Community Preservation Partners (CPP) announced it 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 LIHTC program and deepening the affordability for another 20 years.
“Everyone has the fundamental right to quality and affordable housing, and the three Arizona projects showcase CPP’s dedication to preservation work that creates a more sustainable future,” said Anand Kannan, president at CPP. “By engaging with new local partners, we were able to provide high-quality renovations that truly matter to the residents, while safeguarding rents and providing stability for families.”
