Community Asset Preservation Corporation (CAPC) is the first nonprofit organization of its kind. With its vertically integrated real estate platform, CAPC is equipped with the financial strength, regional reach and real estate expertise to stabilize neighborhoods through the acquisition and redevelopment of vacant and abandoned properties, returning them to productive use as quality, healthy and affordable homes.
CAPC leverages partnerships with local nonprofits and minority contractors to build capacity and complete community-oriented real estate projects in underserved communities. As a wholly owned real estate development subsidiary of New Jersey Community Capital, CAPC has acquired over 2,130 housing units for redevelopment since 2009. CAPC has developed sub-business lines to vertically integrate its business model in an effort to diversify and guard against shifts in the real estate market.
Scattered-site housing rehabilitation is the cornerstone of CAPC’s work stabilizing neighborhoods heavily impacted by foreclosure. CAPC continues to acquire vacant and abandoned properties, provide needed rehabilitation to the structures, and sell or rent homes to low- and moderate-income families throughout the state. Since 2009, CAPC has impacted more than 5,100 individuals and children through our scattered-site rental and for-sale work.
Through Innova Home Services, CAPC's construction management entity, CAPC staff provides one-on-one support to local general contractors working on CAPC properties. As a result of this additional support, CAPC works with a wider variety of contractors, most of which are small, local, and minority-owned. CAPC ensures that all contractors can focus on their specialized trade of work and growing their internal capacity.
Through both rehabilitation and new construction, CAPC meets needs of communities looking for higher-density multifamily units, offering both for-sale condominiums and rental units with the same high standards for both quality and affordability and provide an opportunity to invest in communities in innovative and catalytic ways.
CAPC manages its rehabilitated homes as affordable rental units. With a portfolio of more than 600 units in New Jersey and Florida, CAPC Property Management was created to address the lack of competent scattered-site property managers and is currently managing properties for non-profit partners as well.
CAPC Brokerage provides real estate services for buyers and sellers including referrals to pre-purchase housing counseling agencies, lenders, and to private, state and local down payment assistance programs. CAPC agents focus on helping low and moderate income families meet their homeownership goals.
Through CAPC’s Down Payment Assistance Program, Monica and Manuel were awarded a $48,500 grant to assist in the purchase of a home and reduce their monthly mortgage.
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