Company History

The history of Community Preservation Partners (CPP) begins with our parent company, WNC & Associates. Founded in 1971, WNC is a national investor in affordable housing and community renewal initiatives. It has acquired more than 1,200 properties valued at greater than $6.2 billion in 45 states, Washington D.C., and the Virgin Islands.

CPP was established in 2004 to promote the preservation of low-income housing and to assist existing owners and/or general partners with recapitalizing and revitalizing their affordable housing portfolios.  Since then, it has successfully acquired, developed and rehabilitated more than 5,000 affordable multi-family and senior housing units across the nation.

CPP is more than a consultant or an investor. We are a true partner in every sense. CPP helps enrich the local community by joining forces with leading nonprofits and strategically partnering to provide essential social services to residents.

  • 2004

    CPP is formed as the development arm of WNC & Associates

  • 2005

    Rancho Niguel becomes CPP’s first HUD Section 8 recapitalization

  • 2005

    The first USDA RD portfolio is finalized, consisting of seven properties in Kings, Riverside, and Fresno counties

  • 2005

    CPP closes deal for Riverwood Village, its first JV partnership and the first Tax Exempt Bond USDA deal in Nevada

  • 2009

    CPP portfolio reaches 1,000 units

  • 2009

    CPP executes its first Tax-Exempt Bond USDA transaction in New Mexico

  • 2010

    Anand Kannan is hired as president of CPP

  • 2012

    CPP portfolio reaches 2,000 units

  • 2012

    The first three 9 percent LIHTC deals are closed by CPP

  • 2013

    CPP secures Coral Wood and Orangewood Court projects using the HUD 223(f) Pilot Program, the first of its kind in Southern California

  • 2013

    Voorhis Village project is finalized by CPP, making it the first co-op in the country to be closed through HUD Section 236

  • 2014

    CPP portfolio reaches 3,000 units

  • 2014

    Monte Vista Gardens acquisition is closed by CPP from beginning to end in less than 45 days

  • 2014

    CPP closes deal for Monument Arms in Fairfield, its fourth JV partnership with Jamboree Housing Corporation

  • 2015

    Northgate Terrace, a 201-unit tower in Oakland, becomes CPP’s first JV partnership with the Related Companies

  • 2015

    CPP preserves at-risk Senior Housing in the heart of San Francisco through Park Sunset Apartments deal

  • 2015

    Bellflower Friendship Manor, a 144-unit senior tower in Bellflower, Calif., becomes CPP’s first JV partnership with L&M Development

  • 2015

    CPP ranked 9th in the nation for successfully acquiring more than 1,200 units.

  • 2016

    CPP moves into its sixth state with the Plaza Townhomes purchase in Portland, Oregon. Affordability for the 68 townhomes, in 18 buildings, will be preserved for 30 years.

  • 2016

    Community Preservation Partners closes the largest USDA transaction in its history, using the department’s Section 515 Rural Rental Housing Loans program to fund the rehabilitation of Mountain View Apartments in Cathedral City, Calif. The $11.3 million rehabilitation improves the living conditions of hundreds of senior citizens.

  • 2016

    CPP ranked third in the nation for affordable housing rehabilitations in 2016 after completing over 1,200 rehabs at 10 housing developments.

  • 2017

    CPP reaches more than 5,000 units across the United States furthering the mission to enrich lives and strengthen neighborhoods by recapitalizing, rehabilitating and preserving affordable housing communities.

  • 2017

    CPP reaches a landmark milestone of $1 billion in investments into American neighborhoods, preserving affordability and enhancing the lives of residents.

Memberships

References

Lenders

CitiBank

U.S. Bank

California Bank & Trust

JLL Capital Markets

Love Funding

Rabbobank

Bonneville Mortgage Company

Bellweather Enterprise

Legal
Accounting

BDO Seidman, Costa Mesa, CA

DOZ, Carmel, Indiana

Novogradac & Company LLP- San Francisco, CA

Keith Stanley, CPA- Irvine, CA

Architects, Engineers & Consultants

DBA Architects

Musser Architects, Inc.

Irwin Partners Architects

JRN Civil Engineers, Inc.

SWCE Civil Engineering

Rincon Consultants

AEI Consultants

Lea & Company

Gill Group

General Contractors
Nonprofit Partners
Housing Authorities