CPP Announces Acquisition of Sunnyview Villa in Palm Springs, California
CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition of Sunnyview Villa in Palm Springs, Calif., a community of one- and two-story buildings reserved for residents earning between 30% and 60% AMI. CPP’s renovation and investment will renew the property’s affordability status for an additional 55 years. Located at 2950 N. […]
CPP Announces Acquisition of Affordable Housing Communities in Great Falls, Montana
CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of two developments in Great Falls: Sunshine Village and Broadview Manor East & West (MT2 Community Partners, LP). CPP partnered with The Hampstead Companies who will be the owner and co-developer. This is the second project closing in […]
CPP Announces Acquisition of Ellicott Park Townhomes in Buffalo, New York
CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Ellicott Park Townhomes. The 8.9-acre property consists of two non-contiguous parcels and is located at 10 Durham Court in downtown Buffalo, a few blocks from the main business district. CPP’s total development investment is expected to be approximately $54.7M, with a […]
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 […]