1401 Long Beach Blvd
About the project
Century Housing Corporation is a mission-driven Community Development Financial Institution (CDFI) supporting quality affordable home development throughout California. Century Affordable Development Inc. is an affiliate of CHC focused on the development of affordable housing with a portfolio of over 1,600 units.
Century Affordable Development Inc is focused on affordable housing development in Southern California.
LISC is providing a $4.34 million acquisition and predevelopment loan to support the construction of the 1401 Long Beach Blvd, a 160-unit transit-oriented affordable housing project with a mix of units dedicated for families earning low incomes with a range of affordability from 30% AMI to 60% AMI. The project will be designed in a highly sustainable way and result in greatly improved local infrastructure through matching programs.
Partner:
Century Affordable Development Inc.
Location:
Los Angeles, CA
Total Investment:
$4.34 million
Results:
153 units
Project Category:
Affordable Housing
Product:
Acquisition & Predevelopment loan
Website:
UN SDGs: