CPP Announces Acquisition of Allegheny Commons Apartments in Pittsburgh, Pennsylvania

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Allegheny Commons apartments. The community is located at 255 E. Ohio Street, in the revitalized and highly desirable North Shore neighborhood of Pittsburgh. The 136-unit multifamily complex is less than a mile from the Central Business District and marks the first […]

CPP Closes on Affordable Housing Community in Newport News, Virigina

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced that it has closed on City Line Apartments. This marks CPP’s third of similar building renovations in the state of Virginia. Built in 1979, with its last renovation almost 20 years ago, the property will receive improvements in all 200 units, including new kitchen […]

CPP Announces the Closing of Affordable Housing Community in Rancho Cordova, California

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Coloma Woods apartments located in Rancho Cordova, Calif. The single-story senior housing development consists of 29 units, averaging 625 square feet per unit. CPP plans a major renovation of the property to breathe new life into the community. Despite numerous repairs […]

CPP Announces the Closing of Affordable Housing in Aurora, Colorado

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Windsor Court located in Aurora, Colo. The three-story garden-style development consists of 143 units, offering one- and two-bedroom apartments designed for families and senior residents. The renovation will modernize the apartment interiors with installation of new kitchen cabinets, vinyl flooring, low-flow […]

CPP Announces the Closing of Affordable Housing Community in Upstate New York

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Keeler Park Apartments located in Rochester, NY. The two, 16-story multi-family housing towers consist of 526 units containing one, two and three-bedroom apartments. “There is a strong demand and significant need for subsidized and affordable housing across Upstate New York. The […]

CPP Announces the Acquisition of Three Affordable Housing Communities in California, New Mexico and Arizona

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the acquisition of three multifamily housing communities located in California, New Mexico, and Arizona. The properties include Park Villa apartments in El Cajon, CA, comprised of a two-story garden style residential building containing 38 studio, one- and two-bedroom units designated at 30-60% of area […]

CPP Closes on Its Second Affordable Housing in Portland

Community Preservation Partners(CPP), a mission-driven affordable housing preservation developer, today announced the closing of Fremont Manor in Portland, Oregon with a commitment to preserve its affordable housing designation for decades. Built in 1969 and never before renovated, the 28-unit, family-oriented complex features 1-, 2- and 3-bedroom floorplans ranging from 550 to 990 square-feet for residents […]

CPP Partners With Rochester’s Cornerstone Group to Preserve Affordable Housing in Erie

Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, today announced its acquisition of Methodist Towers in Erie, a 13-floor high-rise affordable housing complex comprising of 138 senior units (55+), 57 of which receive subsidy under a Section-8 HAP contract. The renovation will be a tenant in-place rehabilitation with minimal displacement for residents. CPP […]

CPP to Preserve Affordable Housing in Torrington

Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, today announced its acquisition of the Woodland Hills Apartments, 14 garden-style buildings on 19 acres with 176 units, which receive subsidy under a Section-8 HAP contract. Located at 330 Highland Avenue in Torrington, Conn., the units are income-restricted to family households at 50% of area […]

CPP Housing Joins with Local Hawaii Partners to Preserve Affordable Housing in Honolulu

Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, today announced its acquisition of the Smith-Beretania Apartments in Honolulu, a 22-floor high-rise affordable housing complex that houses 164 one- and two-bedroom units, all of which receive subsidy under a Section-8 HAP contract. CPP partnered with local lenders, BlackSand Capital, a Hawaii real estate private […]