Century Housing Corporation Celebrating Its 20th Anniversary

CULVER CITY, Calif., Sept. 2, 2015 /PRNewswire-USNewswire/ -- Century Housing will be celebrating its 20th Anniversary at the National History Museum of Los Angeles County on September 5, 2015.

"We are thrilled to celebrate 20 years of success in providing housing for lower income families, veterans and formerly homeless and disabled persons throughout California. Century Housing began as the Century Freeway Housing Program in 1979, tasked with replacing the housing demolished to construct the I-105 Century Freeway. In 1995, The Freeway Housing Program was successfully converted into a nonprofit corporation, renamed Century Housing Corporation. Today, Century proudly continues its primary goal of providing housing opportunities for those most in need in one of the most challenging housing markets in the country," said Mr. Ronald M. Griffith, President & CEO of Century Housing.

Mr. Griffith added, "According to the Urban Institute, without exception, there is no county in the U.S. that has enough affordable housing, while the National Association of Home Builders reports that California has 18 of the 25 least affordable housing markets in the nation. California has a shortfall of over 1.5 million rental homes affordable by very low- and extremely low-income renters, and the continuing rise in rents as real incomes decline adds to that need every year. We are fortunate to have an efficient team in place to react quickly to our clients' needs to address this crisis and provide financing to support the development of housing throughout the State of California."

To date, Century Housing has provided more than $1 billion in financing which has supported the development of more than 25,000 affordable homes over its 20-year history.  In 2014 alone, Century Housing helped finance 32 developments with investments ranging from $400,000 to $27,000,000, which benefited 1,782 households and contributed to the creation of more than 1,800 full-time jobs.

About Century Housing

Century is a leading Community Development Financial Institution (CDFI), delivering innovative financial products quickly and reliably to support the development of critical housing projects throughout California. Our lending activity, combined with expert service and support for our developer clients, has resulted in the development and preservation of more than 25,000 affordable homes and apartments in underserved communities throughout the state.

http://www.centuryhousing.org/about/

WHEN:          Saturday, September 5, 2015 6:00 p.m.        Reception 7:00 p.m.        Program Begins

WHERE:        National History Museum                     900 Exposition Boulevard                      Los Angeles, CA 90007

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SOURCE Century Housing