Community Preservation Partners
Community Preservation Partners (CPP) is a privately-held, mission-driven affordable housing developer and long-term owner-operator that acquires, develops, and rehabilitates LIHTC-financed multi-family and senior housing across 20+ U.S. states, serving low-income households, seniors, and special needs populations as an affiliate of WNC & Associates.
- Company typePrivate
- Founded2004
- HeadquartersIrvine, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Community Preservation Partners does
Community Preservation Partners (CPP) is a privately-held, mission-driven affordable housing developer and long-term owner-operator headquartered in Irvine, California, with an East Coast regional headquarters in Reston, Virginia established in 2018. Founded in 2004 as an affiliate of WNC & Associates (a national affordable housing investor founded in 1971), CPP acquires, develops, and rehabilitates affordable multi-family and senior housing communities, having worked on more than 15,000 units and $4.5 billion in total capital deployment across 20+ states. Its portfolio serves approximately 58,300 residents, primarily low- and moderate-income households earning 50-80% of Area Median Income, as well as seniors and special needs populations, with affordability restrictions typically extended 20-55 years through Land Use Restrictive Agreements.
CPP's core offerings center on LIHTC-financed (4% and 9%) acquisition, new construction, and rehabilitation projects, often structured with Section 8 Housing Assistance Payment contracts and public-private financing partnerships with state housing finance agencies, HUD, and municipal governments. Revenue mechanics combine developer fees on project capitalization, asset management fees across the stabilized portfolio, and investor returns from tax credit partnerships, with project sizes ranging from approximately $5 million to over $46 million per transaction. The company is not a technology business — it relies on industry-standard property management systems, STEM Energy management for sustainability upgrades, and a job-costing-enabled online accounting platform modernized by CFO Belinda Oakes. There are no proprietary software products, APIs, or AI/ML capabilities disclosed.
Go-to-market is sales-led and relationship-driven, relying on a national network of institutional capital partners (including CITI Community Capital, KeyBank, US Bank, PNC, and 175 investors via the WNC network), nonprofit co-developers (Jamboree Housing, Rochester's Cornerstone Group, L+M Development Partners, Bettencourt Properties), and direct engagement with state and federal housing agencies. CPP's two reported GTM motions are acquisition-driven growth (negotiated transactions, competitive bidding, and distressed asset purchases) and preservation of existing affordable stock facing expiring affordability restrictions. Marketing channels emphasize thought leadership content via the company blog, Forbes Business Council articles by President Seth Gellis, industry conference participation (NLHA, CAHDA, CARH), and resident testimonial multimedia. The business model is high-volume, capital-intensive, and structurally dependent on continued federal LIHTC and HUD program throughput.
Community Preservation Partners firmographics
Firmographics- Name
- Community Preservation Partners
- Legal name
- Community Preservation Partners
- Website
- https://cpp-housing.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Community Preservation Partners (CPP) is a privately-held, mission-driven affordable housing developer and long-term owner-operator that acquires, develops, and rehabilitates LIHTC-financed multi-family and senior housing across 20+ U.S. states, serving low-income households, seniors, and special needs populations as an affiliate of WNC & Associates.
- Ownership category
- akta.pro rank
Community Preservation Partners industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Continuing Care Retirement Communities (623311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)
- SIC
- Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable / Middle-Market CCRCs (HLADAEAJ)
- akta.pro secondary industry
- For-Profit / Investor-Owned CCRCs (HLADAEAD)
Keywords
Where Community Preservation Partners is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Community Preservation Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others
Revenue model
- Affordable Housing Development and Management: CPP generates revenue through acquisition, development, and rehabilitation of affordable multi-family housing properties. The company uses Low-Income Housing Tax Credits (LIHTC), Section 8 Housing Assistance Payment contracts, and various public-private financing structures. Revenue is generated through property operations, asset management fees, and investor returns from tax credit partnerships.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Community Preservation Partners product offering
Product offeringCore offering
Community Preservation Partners (CPP) is an affordable multi-family and senior housing developer and long-term owner that acquires, develops, and rehabilitates affordable housing communities across more than 20 U.S. states. The company finances its projects primarily through Low-Income Housing Tax Credits (4% and 9% LIHTC), Section 8 Housing Assistance Payment contracts, and public-private partnerships, and extends affordability restrictions for 20–55 years through new Land Use Restrictive Agreements. CPP also delivers supportive resident services and sustainability upgrades in partnership with nonprofit community organizations.
Product overview
Community Preservation Partners (CPP) is an affordable housing developer and operator offering a unified platform of housing development, acquisition, and rehabilitation services. The company's core offerings include LIHTC-financed affordable multi-family and senior housing development, property preservation, and community revitalization services. CPP operates nationally across 20+ states, managing a portfolio that includes workforce housing, senior living communities, and family housing, all focused on preserving long-term affordability for low-to-moderate income households.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing Development and Preservation Core service offering in which CPP identifies, finances, acquires, rehabilitates, and long-term owns affordable multi-family and senior housing communities across 20+ U.S. states for low-to-moderate income families and seniors.
- Low-Income Housing Tax Credit (LIHTC) Project Financing Financial structuring and execution of LIHTC-financed deals (4% and 9% LIHTC) for affordable housing acquisition, rehabilitation, and new construction projects nationwide.
- Housing Communities Portfolio Operations Long-term property management and asset management of CPP's national affordable housing portfolio, including senior living, workforce housing, and family communities, with affiliated resident services partners.
- Property Rehabilitation and Modernization Capital improvement, modernization, and energy-efficiency upgrades to aging affordable housing properties, paired with 20-55 year affordability extensions through new Land Use Restrictive Agreements.
Quantifiable outcome
- More than 15,000 affordable multi-family and senior housing units acquired, developed, or rehabilitated since 2004
- +2 more outcomes
Companies that use Community Preservation Partners
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles4 records
Community Preservation Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Community Preservation Partners partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Bettencourt PropertiescoreDevelopment partner for Sundance Apartments acquisition in Bakersfield, CA, a 60-unit affordable housing complex with approximately $32.5 million total development investment.
- The Beneficial Housing FoundationcoreNonprofit development partner for Sundance Apartments acquisition, working with CPP and Bettencourt Properties to preserve affordable housing.
- Jamboree Housing CorporationcoreJoint venture partner for Miracle Terrace Apartments in Orange County, CA. Jamboree is a nonprofit affordable housing developer that provides essential social services to residents and supports neighborhood initiatives.
- Rochester's Cornerstone GroupcoreLong-term development partner for multiple properties in the Rochester, NY area including Lawrence Avenue Apartments in Potsdam, Ellicott Park Townhomes in Buffalo, and Andrews Terrace in Rochester.
- LifeStepsminorSocial services partner providing adult education, health and wellness, and skill-building classes and services to residents at Canoga Park Apartments in Los Angeles.
- Rainbow Housing Assistance CorporationminorNonprofit partner at Franco Center in Stockton, CA that continues and expands social services offered to senior residents.
- L+M Development PartnerscoreJoint venture partner for Bellflower Friendship Manor rehabilitation project. L+M is a leading affordable housing developer that collaborated with CPP on the $32 million acquisition and $7 million renovation project.
- Hampstead CompaniescoreStrategic partner for affordable housing rehabilitation projects including properties in Montana.
- Cooper Housing InstitutecoreAffiliate of WNC & Associates focused on affordable housing preservation and resident services.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Community Preservation Partners competitors and assessment
Company assessmentDirect peers
- WNC & Associates: Parent company of CPP, founded in 1971, with $21.6B+ in affordable housing acquisitions and 175 institutional investors. Directly comparable as a vertically integrated affordable housing investment and development platform.
- BRIDGE Housing Corporation: Major nonprofit affordable housing developer with a national footprint and focus on California. Directly comparable to CPP's multi-family and senior affordable housing development model; Marie Debor previously worked at BRIDGE.
- The John Stewart Company: California-based affordable housing developer, owner, and property manager founded in 1978. Direct competitor in California LIHTC-financed affordable multi-family and senior housing; Marie Debor previously held a senior development role there.
- L+M Development Partners: Leading affordable housing developer with a strong East Coast presence; joint venture partner with CPP on Bellflower Friendship Manor. Direct peer given overlapping LIHTC-financed preservation and new construction mandates.
- National Core: National nonprofit affordable housing developer and owner with a portfolio of senior and family communities. Listed as a CPP financial partner and operates in overlapping preservation-focused affordable housing markets.
- Jamboree Housing Corporation: Nonprofit affordable housing developer based in Irvine, CA, and JV partner with CPP on Miracle Terrace. Comparable as a California-based affordable housing developer providing resident services alongside housing.
- MidPen Housing Corporation: Northern California-focused nonprofit affordable housing developer with senior and family communities. Comparable as a LIHTC-driven affordable multi-family and senior housing developer with long-term ownership.
Broad incumbents
- Related Companies: Large, diversified real estate developer with a significant affordable housing division. Marie Debor's previous role at Related Companies indicates CPP directly competes for talent and deals with Related's affordable housing platform.
- Mercy Housing: Large national nonprofit affordable housing developer operating across multiple states with senior, family, and supportive housing. Comparable in scale and LIHTC-financed preservation mandate, though typically structured as a nonprofit rather than for-profit affiliate.
Emerging players
- Rochester's Cornerstone Group: Upstate New York affordable housing developer and long-term JV partner with CPP on Lawrence Avenue Apartments, Ellicott Park Townhomes, and Andrews Terrace. Smaller regional developer with comparable preservation focus in the Northeast.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Community Preservation Partners social profiles
Digital presenceCommunity Preservation Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Community Preservation Partners leadership team
Management profileNumber of profiles
Profiles7 records
Community Preservation Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Community Preservation Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Community Preservation Partners
What does Community Preservation Partners do?
Community Preservation Partners (CPP) is an affordable multi-family and senior housing developer and long-term owner that acquires, develops, and rehabilitates affordable housing communities across more than 20 U.S. states. The company finances its projects primarily through Low-Income Housing Tax Credits (4% and 9% LIHTC), Section 8 Housing Assistance Payment contracts, and public-private partnerships, and extends affordability restrictions for 20–55 years through new Land Use Restrictive Agreements. CPP also delivers supportive resident services and sustainability upgrades in partnership with nonprofit community organizations.
Is Community Preservation Partners a public or private company?
Community Preservation Partners is a private company. It is classified as corporate owned and is currently operating.
When was Community Preservation Partners founded?
Community Preservation Partners was founded in 2004. It employs 11 to 50 people.
Where is Community Preservation Partners based?
Community Preservation Partners is headquartered in Irvine, United States, in the North America region.
How does Community Preservation Partners make money?
One revenue line is on record: affordable Housing Development and Management.
Who are Community Preservation Partners's main competitors?
Direct peers on record are WNC & Associates, BRIDGE Housing Corporation, The John Stewart Company, L+M Development Partners, National Core, Jamboree Housing Corporation and MidPen Housing Corporation. Broad incumbents are Related Companies and Mercy Housing. Rochester's Cornerstone Group is listed as an emerging player.
Does Community Preservation Partners have an API?
No public API is recorded for Community Preservation Partners.
What industry is Community Preservation Partners in?
Community Preservation Partners's product category is Affordable Housing Development. Its primary akta.pro industry code is HLADAEAJ, Affordable / Middle-Market CCRCs, with a secondary code of HLADAEAD, For-Profit / Investor-Owned CCRCs. Its NAICS code is 623311 and its SIC code is 7340.