Wanted: Small Office Space in Los Angeles

Long tenured organization with a solid balance sheet is seeking approximately 750 sq. ft. of office space in a comfortable and professional atmosphere. Two offices with windows and reception area are desired. Access to a conference room and kitchen is ideal. Lease or sublease ok.

Please contact Angélica Velarde-Rivas at (213) 353-1383 or email angelica@cceda.com

FOR IMMEDIATE RELEASE
May 21, 2008

Contact: Stephen J. Peelor, Sr. Vice President, Lending
310-642-2034 Fax: 310-258-0701 speelor@centuryhousing.org

Century Housing Closes $12.5 Million Loan, Preserving 185 Homes for Huntington Beach Seniors, Drawing on Fannie Mae Line of Credit

Los Vientos to add 89 family apartments in Barrio Logan community

AMCAL Multi-Housing, Inc., one of California's leading builders of workforce and low-income housing, recently broke ground on Los Vientos, its first affordable housing development in San Diego. Featuring 89 family apartments, Los Vientos is scheduled to open in Fall 2009.

ENTERPRISE COMMUNITY LOAN FUND

Summary:

(as reported by the National Low Income Housing Coalition in their Memo to Members)

Studies: Perhaps Half of Non-elderly Households with Worst Case Needs Disabled

A research brief released in December by the Urban Institute finds that more than three-quarters of the $199.5 billion in 2006 federal housing subsidies targeted homeowners, while less than one-quarter benefited renters.

Tax breaks, primarily in the form of the mortgage interest deduction, constituted nearly all of the $157.5 billion in subsidies going to homeowners, while 87% of the $42.0 billion in renter subsidies took the form of direct outlays.