Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, has acquired Sunnyview Villa in Palm Springs, a community of one- and two-story buildings reserved for residents earning between 30% and 60% AMI. CPP’s renovation and investment will renew the property’s affordability status for an additional 55 years.

Located at 2950 N. Indian Canyon Rd. in North Palm Springs, the 44 units at Sunnyview Villa will undergo extensive renovations to improve residents’ quality of life. CPP is partnering with LifeSTEPS to create a program for residents’ health and wellness. Services include effective educational and supportive services designed to maximize resident strengths and build resilient communities.

“The value that LifeSTEPS brings is a big part of the community’s renovation,” said Karen Buckland, VP of development at CPP. “We have worked with the organization in the past and they have proven to be integral in setting up an important support system for residents.”

CPP’s total development investment is expected to be approximately $20.7 million, with a purchase price of $11.25 million and an expected renovation investment of approximately $89,000 per unit. Renovations are expected to be completed in December.

Otto Ozen of the Mogharebi Group arranged the sale to CPP.

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