Community Preservationand develoPment CorPoration

CPdC real estate develoPment:Building and sustaining Communities

CPDC is a nationally-recognized leader in affordable housing with award-winning preservation projects known for their innovative and high-quality design, sophisticated financing, efficient property operations, and robust Resident Services programs. CPDC builds strong communities where transformation takes place daily. Children engage in afterschool programs to improve reading, writing, and language skills. Adults attend GED classes in the evenings to complete their high school education. Youth participate in dance, art, and other activities that stimulate their growth and development. These core principles are evident throughout CPDC’s portfolio making its communities places people are proud to call home.

CPDC specializes in: ` Managing complex redevelopments of

vibrant mixed-income communities

` Sustainable design

` Adaptive reuse

` Successful partnerships with residents and other stakeholders

` Historic preservation

` Resident relocation during renovation

Building Strong Communities

Established in 1989, Community Preservation and Development Corporation (CPDC) is a premier non-profit real estate developer focused on the acquisition, redevelopment, and operation of affordable housing communities for low- and moderate-income individuals and families. Since its inception, CPDC has increased the stock of affordable housing in the Mid-Atlantic region by more than 5,000 units and has owned and/or redeveloped more than 25 affordable housing communities throughout Washington, D.C., Maryland, and Virginia. Today, the organization owns and operates over 4,500 residential apartments serving more than 9,000 residents.

Real Estate Snapshot

Total Rental Communities Owned and/or Developed: >25

Current Operating Portfolio: >4,500

Total Number of Residents: >9,000

Total Development Value: >$500 million

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The Overlook at Oxon Run

Location: Southeast Washington, D.C. Number of units: 316 Year built: 1968 Year revitalized: 2009 Number of residents: 388 Development cost: $71.8 million Goal: Manage a complex mixed-use redevelopment

` CPDC’s gut rehabilitation of The Overlook at Oxon Run served as a catalyst to the redevelopment of the Washington Highlands neighborhood of Ward 8 in Washington, D.C. What was previously a failed Section 8 multifamily property, is now a beautiful, thriving community that provides 316 units of first rate affordable housing for individuals and families. The development of this community was particularly complex because of its mixed use design. The first seven floors feature 181 units that are restricted to and designed specifically for low-income seniors. The top five floors, consisting of 135 units, are reserved for small families. Substantial renovations to the property included open floor plans with modern kitchens and bathrooms and several energy-saving features. The property also boasts complementary space for community gatherings and resident services.

A Proven Record of Community Revitalization

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Oxford Manor

Location: Southeast Washington, D.C. Number of units: 226 Year built: 1966 Year revitalized: 2004 Number of residents: 367 Development cost: $24.9 million Goal: Improve building quality for mixed-income residents

` Several CPDC properties are designed to provide safe, vibrant, and affordable housing for individuals and families of mixed-income levels. At Oxford Manor, CPDC’s real estate development team increased marketability by rebuilding the entire heating and cooling system, replacing the roof, adding several building amenities, and installing new kitchens, bathrooms, windows, and doors. These renovations allowed CPDC to attract market-rate renters while preserving a large percentage of units for those at lower-income levels. Today, this apartment community offers striking physical features and is only minutes away from the metro rail, restaurants, and shopping.

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Stony Brook

Location: Alexandria, Virginia Number of units: 204 Year built: 1974 Year revitalized: 2011 Number of residents: 594 Development cost: $30.3 million Goal: Sustainable design

` CPDC’s competence in the area of green renovations continues to place the organization ahead of the curve in terms of sustainable design. The organization’s expertise is evident in properties such as Stony Brook, which benefits from sustainable innovations such as high-efficiency heating and cooling, energy efficient lighting, Energy Star appliances, solar hot water systems, and bio retention areas designed to catch storm water runoff. By focusing on and committing to building efficiency, the properties CPDC manages are positioned for long-term success.

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Wiley H. Bates Heritage Park

Location: Annapolis, Maryland Number of units: 71 Year built: 1932 Year revitalized: 2006 Number of residents: 74 Amount invested: $14.4 million Goal: Adaptive reuse and historic preservation

` The redevelopment of Wiley H. Bates Senior High School — the only high school in Anne Arundel County that served African Americans prior to the integration of its schools — is a model of CPDC’s expertise in adaptive reuse. This historic building, which sat vacant for more than 20 years, has been creatively converted into a multi-use complex which now includes housing for 71 low-income seniors, the Boy and Girls Club of Annapolis, a senior center, and a legacy center designed to educate visitors about Wiley H. Bates. Apart from the extensive revitalization of the community, CPDC utilized a complex multi-layer financing structure including historic tax credits and Low Income Housing Tax Credits.

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The Edgewood Terrace Community

Location: Northeast Washington, D.C. Number of units: 792 Year built: 1971-1973 Year revitalized: 1998-2003 Number of residents: 1,465 Development cost: $77.4 million Goal: Partner with residents and other stakeholders

` CPDC acquires and redevelops properties that have been adversely affected by high rates of crime and poverty. The transformation of Edgewood Terrace is a classic example of how CPDC forms strategic partnerships that affect change for both property residents and the surrounding community. In the early 1990s, it served as one of the largest drug markets in the district. Through partnerships with the Metropolitan Police Department, the Edgewood Tenant Association, and the broader community, Edgewood Terrace is now a vibrant, mixed-income community with on-site services for residents including adult education, computer training, youth programs, job skills training, and day care services for children. CPDC and its partners don’t see areas of urban blight — instead they see an opportunity to create communities that grow and thrive.

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Mayfair Mansions

Location: Northeast Washington, D.C. Number of units: 410 Year built: 1946 Year revitalized: 2009 Number of residents: 891 Development cost: $91.8 million Goal: Historic preservation

` Mayfair Mansions played an important role in the history of the district’s African American community. Originally constructed by Albert I. Cassell — African American architect and Howard University professor responsible for much of the development at the university — Mayfair Mansions is one of the city’s earliest garden apartment complexes and one of the first conceived for professional and working-class African American residents in D.C. When CPDC acquires historic properties like Mayfair Mansions, its development team ensures that renovations adhere to historic standards and works to preserve the architecture and other historic features. This substantially renovated property rests on more than 22 acres of land and features a pool, tot lot, a new free-standing community center, and a resident-initiated produce garden. Mayfair Mansions is listed on the District of Columbia Register of Historic Sites and the National Register of Historic Places.

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West Wood Oaks

Location: Fairfax, Virginia Number of units: 54 Year built: 1972 Year revitalized: 2012 Number of residents: 122 Development cost: $9.1 million Goal: Resident relocation during renovation

` The rehabilitation of apartments with residents in place or with on-site relocation is one of the most complex types of construction. CPDC’s development team specializes in meticulous planning, coordination, and scheduling, and will often carry out construction in phases. This approach allows the team to maximize the use of vacant units as temporary housing for residents with as little disruptions to daily life as possible. At West Wood Oaks, CPDC was able to maintain tax credit-qualified units during the tenant-in-place relocation process with minimal stress for tenants as they prepared to occupy their newly-improved permanent dwelling.

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Innovative Services for Unique Communities

No two communities are exactly alike, and CPDC’s team is experienced with managing a diverse portfolio of properties with unique characteristics and requirements.

Regardless of an individual property’s specific features, a mainstay across CPDC communities, and what sets the organization apart from other developers in the region, is the consistent and ongoing investments made in residents. CPDC works to engage residents in every step of the development process and conducts neighborhood assessments to determine the types of programs that are needed and are of interest to residents. The organization’s Resident Services programs are based upon a community building model that focuses on five impact areas (environment, economic development, education, health and wellness, and resident engagement). These impact areas serve as intentional targets for the implementation of programs and services at the various CPDC communities.

CPDC believes that with the right conditions, buildings stand stronger, people reach farther, and communities become neighborhoods that succeed and endure. CPDC and communities together. Growing and thriving.

Partnering for Success

CPDC has demonstrated a steadfast commitment to affordable housing preservation, high-quality real estate development, and focused resident engagement. Through strategic partnerships with investors, contractors, donors, resident service providers, and other key stakeholders, CPDC builds and sustains strong communities, positioning them for long-term success. Whether looking for a socially responsible investment opportunity or a seasoned developer that maintains a robust pipeline that will keep contractors engaged, your partnership ensures that CPDC and communities together, grow and thrive. Consider partnering with the Mid-Atlantic region’s choice housing developer today!

Construction Types

Mid-rise apartments

High-rise apartments

Garden-style apartments

Townhouses

Senior living facilities

Unit Sizes

1-, 2-, and 3-bedroom units

Amenities Offered

Laundry facilities

Community centers

Recreation areas (e.g., tot lots)

Computer labs

Pools and fitness facilities

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