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The acquisition and renovations are estimated to cost $33 million, and will be covered by a combination of bonds and ...
Community Preservation Partners acquired its 19th affordable investment community in the Los Angeles market at $64 million.
There is a shortage of 7.1 million rental homes for extremely low-income renters, per a new report.
The Trump administration has considered sharply curtailing vouchers as part of its budget for the 2026 fiscal year.
A fraction of rent-burdened households receive Section 8 vouchers — and they may not even be able to use them.
The PILOT reduces the tax liability on the developer in exchange for a 6% portion of the rents generated from the property.