Resident Incomes Rise At Long Beach Provider Of Affordable Housing, Outpacing L.A. County And U.S. Rates

LONG BEACH, Calif., July 6, 2017 /PRNewswire-USNewswire/ -- In a year of continued evolution and growth for Century Villages at Cabrillo, average incomes for permanent residents rose 7.1 percent in 2016, far exceeding rates for L.A. County and the nation, according to a new report by the Long Beach nonprofit provider of affordable housing and supportive services.

The agency's 2017 Social Impact Report notes that the figure is a 29 percent jump from the 5.5 percent increase CVC posted in 2015, and nearly double the 3.8 percent county and 3.9 percent U.S. rates for 2016.

CVC attributed the increase to permanent housing stability rates that again surpassed industry standards and to new initiatives affecting residents' health and quality of life.

"We are so grateful for our many partners, including the City of Long Beach, that have contributed to resident successes and a growing commitment to health and wellness across our community," remarked Brian D'Andrea, President of Century Villages at Cabrillo.

Among the report's highlights:

• At $837, CVC's estimated monthly cost of supporting an individual is 71% more effective than the average monthly public cost of serving an individual outside of supportive housing.
• Ninety-nine percent of residents remained in permanent housing six months after moving in, exceeding an industry standard of 90 percent.
• Permanent residents saved, on average, $725 over fair-market rents in the LA/Long Beach area, up from $682 in 2015, for a total of $3.7 million — an increase of more than $1.2 million over 2015.
• CVC's guiding "Collective Impact" principles have been updated to include real-time data collection and to authentically engage residents in decision-making and efforts to make the campus safer.
• CVC launched "Pathways to Health," a major initiative that takes a more holistic approach to monitoring residents' well-being through fairs, social media, and nutrition and exercise classes.

In fiscal 2016, CVC served more than 2,000 individuals, including 980 U.S. veterans. The 27-acre Long Beach campus offers three levels of housing — temporary (90 days or fewer); transitional (up to two years) and permanent. More than 20 partner agencies provide classes on workforce development and financial literacy; employment placement and training; substance abuse treatment; counseling and mental wellness programming; health care for adults and children; child care; and programming and tutoring for children.

CVC is operated by Century Housing Corporation of Culver City, California, a private 501(c) (3) nonprofit organization. Century was formed in 1995 as the successor agency to the State of California's Century Freeway Housing Program, which was established to create nearly 4,000 units of affordable housing for those displaced by the construction of the 105 (Century) Freeway.

The Social Impact Report may be downloaded at http://centuryvillages.org/community-calendar/social-impact-report/.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/resident-incomes-rise-at-long-beach-provider-of-affordable-housing-outpacing-la-county-and-us-rates-300484417.html

SOURCE Century Housing