Mission Statement: CDP develops and operates sustainable, life-enhancing affordable housing with a focus on long term community engagement.
CDP is a leader of transformative change – responsible for creating life-enhancing affordable development projects that adhere to strict standards of environmentally, socially and economically responsible buildings and communities.
Our mission is to repair and strengthen the fabric of cities and towns by meeting the housing needs of local citizens through the thoughtful planning and development of affordable communities. CDP is dedicated to providing the highest quality life-enhancing housing for qualifying low income residents in the regions we build. CDP achieves this by organizing our work around four areas of practice: conceive, plan, finance and develop affordable development solutions. The result supports human-centered strategies that foster the creation of sustainable planning, development, and policy solutions that strengthen the social, economic, environmental, and cultural health of the regions in which we live and work.
Founded in 2012, CDP’s multi-disciplinary team is comprised of real estate development experts who contribute diverse backgrounds in both affordable and market-rate development. Our goal is to weave a sense of community into each of the projects completed.
Our strong focus on building efficiently and with an integration of sustainable building practices is a reflection of our intention to stay innovative. At our core we believe that green development is much more than adding energy efficient features to unsustainably designed edifices. Our approach is a holistic approach which we hope will act as a driving agent to inspire other responsible developments.
As design thinkers, we develop integrated solutions that create value and activate places through a creative and collaborative process. We seek to increase the diversity of the places in which we work. CDP strives to design affordable communities that accommodate the elderly, young people getting started with their careers, single parents, parents with kids, extended families, and the many other types of family structures. We increase the mix of incomes and the mix of uses. We have found that mixed uses support one another. Mixed uses also act as a defense during economic swings that may affect a portion of the economy.
Environmental responsibility includes both where and how we develop. CDP carefully chooses both the right places to build and the right places to leave un-built. Once we have selected the right place to build or renovate, we establish an environmentally and socially appropriate program. Using an integrated design process we are able to develop green buildings with only nominal additional cost and substantial operating efficiencies.
See Our Development Process
A development feasibility study examines options for realizing the value of a real estate asset and balances the owner’s range of economic and other goals. The analysis is tailored to the specific qualities of the property, but typically investigates different program options and associated market, entitlement and financial feasibility issues. The feasibility analysis will inform the owner of viable options for site development and is designed to lead the owner to clear decisions.
Consultant Team Selection
The most critical element of the project success is the selection and management of the team members who will contribute to the realization of the project vision. The team includes our non-profit partners, architects, land use planners, general contractors, economists, property managers, financial partners, and legal advisors. All consultants are selected not only for their professional expertise, but also for their ability to participate in an integrated design process where all team members work collaboratively to achieve the project’s goals.
Project Financing Strategy and Procurement
CDP’s leaders have strong track records in securing a broad range of innovative project financing due to our development capacity and depth of project expertise. In addition to our procurement of low income housing tax credits and the respective investors therefrom, we partner with established advisors in securing acquisitions, development, construction, and permanent debt financing. Our focus is on projects that utilize a mix of public and private financing strategies including low-income housing tax credits, new market tax credits, bond financing, public subsidy, green-targeted grants and loans, and real estate tax exemptions.
Green Development Strategies
Green development and design strategies are most successful and most cost effective when they are integrated into the initial project concept. We strive to achieve visionary goals through practical strategies and building technologies. Green project goals identified at the beginning of the project are incorporated into all aspects of the design as it proceeds through the development process.
Design Phase Management & Integration of Green Principles
Our development expertise provides for comprehensive management and integration of the project’s program, financing, design, engineering and construction professionals. CDP’s green design and construction expertise allow us to collaborate with consultants to cost-effectively integrate green principles into all aspects of the design. We coordinate the design process to ensure that the project qualifies for green incentive funding and achieves targeted green certifications.
Contract Bidding and Selection
We incorporate constructability and cost considerations into the decision-making process throughout design development, resulting in a project that conforms to projected budgets. We manage the contractor bidding process such that the bidders fully understand the objectives of the proposed project and are able to submit the most accurate and cost-competitive bid. Our construction expertise extends through the bid evaluation and negotiation process to the selection of a contractor who will realize the project vision with rigorous cost control.
Construction Phase Management & Job Cost Accounting
Our in-house construction experts participate in the design development process to ensure that key constructability, budget and green considerations are incorporated into the project design and to oversee the project’s general contractor. Once construction has commenced, we track construction progress, make regular site visits, and continue to manage all team members to deliver the project on-time and on-budget. We have particular expertise in managing the payment requisition process to conform to all public and private financing requirements.
Property Marketing, Stabilization, and Term Operations
Our development group collaborates and supervises the property manager to ensure that the project is successfully brought to market. Our team manages the marketing, advertising, and branding experts as well as brokers and leasing agents to create a clear and consistent message for the project. We seek to develop a unique identity for the property based on the green and programmatic elements that not only promote a quality residence, but also contribute to the social and environmental health of the entire community.