Community Preservation Partners

California’s recent wildfires have not only devastated communities but have worsened the state’s ongoing housing shortage. With 2.5 million new homes needed by 2030 and fewer than 80,000 built annually, it’s time for bold solutions. In his latest Forbes article, Seth Gellis, President of CPP, explores how densification, streamlined approvals, and fire-resistant construction can drive recovery and resilience. By prioritizing innovative materials, ADUs, and efficient permitting, we can create safer, more sustainable communities. Read the full article to learn how rebuilding smarter can help solve California’s housing crisis: https://lnkd.in/g_FyfnDm #AffordableHousing #WildfireRecovery #CPP #HousingCrisis

Join CPP's Vice President of Development, John Fraser, at the Institute for Professional and Executive Development Housing Tax Credits 101 Conference from March 13-14 in Boston, MA. On Friday, John will take the stage at the Interplay between HUD and LIHTC at 9:15 AM. You can find John throughout the conference to connect on the outlook for affordable housing, hot markets, and strategies to succeed in the multifamily and affordable markets. #CPP #AffordableHousing

When Bellflower Friendship Manor—a vital senior housing community—needed a new steward, Community Preservation Partners (CPP) stepped in with a vision that went beyond just renovation. With a $32 million transformation, CPP: ??Secured critical funding ? Modernized the property ? Protected affordability for the next 55 years This is what it means to do affordable housing differently—blending creativity, purpose, and performance to uplift both properties and the people who live in them. ?? Read more about this impactful project below. #CPP #AffordableHousing #California

Join CPP's Vice President of Development and Acquisitons, Jack Aronson, at the NH&RA Annual Meeting today through March 1st in Miami Beach, FL. You can find Jack throughout the conference to connect on the outlook for affordable housing, hot markets, and strategies to succeed in the multifamily and affordable markets. #CPP #AffordableHousing

Community Preservation Partners (CPP), in partnership with Bettencourt Properties and the Beneficial Housing Foundation, is proud to announce the acquisition and renovation of Sundance Apartments in Bakersfield, CA. CPP’s total development investment is approximately $32.5M, with estimated renovation costs of approximately $80,000 per unit. Originally built in 1981, the Sundance property's 60 affordable units will remain available to families for the next 55 years. The Sundance Apartments will also be serviced by LifeSTEPS to provide essential on-site services like education, health, and wellness programs. Read more about the project here: https://lnkd.in/g4AP9Eqr #CPP #AffordableHousing #California #DifferentWaytoHome

Creativity. Performance. Purpose. A Different Way to Home. #CPP #AffordableHousing

In one of the nation’s most affluent regions, 200 low-income seniors at Miracle Terrace Apartments faced the looming threat of displacement. But through innovation, partnership, and perseverance, Community Preservation Partners (CPP) and Jamboree Housing Corporation ensured that this community remained home. Through a $7.4 million investment into the property, we delivered: ? Solar thermal PV systems for lower energy costs ? Water-efficient landscaping for long-term sustainability ? 20% energy efficiency improvements, including Energy Star appliances ? Solar-powered EV charging stations for resident ride-share The result? A financially feasible, environmentally sustainable, and affordable housing solution that preserves the future for Miracle Terrace residents. This is #ADifferentWayToHome. Learn more about CPP’s impact below. #CPP #AffordableHousing #California

Join CPP President, Seth Gellis, at the Affordable Housing Tax Credit Coalition 2025 Annual Conference on January 29th and 30th. Find Seth to connect on the outlook for affordable housing, hot markets, and strategies to succeed in the multifamily and affordable markets. #CPP #AffordableHousing #California

Community Preservation Partners (CPP) is thrilled to announce the acquisition and planned renovation of Normandie Villas, an affordable housing complex in Los Angeles' vibrant Adams Normandie neighborhood. This marks CPP’s sixth community in the greater Los Angeles region, furthering our mission to address the critical need for quality, affordable housing. Located near USC and downtown LA, Normandie Villas offers 25 family-focused units—15 two-bedroom and 10 three-bedroom homes. The property will undergo much-needed renovations, including energy-efficient upgrades, new community spaces, and improved amenities. Units will be set to 30%, 40%, 50%, or 60% of Area Median Income (AMI), and resident services provider - LifeSTEPS - will work with CPP to offer residents valuable education and wellness programs, strengthening this vibrant community for years to come. Featured in Multi-Housing News, click here to read more: https://lnkd.in/e2kk5GyC #CPP #AffordableHousing #LosAngeles

CPP is proud to see our President, Seth Gellis, featured in Forbes Business Council's latest article, “19 Real Estate Investment Trends to Watch in 2025.” As an advocate for impactful investments, Seth highlights the growing momentum behind social impact investing: "Social impact investing will continue gaining favor within the investment community as people recognize the cash flow stability in affordable housing. All things being equal, when given the opportunity, most investors will want to do well with their investments while helping others. This is especially true considering the safety and maturity of the asset class and emerging opportunities in workforce housing." At CPP, we believe in creating opportunities that benefit both communities and investors, creating a truly “Different Way to Home.” ?? Read the full article to explore the trends shaping real estate in 2025: https://lnkd.in/gMU2gxm4 #AffordableHousing #SocialImpactInvesting #RealEstateTrends #CPP