Skip Navigation
 

Community Asset Preservation Corporation

Community Asset Preservation Corporation

Community Asset Preservation Corporation (CAPC) is the first nonprofit organization of its kind. With its vertically integrated real estate platform, CAPC is an entity 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.

Stabilizing Communities & Building Partnerships

CAPC leverages partnerships with other local nonprofits and minority builders and 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 1,200 housing units for redevelopment since 2009. Through versatility and a wide variety of tools, CAPC ensures it can meet the critical homeownership and rental housing needs in communities across New Jersey, having a large-scale impact on communities hit hardest by the negative effects of foreclosure and abandonment.

Scattered-Site Rehab

scattered-site-rehab-icon

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. Over the past several years, CAPC has established social enterprise initiatives, vertically integrating its model in an effort to diversify, guard against shifts in the real estate market and provide a more complete client experience. These initiatives include Integro Real Estate, a full-service real estate brokerage; Innova Home Services, a construction management company providing services to CAPC and other nonprofit developers; and CAPC Property Management, a wholly owned property management company providing scattered-site services for CAPC and other nonprofit owners.

Since 2009, CAPC has served from than 2,000 individuals and children through our scattered-site rental and for-sale work.

Multifamily Housing

multi-family-housing-iconThrough both rehabilitation of existing properties and the construction of new properties, CAPC is also able to meet the 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 and its partners have several projects underway, including the development of more than 100 units of supportive rental housing, 20,000 square feet of arts-focused commercial space for nonprofits, and more than 50 units of workforce housing built utilizing repurposed shipping containers.

Community & Economic Development

CAPCcommunity-econdev-icon works with nonprofit and socially minded for-profit companies to invest in strategic projects that will spur economic development and job creation in neighborhoods in need of stabilization. All projects have a strong tie to the needs of the community, providing new assets that enhance the quality of life in the surrounding area.

Building Partnerships & Supporting the Nonprofit Community

Equipped with a proven track record of quickly rehabilitating properties into affordable, quality housing, CAPC reinforces the value and power of strategic partnerships by partnering with community organizations and local government agencies to expand access to equitable and affordable rental and homeownership opportunities. Every project has a transformative effect on the stabilization of distressed New Jersey neighborhoods and serves as a model for community revitalization across the country.

CAPC is currently helping to support the development of the nonprofit housing development industry by providing construction management services for the rehabilitation and new construction of 25 units, providing third-party property management services for more than 100 deed-restricted affordable units, and aggregating financial resources through joint ventures to complete community-focused projects in targeted communities.

Success Stories

Monica and Manuel

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.

Read Story