The Latest Press Releases from CPP

Community Preservation Partners (CPP), a mission-driven developer dedicated to preserving and creating affordable housing, today announced the promotion of two seasoned leaders who will help guide the company’s national growth and its commitment to delivering high-quality communities across the country. John Fraser has been elevated to Senior Vice President of

Community Preservation Partners, a mission-driven affordable housing preservation developer, and Beacon Communities, one of the nation’s leading affordable housing development and management companies, have announced the acquisition and planned rehabilitation of Brewery Square Apartments in New Haven, Connecticut. This is the second community for CPP in the Fair Haven neighborhood,

CPP, a mission-driven affordable housing preservation developer, in partnership with Housing New Mexico, Bernalillo County, Near North Valley Neighborhood Association, and the City of Albuquerque, has announced the acquisition and planned renovation of St. Anthony Plaza Apartments, an affordable housing complex in Albuquerque, N.M.. This is the 39th community in

CPP, a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Ramona Park, an affordable housing complex in Baldwin Park, Calif. This is CPP’s fourth project in the Los Angeles area in the past year. Ramona Park is located at 13870 Ramona Boulevard in Baldwin Park,

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, in partnership with Bettencourt Properties and The Beneficial Housing Foundation, has announced the acquisition and planned renovation of Sundance Apartments, an affordable housing complex in Bakersfield, Calif. This is the first community in Bakersfield for CPP. Sundance Apartments is located

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of MCA III Apartments, an affordable housing complex in Los Angeles. The property is situated in the highly desirable south-central region of Los Angeles, which has a significant demand for affordable housing. This

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Normandie Villas, an affordable housing complex in Los Angeles. The property is situated in the highly desirable Adams Normandie neighborhood of Los Angeles. This is the sixth community in the greater Los

CPP, a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP partnered with co-developer The Hampstead Companies on the deal. This is the second community in El Cajon for CPP, joining Park Villa Apartments.

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Green Hotel Apartments, an affordable senior (62+) apartment complex in downtown Pasadena, Calif. This is the 15th community in the greater Los Angeles area for CPP and the 41st in the state.

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Elmore Roberts in Great Falls, Mont. This is CPP’s third project in Great Falls, following its acquisition of Sunshine Village and Broadview Manor in 2023. Located at 6 6th Street S in

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the acquisition and planned renovation of Crestview Terrace, an affordable housing development in Ellensburg, Wash. Built in 1970, Crestview Terrace last underwent renovation in 2008, and has since experienced deferred maintenance. The development’s 168 units are spread across

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Corinthian House, a senior development in southwest San Jose, Calif. This is the fourth community in the Bay Area for CPP, joining Franco Center in Stockton, and El Rancho Verde and Lenzen

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Canoga Park Apartments, an affordable housing development in Los Angeles, Calif. This is the fifth community in the greater Los Angeles area for CPP and the 60th in the state. Built in

CPP a mission-driven affordable housing preservation developer, and WNC & Associates a family-owned business known as both a pioneer and leader in the affordable housing industry, have announced the acquisition and planned renovation of Euclid Villas in El Centro, Calif.. The acquisition is in partnership with Bettencourt Properties, Inc. and

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the planned renovation of Woodside Terrace, an affordable housing community just three miles from of downtown Beloit, Wis. The development consists of 120 units, 116 of which are Section 8. This property is CPP’s first investment in Wisconsin. The

Conifer Realty, LLC (Conifer), a nationally ranked, full-service real estate company specializing in the development, construction, management, and ownership of high-quality, affordable housing communities, and Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, have announced the planned renovation of Andrews Terrace, an iconic 526-apartment building complex on Rochester’s

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh. The development consists of eight, two-story residential buildings comprising 204 apartments ranging from one- to three-bedroom layouts. This property is CPP’s

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has entered the Santa Fe market with the acquisition and planned renovation of two developments in the city: Sangre De Cristo Apartments and Santa Fe Apartments. Once renovated, the two developments will be restricted to households earning 60 percent or

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Skyline View Apartments in Layton, Utah. CPP partnered with The Hampstead Companies who will be the co-owner and co-developer. This is the second community for CPP in the state with a previous acquisition

CPP(Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of two developments in Albuquerque: Mountain View II and III. This is the first project in Albuquerque for CPP, which coincides with two recent closings in Santa Fe. CPP’s investment in New Mexico consists

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

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

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

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

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

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

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

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

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

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

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

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

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,

Community Preservation Partners (CPP), one of the nation’s most active affordable housing preservation developers, today announced completed renovations on three family-focused communities in Arizona: Buckeye Villa (Buckeye), Morningside Villa (Phoenix) and Tempe Villa (Tempe). CPP acquired the HUD Section 8 properties in February for $30 million, bringing them into the

Community Preservation Partners (CPP), one of the nation’s most active affordable housing preservation developers, today announced the acquisition of Chandler Ridge Apartments, a 228-unit mixed-income community in Raleigh, North Carolina for $26 million. Purchased with 4% low-income tax credit equity, the deal preserves affordability for those earning 60% AMI or

National affordable housing authority Community Preservation Partners has hired two affordable housing specialists, Tom Gibson and Michael Anderson, to support the growth of its East Coast division and the company’s efforts to obtain and preserve affordable communities across the United States. Gibson joins the firm as senior development manager and

Community Preservation Partners (CPP Housing), the nation’s third most active preservation developer, today announced the addition of two affordable housing specialists, Tom Gibson, senior development manager, and Michael Anderson, senior acquisitions associate, to support the growth of its East Coast division and the company’s dedicated efforts to obtain and preserve

Community Preservation Partners (CPP) is investing $9.5 million to preserve an affordable housing community in Sacramento, California. The national affordable housing developer announced that it has acquired Grand Ave Villa in the city’s Del Paso Heights neighborhood. Built in 1974, the 18-unit apartment complex is CPP’s smallest holding and its

Community Preservation Partners (CPP Housing), a national affordable housing developer committed to creativity, performance and purpose, today announced the acquisition of Grand Ave Villa in Del Paso Heights. Built in 1974, the 18-unit apartment complex is CPP’s smallest holding and its first community in the city of Sacramento. CPP plans

Community Preservation Partners (CPP Housing), a national affordable housing developer committed to creativity, performance and purpose, today announced the acquisition of Bedford Manor Apartments in Shelbyville, Tennessee for $6.1 million. Built in 1968, the 108-unit multifamily community is home to more than 230 Bedford County residents who will receive a

IRVINE, Calif. (Aug. 6, 2020) – National affordable housing developer Community Preservation Partners (CPP) today announced its first rehabilitation project in New Jersey: a $123 million overhaul of the Norman Towers senior apartments in a joint venture with L+M Development Partners. CPP and L+M purchased the property for $94 million

IRVINE, Calif. (April 28, 2020) – Adding another state to its growing national portfolio, affordable housing leader Community Preservation Partners (CPP) has acquired its first property in Montana – the Ponderosa Acres Apartments located in Billings – in partnership with The Hampstead Companies as part of a rehabilitation project totaling

IRVINE, Calif. (June 30, 2020) – Less than a year after acquiring the 137-unit Lawrence Avenue Apartments in Potsdam, N.Y., Community Preservation Partners (CPP) has completed its $24.5M rehabilitation of the property. At the time CPP acquired the community, 20 of the dwellings had been in ruins for months following

Community Preservation Partners has completed its renovation of the 700-unit El Rancho Verde multifamily community in San Jose.In 2018, CPP and its partner, L&M Development Partners, purchased the community, which had not been renovated since 2001, for $370 million and invested more than $50 million in improvements, including the installation

In a joint venture totaling $105 mil, Community Preservation Partners {CPP) and Jonathan Rose Companies have acquired the 180-unit GoIden West Tower Apartments in Torrance. The partnership is planning more than $10 mil in renovations that will improve the Iives of hundreds of senior citizens. The tower, which was constructed

IRVINE, Calif. (Feb. 25, 2020) – In a joint venture totaling $105 million, Community Preservation Partners (CPP) and Jonathan Rose Companies have acquired the 180-unit Golden West Tower Apartments in Torrance, Calif., and are planning more than $10 million in renovations that will improve the lives of hundreds of senior

IRVINE, Calif. (Jan. 28, 2020) – In its first affordable housing venture in Pennsylvania, Community Preservation Partners (CPP) has partnered with Presbyterian SeniorCare Network to take on a $52.5 million rehabilitation of a senior housing portfolio, which includes homes in Butler, Greene and Washington counties. The Presbyterian portfolio encompasses 278

IRVINE, Calif. (Dec. 19, 2019) – In a deal that will vastly improve living conditions for hundreds of residents of Cameron Park Apartments in West Covina, Calif., Community Preservation Partners (CPP) has purchased the multifamily complex for $52 million. The acquisition deal includes nearly $10 million in renovations, plus measures

IRVINE, Calif. (Jan. 13, 2020) – Community Preservation Partners (CPP) has invested more than $2 billion into neighborhoods across the nation to keep housing costs affordable for thousands of seniors and families, allowing them to remain in their homes. The milestone was calculated by totaling the company’s affordable housing acquisition

IRVINE, Calif. (Oct. 29, 2019) – In a move that will significantly extend and preserve affordability in New Mexico, Community Preservation Partners (CPP) will begin renovations on 436 affordable homes throughout the state. Part of a $16.2 million construction project undertaken with the property owner, the JL Gray Company, the

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,

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

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

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

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

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

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

IRVINE, Calif. (July 16, 2019) – Community Preservation Partners (CPP) today announced the end of a $14.3M rehabilitation, including 98 multifamily units spread across two communities in Ogden, Utah, wrapping up the company’s first projects in the state. Renovations spanned roughly a year of construction at the 58-unit Normandie Apartments

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

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

Community Preservation Partners (CPP) has completed a major renovation at Danbury Park Apartments, a 140-unit affordable housing community in Antelope, CA. The total $35.6 mil project includes an $18.5 mil purchase and nearly $5 mil in construction.Danbury Park Apartments is located at 7840 Walerga Rd, about 15 miles north of

We are pleased to announce our latest acquisition in San Jose – the Lenzen Square multifamily apartment community. The $20.75 million purchase adds 88 units to our San Jose portfolio – which also includesCourtyard Plaza Apartments,Monte Vista Gardensand the 700-unitEl Rancho Verde– pushing the total city footprint over 1,000 homes.

IRVINE, Calif. (Feb. 26, 2019) – In a deal that adds 144 multi-family units to its portfolio on the East Coast, Community Preservation Partners (CPP) is pleased to announce the $9.5 million purchase of Royal Arms in Front Royal, Va. A rehabilitation specialist, CPP will begin an $8 million renovation

IRVINE, Calif. (May 3, 2019) – Following a major renovation designed to enrich the lives of 140 low-income families, Community Preservation Partners (CPP) today announced the completion of work at Danbury Park Apartments in Antelope, Calif. The total $35,613,373 rehabilitation includes an $18.5 million purchase and nearly $5 million in

IRVINE, Calif. (Jan. 9, 2019) – John Fraser, an accomplished affordable housing executive with a decade of experience in mixed-use development, has joined Community Preservation Partners (CPP), a rapidly growing developer and rehabilitation specialist with more than 7,200 units in eight states, as its new senior project manager. Fraser comes