RALEIGH, NC - Community Preservation Partners (CPP), one of the nation’s most active affordable housing preservation developers, today announced the acquisition of Chandler Ridge Apartments, a 228-unit mixed-income community in Raleigh, North Carolina for $26 million. Purchased with 4% low-income tax credit equity, the deal preserves affordability for those earning 60% AMI or lower for an additional 30 years, while also extending affordability to 37 formerly market-rate units. Located at.