Community Preservation Partners Closes $53.5M Affordable Housing Transaction in Anaheim, Calif.
Deal prevents 179-unit property from being converted to market-rate rents, keeps low-income senior citizens from being displaced, secures $7.4M in renovations
IRVINE, Calif. (Jan. 17, 2017) – In a deal that will keep more than 200 senior citizens in their homes, Community Preservation Partners (CPP) has acquired the Miracle Terrace Apartments in Anaheim, Calif. in a $53.5 million joint venture with nonprofit Jamboree Housing. Continue reading