Community Preservation Partners has invested $2billion in affordable housing communities. The significantmilestone comes after two years of rapid expansion in which thecompany built a portfolio of 8,000 low-income housing units. As anexample of the growth, the company invested its first billion over13 years, since its founding in 2004, and invested its secondbillion in just two years.

"Affordable housing is a national issue. After focusing onrehabilitation and preservation in California for about 12 yearsand perfecting that model, we began a national growth initiative,"Anand Kannan, president of CPP, tells GlobeSt.com."In 2018, CPP opened an office in Virginia and started approachingowners of aging affordable housing communities who might not beable to invest in renovations but also want to take care of theirresidents. We are finding tremendous opportunities not only toimprove these assets and enrich the lives of residents, but also toextend the affordability of each community by renewing low incomehousing tax credits."