CPDC Named 2016 HAND “Nonprofit Developer of the Year” for Partnership-Focused Community Development, Expansion Into New Markets
The Housing Association of Nonprofit Developers (HAND) recently announced winners of its 2016 Housing Achievement Awards with CPDC receiving the highest honor, Nonprofit Developer of the Year, for our work to create strong and thriving communities across the Washington D.C. metropolitan region.
HAND’s annual Housing Achievement Awards recognize the most outstanding and innovative housing developments, programs and solutions across the metropolitan region. CPDC will be recognized for the top honor at HAND’s 25th Annual Meeting & Housing Expo on June 21.
Throughout 2015, CPDC made significant progress embarking on new territory both geographically and in terms of the depth and scope of our work with residents and in the community.
Our 2015 achievements include:
Robust Growth in New Markets
Leveraging innovative financing and critical partnerships, CPDC expanded its footprint into new markets, including Baltimore, MD and the Richmond and Hampton Roads areas of Virginia. In 2015, we progressed on four new projects in these new markets alone—acquiring our first property in Newport News, VA: 274 units at Auburn Pointe; closing on our first property in Baltimore, MD: 130 units at Hollins House; breaking ground on our first Richmond, VA community: 77 new senior apartments at Highland Park Senior Apartments; and refinancing Woodmere Trace, 300 units in Norfolk, VA.
Innovative Partnerships for Community Development
In addition to having nearly 1,100 units acquired, renovated or under construction, in 2015 CPDC made equally important strides in redefining and broadening our resident services model.
Our new Community Impact Strategies (CIS) program seeks to have greater impact on entire neighborhoods through community development and relies on alliances with residents, private sector institutions, non-profits and local and federal government agencies to provide services and resources benefiting residents and those in the immediately surrounding communities.
Strategic partnerships in our new markets of Richmond, VA and Baltimore, MD are already flourishing. In Richmond, we’re working with Virginia Commonwealth University and in Baltimore with the University of Maryland and Johns Hopkins on neighborhood revitalization and to connect residents to critically-needed health and wellness services.
Empowering Residents through Reinvestment
A shining example of CPDC’s impact beyond real estate development is the recent transformation of our Southeast D.C. Arbor View property. Following a $12 million reinvestment, Arbor View is thriving as a mixed-income, mixed-use community with a rich network of services accessible to residents and the entire Ward 8 D.C. neighborhood.
Through expansion into new markets, thoughtful community development and the cultivation of mixed-income communities, CPDC has made great strides toward our 2014-2018 Strategic Plan while laying the foundation for continued impact in affordable housing and community development.
We are honored to be named HAND’s “2016 Nonprofit Developer of the Year.”