PARTNERSHIPS
This rehabilitation was a joint venture with Related Affordable. Together, the two companies transformed Morh 1 Apartments into vibrant community with first-class recreational opportunities, including a basketball court, clubhouse and computer room. CPP partnered with the Foundation for Affordable Housing to provide needed services including computer and homework assistance for the residents.
CPP invested $11.2 million into the project; consequently, rents will be kept below market rates for an additional 55 years.