Community Preservation Partners Completes $41.5M Affordable Housing Project in Rochester, N.Y.

IRVINE,  Calif. (Oct. 15, 2019) – A year after acquiring the troubled Cedarwood Towers affordable housing community in Rochester, N.Y., acclaimed affordable housing corporation Community Preservation Partners (CPP) has completed a substantial  rehabilitation of the property, enriching the lives of residents while protecting their  affordability and general safety. The 206-unit, age-restricted community had been known […]

Down to the Wire: A Last-Minute Rehab Rescue in Colorado

Affordable housing rehabilitations, while vital to the communities they serve, are seldom dramatic. But our most recent acquisition, CPP’s first project in Colorado, carried with it a rare sense of urgency that ended with 154 families being saved from losing their homes – just in the nick of time. Built in 1972 as a multifamily […]

Community Preservation Partners Plans $22.6M Rehabilitation in Its First Affordable Housing Project in Colorado

IRVINE,  Calif. (Aug. 27, 2019) – In a deal that helps keep 154 Pueblo, Colo.,  families in their homes and prevents rents from immediately increasing,  Southern California-based Community Preservation Partners (CPP) has acquired  and recapitalized the 47-year-old Casa Del Sol apartment community. The $22.6 million project marks the developer’s entry  into Colorado – its ninth […]

CPP Announces $24.5 Million Acquisition, Rehabilitation of Potsdam, N.Y., Community

IRVINE,  Calif. (Aug. 23, 2019) – Continuing its rapid growth on the East Coast,  Community Preservation Partners (CPP) today announced the start of  rehabilitation of the 40-year-old Lawrence Avenue Apartments, a 137-unit  multifamily complex in Potsdam, N.Y. Work begins this month on the $24.5 million project, which includes a  $10.25 million construction and renovation budget […]

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 […]

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 […]