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suggests a need to look critically at the programs that serve them, and to alter and expand services to better meet evolving needs.” In addition to modern amenities, Building 158’s homes will come furnished and residents will benefit from extensive on-site services provided by Century Oasis Residential Services (CORS) at no cost. These services are intended to promote housing stability while simultaneously maximizing each resident’s ability to live independently.
• substance abuse services • legal assistance • career planning
honoring their sacrifice. We are privileged to play a role in creating the nation’s largest supportive housing community for our Veterans at the West LA VA,” said Brian D’Andrea, SVP, Housing at Century and President at CADI. Financing In addition to $22MM in low-income tax credit (LIHTC) equity, Building 158 will be financed with a $4.2M permanent loan and nearly $27M in construction period bonds from Chase, as well as a $5M soft loan from California Assembly Bill 128, a $7.7M soft loan from Tunnel to Towers Foundation, and a $9.4M sponsor loan from Century Housing.
Rehabilitation will be underway in December 2023 with completion anticipated in August 2025. “This development builds on Century’s 28-year legacy of supporting our Veterans and “Building 158 is the next step on the path to providing nearly 1,700 homes to those who were there for us when we needed them, and we can now thank them by helping to provide a place to call home...” - Richard Shea, SVP & Originator
Services include:
• benefits/entitlements assistance • mental health and domestic abuse services • educational opportunities and computer competency
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