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August 4, 2007

Century

G. Allan Kingston, who addressed the council in May as president of Century Housing not long before being placed on administrative leave, resigned Thursday.

Century Housing Announces Resignation of President & CEO CULVER CITY, Calif., Aug. 2 /PRNewswire-USNewswire/ -- Century Housing, the nonprofit affordable housing lender headquartered in Culver City, announced today that its Board of Directors has accepted the resignation of G. Allan Kingston as President & CEO, effective August 31, 2007. Mr. Kingston served as the Executive Director of the Century Freeway Housing Program and led the privatization of that public agency to private nonprofit status in 1995, under continuing federal court supervision by Judge Harry Pregerson of the 9th Circuit Court of Appeals. Century Housing remains one of the few known conversions of a California state program to a private, nonprofit corporation.

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