Community Asset Preservation Corporation (CAPC) is non-profit organization that acquires vacant and abandoned properties to stabilize and revitalize communities. CAPC partners with local community builders and contractors to rehabilitate and return properties to productive use as quality, affordable housing.
By pioneering bulk-purchase real estate acquisitions and joint venture redevelopment partnerships, CAPC has quickly established itself as a national model for foreclosure intervention and neighborhood stabilization. CAPC is the first nonprofit of its kind: an entity equipped with the financial strength, regional reach, and real estate expertise to make large-scale impacts on communities hit hardest by the negative effects of foreclosure and abandonment.
CAPC is a wholly owned subsidiary of New Jersey Community Capital (NJCC), New Jersey’s leading community development financial institution. NJCC provides innovative financing and technical assistance to foster the creation of quality homes, educational facilities, and employment opportunities in under-served communities in New Jersey.
CAPC continues to expand, incorporating multi-family property acquisition, direct property rehabilitation, and scattered-site property management into its toolbox to ensure it can meet a wide variety of homeownership and rental housing needs in communities across New Jersey. CAPC continues to look for opportunities to meet the housing needs of our community’s most vulnerable populations and plans to provide supportive housing for seniors, disabled individuals, and homeless families in the future. With continued growth and versatility, CAPC will have a transformative effect in the stabilization of distressed New Jersey neighborhoods and will serve as a model for community revitalization across the country.