011

While attending yesterday’s Ventura County Housing Conference, sponsored by Housing Opportunities Made Easy (HOME) and others, I heard a presentation by Cathy Brudnicki, Executive Director of the Ventura County Homeless & Housing Coalition.

I was struck by the approach Ventura County is taking toward ending homelessness.  Ventura County is bucking the trend, and placing more emphasis on preventing homelessness for the many who are at risk of losing their homes due to temporary or emergency situations than they are on housing the few who are chronically homeless.  Read more