CPP Partners With Rochester’s Cornerstone Group to Preserve Affordable Housing in Erie
ERIE, Pa., April 19, 2022 (GLOBE NEWSWIRE) -- Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, today announced its acquisition of Methodist Towers in Erie, a 13-floor high-rise affordable housing complex comprising of 138 senior units (55+), 57 of which receive subsidy under a Section 8 HAP contract.
- ERIE, Pa., April 19, 2022 (GLOBE NEWSWIRE) -- Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, today announced its acquisition of Methodist Towers in Erie, a 13-floor high-rise affordable housing complex comprising of 138 senior units (55+), 57 of which receive subsidy under a Section 8 HAP contract.
- The affordability commitments and investment made in Methodist Towers will preserve its affordable housing designation for future decades.
- CPP is excited to partner with Rochesters Cornerstone Group on another exciting Preservation project.
- Since its founding in 2004, Community Preservation Partners (CPP), an affordable housing rehabilitation company, has invested more than $2.6 billion into neighborhoods across the United States, keeping housing costs affordable for thousands of seniors, families and individuals.