NEWPORT NEWS, VA - Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, announced that it has closed on City Line Apartments. This marks CPP’s third of similar building renovations in the state of Virginia.
Built in 1979, with its last renovation almost 20 years ago, the property will receive improvements in all 200 units, including new kitchen and bathroom appliances, new luxury vinyl plank (LVP) flooring and new HVAC units. The building.
The Newport News, Va., property is undergoing renovations, which will ensure its status as an affordable housing asset. Community Preservation Partners has acquired City Line Apartments, a 200-unit affordable housing property in Newport News, Va.