CPP to Rehab Five Communities on Southern California Border

Community Preservation Partners (CPP) has added five communities with 256 units on the Southern California border to its development and partnership portfolio.Starting this month, CPP is facilitating the $27 million rehabilitation project in partnership with Bettencourt Properties and White Cap Coastal. The acquisition- rehab includes the $10 million purchase price and $17 million in construction […]

Community Preservation Partners Closes Financing on Five Communities on Southern California Border

IRVINE,  Calif. (July 24, 2019) – Adding 256 units to its development and partnership  portfolio, Community Preservation Partners (CPP) is pleased to announce the  $10 million purchase of five communities in Imperial County,  California. In August, CPP facilitate the rehabilitation project in partnership with  Bettencourt Properties, Inc and White Cap Coastal, Inc, including $17 million […]

Community Preservation Partners Welcomes New Director of Acquisition Finance

IRVINE,  Calif. (Aug. 14, 2019) – Community Preservation Partners (CPP), an affordable  housing rehabilitation specialist with more than 7,500 units in its national  portfolio, is pleased to announce Jeffrey Taylor as its new director of acquisition finance. The position supports an accelerating growth initiative that saw CPP nearly double in size over the past several […]

Community Enrichment Is Par for the Course at CPP

It was a busy spring for CPP, one loaded with acquisitions, construction and our favorite activity – giving back to the communities we serve. Our commitment to enriching the lives of some of the nation’s most vulnerable populations is a big part of the “Community” in our name, but it doesn’t stop there. We believe […]

CPP Rehab Project Named Finalist for National Affordable Housing Accolade

Community Preservation Partners (CPP) has been recognized as a finalist in Affordable Housing Finance’s 2019 Readers’ Choice Awards. The magazine recently announced that The Belt Atlantic, a 216-home multifamily community in Richmond, Va., is one of four finalists in the Preservation category. CPP is extremely proud to be considered for this accolade according to CPP […]

Rehab Complete on 90-Year-Old LA Units

Community Preservation Partners has revitalized The Curtis Johnson Apartments, a 48-unit property for low-income families in the Vermont Harbor neighborhood of Los Angeles. Out of the total $11.9 million rehabilitation, the company spent $4.5 million to purchase the asset from a private developer and $4.3 million on construction costs.(Earlier this month, Community Preservation Partners completed […]

Community Preservation Partners Renovates 48 Affordable Housing Units in Los Angeles

IRVINE, Calif. (May 22, 2019) – Community Preservation Partners (CPP) has improved the homes of 48 low-income families in and around the Vermont Harbor neighborhood in Los Angeles, the affordable housing developer announced today. The total $11.9 million rehabilitation includes the $4,460,000 purchase from a private developer and $4.3 million in construction costs. The Curtis […]

Rehab Complete on Affordable Sacramento-Area Property

Community Preservation Partners has completed the renovation of Danbury Park Apartments in Antelope, Calif. The affordable housing community encompasses 140 units, out of which 14 have been remodeled and brought to Americans with Disabilities Act standards. The total $35.6 million rehabilitation includes an $18.5 million purchase and roughly $5 million in construction.Located at 7840 Walerga […]