Community Preservation and Development Corporation (CPDC) is a not-for-profit real estate developer focused on the acquisition, redevelopment, and operation of affordable housing for low- and moderate-income individuals and families. Since inception, CPDC has increased the stock of affordable housing in the mid-Atlantic region 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.
In the operation of its portfolio, CPDC makes ongoing investment in residents by ensuring they have a voice; by matching services to their needs; and by pairing their individual talents to their community interests. CPDC also provides high-quality, tailored, site-based resident solutions that help residents and communities grow and thrive.
There is no question that CPDC has had numerous successes in our region, however one of its biggest achievements to date is reaching the quarter century mark! CPDC is extremely proud of providing 25 years of service to the affordable housing community. By helping to transform the lives of countless residents who have lived in its communities and benefited from its programs and services, the organization is fully aligned with its mission and on a strong path to celebrating another 25 years.
While CPDC has experienced many accomplishments over the years, 2013 was a significant period of growth and innovation for the organization. Specifically, CPDC expanded its reach by acquiring two additional properties outside of the Washington D.C. metropolitan area. They were selected by two Public Housing Authorities—the first partnerships of their kind for CPDC—to redevelop properties in Baltimore and Richmond. CPDC completed a major renovation of The Larkspur in Arlington. And in 2013, the organization was selected by Fairfax County to complete its first new construction project in Reston.
CPDC also experienced growth and innovation within its resident services programs through the roll out of a new community building model that focuses on five impact areas: economic development, education, environment, health and wellness, and resident engagement. CPDC grew its fundraising model to include partner fundraising as a means of streamlining resources while increasing its reach. Likewise, CPDC ramped up volunteer engagement to encourage more residents, pro-bono consultants, corporations, and other groups of servant leaders to lend their time and talents in its communities. For more information on these great stories and more, read CPDC’s newly published 2013 annual report!
A strong organization needs strong partners, and membership in HAND has been vital to CPDC’s mission of developing vibrant communities through innovation and partnerships.
- Innovation: One of the benefits of HAND’s membership is timely and relevant information on the latest issues, trends, and policies that affect our industry. By staying abreast, CPDC is able to identify and pursue opportunities for innovation in construction, finance, and/or resident services which ultimately help them create trends of their own.
- Partnerships: HAND provides CPDC staff with a platform to engage in peer exchange and, on occasion, has presented opportunities for partnerships that would not have existed otherwise. Partnerships are critical to CPDC’s business. The organization can only deliver on its mission with partnerships that include a wide range of stakeholders (i.e., investors, lenders, contractors, service providers, etc.), many of which are members of HAND.
HAND also provides invaluable opportunities for CPDC’s leadership and staff to participate in trainings, networking events, and a range of other industry-related opportunities. All of these offerings provide the necessary capacity building to strengthen its team and continue to deliver on its mission.
Want to celebrate with CPDC? Check out their 25th Anniversary Fundraising Gala page and find out how you can be part of the festivities!
HAND is pleased to spotlight CPDC, which certainly contributes to our organization’s COLLABORATION, INNOVATION and TRANSFORMATION within the metropolitan area!