Located in one of the nation’s most affluent regions, more than 200 low-income senior citizens who live in Miracle Terrace Apartments in Orange County, Calif., were especially vulnerable to losing their homes with the landlord’s HUD subsidies set to expire in 2019. However, in 2017 the 179-unit complex was purchased for $37.375 million by Community Preservation Partners (CPP) through a joint venture with Jamboree Housing Corporation and the community was rehabilitated in less than a year with $7.4 million invested in renovations and improvements. Most importantly, the residents will remain in their homes through a mix of credits and vouchers procured through a deal the development team struck with the Anaheim Housing Authority.