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.
and there were some who tried to push the city into a deal with Century months ago, because the community wanted it. How would that have worked?
Century is out of the deal. The partnership that made that proposal is finished.
Now we see if the city council finds a way to award the project to their preferred developer or opens the process up all over again.
I agree it's time to move forward without Bakewell.
I hope the City starts the proposal process all over again with a better evaluation system.
Dormitas