Community Preservation Partners
A WNC company dedicated to preservation & rehabilitation
Assisting in new development of affordable housing is just one part of the puzzle. WNC is also focused on preserving the developments in our existing portfolio. To this end, we created Community Preservation Partners, a WNC partner company that helps us maximize our effectiveness in the growth and strengthening of affordable housing in the United States.
CPP’s mission is to recapitalize, rehabilitate and preserve affordable housing portfolios, offering practical solutions to complex challenges facing housing authorities, nonprofits and investors. Since its founding, CPP has successfully acquired, developed and rehabilitated more than 13,100 affordable multifamily housing units across the country.
Building affordable housing is a complex business. Our clients require an equity partner who understands the intricacies of these transactions. They also need a partner with the flexibility and leadership to close the deals. We offer both, which is why developers choose to partner with us again and again.
Over the years, we’ve invested in every type of affordable housing property, helping our partners finance their projects using a wide range of tax credits and debt structures. It’s this extensive experience that allows us to provide developers with one of their most valued assets: predictable closings.
How we can help
Versatile and Value-Added
We play a variety of roles in community preservation and rehabilitation, including:
Purchasing the property or interests from owners seeking an exit strategy for their investment.
Taking on the financial risk for the owner, navigating the project through the various regulations and state agencies, ensuring a successful transaction, and delivering a renovated and recapitalized asset to the owner.
Offering advice on recent changes affecting low-income housing tax credits while providing detailed cost analysis, financial pro formas, debt and equity structuring and other financial services.