Century Housing

What Century Housing does

Century Housing Corporation is a Culver City, California-based nonprofit Community Development Financial Institution (CDFI) founded in 1995 as the privatized successor to the Century Freeway Housing Program. It operates as a direct affordable housing lender offering acquisition loans ($1M-$50M, up to 100% LTV), bridge loans, construction loans ($1M-$27M, up to 75% LTV/LTC), and permanent loans ($1M minimum, up to 90% LTV, terms up to 18 years) to nonprofit, for-profit, and public agency developers of affordable and workforce housing across California. As of latest disclosure, the organization has invested more than $3.8 billion in affordable and workforce housing, financing or preserving over 63,000 homes, and holds the highest S&P and Fitch credit ratings (AA) awarded to any U.S. CDFI.

The company generates revenue primarily through net interest income on its $400-500M loan portfolio and origination fees (1.0-2.0%) on new loan commitments, with capital raised through a $425M Sustainable Impact Notes program (rated AA, tenors 6 months to 20 years, $1,000 minimum via the InspereX Impact Investment Platform). Beyond lending, Century operates affiliated entities: Century Affordable Development, Inc. (CADI), which holds a development pipeline of approximately 1,500 affordable homes including master-planned communities; Century Villages at Cabrillo, a 27-acre supportive housing community serving 1,500+ residents in Long Beach; and Century Oasis Residential Services, providing case management and supportive services. Specialized programs include the $75M Inglewood Home Assist Fund (3% fixed rates), the Emerging Developers Program backed by $15M from JPMorgan Chase and $10M from a U.S. Bank Racial Equity Bond, and co-developer roles in the West LA VA Campus Veterans Collective and the One San Pedro Collaborative.

The go-to-market is enterprise field sales: dedicated loan officers and relationship managers serve developers directly across Southern and Northern California offices, with deep relationships built around public funding programs such as the Golden State Acquisition Fund (85% of program originations to date) and the LA County Housing Innovation Fund (45% of program activity). Underwriting is supported by an in-house team led by the SVP of Lending (with $1.5B+ of originations) and a separate credit risk management function. The organization does not disclose proprietary technology beyond standard CDFI lending and loan servicing platforms; its competitive advantages derive from regulatory status (CDFI certification), capital access (AA rating, ESG bond market access), and 30+ years of LIHTC and affordable housing structuring expertise rather than technology differentiation.

Name

Century Housing

Legal name

Century Housing Corporation

Website

https://century.org

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

Century Housing Corporation is a Culver City, California-based nonprofit CDFI that provides acquisition, bridge, construction, and permanent loans to affordable housing developers across California. It has invested over $3.8 billion financing more than 63,000 affordable and workforce homes, holds an AA credit rating, and operates affiliated development and resident services entities.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Other Residential Care Facilities (623990), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Residential Building Construction (23611), Assisted Living Facilities for the Elderly (623312)

SIC

Real Estate (6500), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

akta.pro secondary industries

Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Residential Affordable Housing Development & Construction (IMAFABAI), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Senior & Assisted Living Residential Property Management (BPAJAFAE)

Keywords

• Affordable housing finance
• CDFI lending
• Construction loans
• Permanent financing
• Workforce housing

Headquarters

HQ city

Culver City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Loan Interest and Origination Fees: Century Housing generates revenue through interest income on its loan portfolio and origination fees charged to borrowers for acquisition, bridge, construction, and permanent loans. The organization provides competitive rates and flexible terms for affordable housing developers.
2. Sustainable Impact Notes: Century Housing issues Sustainable Impact Notes to institutional and retail investors, raising capital to support its lending operations. The notes offer fixed interest rates with tenors of 6 months to 20 years, with a minimum investment of $1,000. As of the data, the total outstanding notes amount to $309,173,000.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Century Housing is a nonprofit Community Development Financial Institution that provides acquisition, bridge, construction, and permanent loans directly to affordable housing developers throughout California. The organization also develops affordable housing through its affiliate Century Affordable Development, Inc., delivers resident services through Century Oasis Residential Services, and raises capital via Century Sustainable Impact Notes offered through InspereX.

Product overview

Century Housing Corporation operates as a certified Community Development Financial Institution (CDFI) offering a comprehensive suite of affordable housing financing products and development services across California. The organization's core products include acquisition loans, bridge loans, construction loans, and permanent loans for affordable housing developers, along with specialized programs like the Emerging Developers Program targeting minority- and women-owned developers and the $75 million Inglewood Home Assist Fund. Through its affiliated entities—Century Affordable Development, Inc. (CADI) for real estate development, Century Oasis Residential Services for supportive services, and the Century Community Fund for impact investments—Century provides end-to-end affordable housing solutions. The organization also offers Century Sustainable Impact Notes as investment vehicles for institutional and retail investors. Its flagship developments include Century Villages at Cabrillo, The Veterans Collective at the West LA VA campus, and the One San Pedro Collaborative, representing master-planned communities serving veterans, families, and individuals experiencing homelessness.

Differentiator

Problem solved

Functional benefit

Products and services

• Acquisition & Bridge Loans Loans for acquiring vacant land or existing assets and short-term bridge financing for predevelopment expenses. Loan amounts from $1M to $50M with up to 100% LTV (typically 90%), terms up to 5 years including extensions, origination fees of 1.0% to 2.0%, and no prepayment penalties. Available to nonprofit and for-profit affordable housing developers in California.
• Construction Loans Loans covering multifamily construction costs for affordable and workforce housing developments. LTV and LTC up to 75%, loan amounts from $1M to $27M, 12-24 month terms with extension options, and variable pricing. Available to affordable housing developers across California.
• Permanent Loans Long-term financing for affordable housing developers to repay construction loans. Minimum $1M loan amount, LTV up to 90% (80% for non-LIHTC properties), fixed interest rates, terms up to 18 years, forward commitments up to 36 months, and 1.0% to 2.0% origination fees. Available to affordable housing developers in California.
• Emerging Developers Program Special purpose credit program providing dedicated financing for minority- and women-owned developers of affordable housing, helping historically undercapitalized developers build their pipelines. Funded by a $15 million JPMorgan Chase credit facility and a $10 million U.S. Bank Racial Equity Bond.
• Inglewood Home Assist Fund $75 million initiative to prevent displacement of low-income residents in Inglewood through predevelopment, acquisition, construction, and permanent financing of affordable housing at 3% fixed interest rates. Priority is given to developers based in Inglewood.
• Century Sustainable Impact Notes Sustainability bonds offered through InspereX's Impact Investment Platform for institutional and retail investors. Total offering of $425 million, fixed interest rates, tenors of 6 months to 20 years, minimum investment of $1,000, and rated AA by S&P and Fitch.
• Century Community Fund Impact-driven investment vehicle supporting neighborhoods through the Century Education Opportunity (CEO) Scholarship Program for first-generation, low-income students pursuing housing-related careers.
• Century Oasis Residential Services Integrated supportive services for residents of Century-owned and -operated properties, including case management, behavioral health services, financial and employment assistance, youth and family programs, and occupational therapy.
• Century Affordable Development, Inc. (CADI) Real Estate Development Real estate development affiliate that builds, preserves, and operates affordable homes. Manages a pipeline of approximately 1,500 affordable homes including master-planned communities such as the West Los Angeles VA Campus, Rancho San Pedro, and the Charles Drew Wellness Campus.

Quantifiable outcome

• Over $3.8 billion invested in affordable and workforce housing development
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• Golden State Acquisition Fund (GSAF)coreStrategic or Co-development PartnerStatewide program through which Century originates loans, having originated 85% of loans to date and supporting over 10,000 affordable homes across California.
• Los Angeles County Housing Innovation Fund (LACHIF)coreStrategic or Co-development PartnerCentury accounts for 45% of total program activity for LACHIF II, providing acquisition and predevelopment loans for affordable housing in Los Angeles County.
• Los Angeles New Generation FundcoreStrategic or Co-development PartnerPartnership with Los Angeles New Generation Fund for loan origination to affordable housing developers.
• City of InglewoodcoreStrategic or Co-development PartnerThe $75 million Inglewood Home Assist Fund was created in connection with the construction of Intuit Dome, with the City of Inglewood providing funding and Century administering the fund.
• American Indian Changing SpiritsminorStrategic or Co-development PartnerOn-site partner in the Villages at Cabrillo Collaborative serving the CVC community.
• Catholic Charities of Los AngelesminorStrategic or Co-development PartnerOn-site partner in the Villages at Cabrillo Collaborative providing services to residents.
• PATH VenturesminorStrategic or Co-development PartnerOn-site partner in the Villages at Cabrillo Collaborative providing services to residents.
• Harbor Interfaith ServicesminorStrategic or Co-development PartnerOn-site partner in the Villages at Cabrillo Collaborative and South Bay access point for LA County Coordinated Entry System.
• Richman GroupcoreStrategic or Co-development PartnerMember of the One San Pedro Collaborative with Century Housing and National CORE for the redevelopment of Rancho San Pedro public housing community.
• National COREcoreStrategic or Co-development PartnerMember of the One San Pedro Collaborative with Century Housing and Richman Group for redevelopment of Rancho San Pedro.
• U.S.VETScoreStrategic or Co-development PartnerPartner with Century Housing and Thomas Safran & Associates in The Veterans Collective, developing the nation's largest supportive housing community for Veterans at the West LA VA campus.
• Thomas Safran & AssociatescoreStrategic or Co-development PartnerPartner with Century Housing and U.S.VETS in The Veterans Collective for West LA VA campus development.
• Charles Drew UniversitycoreStrategic or Co-development PartnerPartner with Century Housing in the CDU/MLK Wellness Collaborative, creating a health and wellness community with affordable, workforce, student, and mixed-income housing on a twelve-acre site.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BRIDGE Housing: California-focused affordable housing developer and owner-operator with a growing $350M Impact Fund. Comparable as a California affordable housing peer where Century is an LP in BRIDGE's fund, and a co-investor on affordable developments across the West Coast.
• National CORE: California-based affordable housing developer partnering with Century on the One San Pedro master-planned redevelopment. Comparable as a major nonprofit affordable developer pursuing large master-planned mixed-income communities that Century both finances and co-develops.
• Mercy Housing: National nonprofit affordable housing developer and owner with a deep California portfolio. Comparable as a similarly structured nonprofit combining LIHTC development, property management, and resident services across markets where Century is also a financing counterparty.
• Eden Housing: Bay Area-based nonprofit affordable housing developer operating 13,500+ homes across California. Comparable as a repeat Century borrower (Vista Verde, Iris Avenue) and similarly mission-driven LIHTC-focused nonprofit operating throughout Century's lending footprint.
• Enterprise Community Partners: National CDFI and affordable housing intermediary offering loans, equity, and development services across multiple states. Highly comparable as Century's most direct peer in the CDFI lending-plus-development space; Century's incoming CEO Jacqueline Waggoner was previously President of Enterprise's Solutions Division.
• MidPen Housing: Northern California nonprofit affordable housing developer and a Century borrower (Foon Lok East in Oakland). Comparable as a mission-aligned nonprofit developer using Century's permanent financing to deliver LIHTC family and supportive housing.
• Richman Group: National affordable housing developer partnering with Century on One San Pedro Collaborative. Comparable as a deep-pocketed developer pursuing large-scale mixed-income and public housing redevelopments where Century acts as both a co-developer and lender.
• Local Initiatives Support Corporation (LISC): One of the largest national CDFIs providing financing and capacity-building for affordable housing and community development. Directly comparable as a CDFI lender with overlapping LIHTC expertise and a national footprint that Century's California-centric model competes against for institutional capital.
• Housing Trust Silicon Valley: Northern California CDFI focused on affordable housing lending in the Bay Area. Comparable as a regional CDFI lender competing with Century for Northern California borrowers (e.g., Charities Housing's Civic Center Drive) but at a smaller scale.
• Thomas Safran & Associates: Los Angeles-based affordable and mixed-income housing developer and a Century partner on the West LA VA Veterans Collective. Comparable as a for-profit developer working in the same LIHTC and master-planned community space with overlapping pipeline projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@century_housing
• LinkedInlinkedin.com/company/century-housing
• Instagraminstagram.com/centuryhousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Century Housing