Maximize your multifamily housing investment with unique, flexible capital solutions.

Uncommon Expertise. Unmatched Impact.

Whatever the type and size of your multifamily project, CPC offers leading-edge capital solutions that are tailored to fit your needs. From acquisition and refinancing to construction and permanent loans, our decades of proven lending experience in communities throughout the state means that you can count on us to provide a level of personalized service that is second to none.

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The Mill at Middletown

The Mill at Middletown is being adapted from a late 19th-century mill that…

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See how we revitalize neighborhoods across New York State.

Construction Commences on Buffalo River Landing, New Mixed-Use Development in Old First Ward Neighborhood

Frontier Development Initiatives (an affiliate of Frontier Group of Companies) and SavarinoCompanies, owners of mixed-use restoration project at 500 Seneca Street, have begun construction of their next major project: Buffalo River Landing (www.buffaloriverlanding.com), a mixed use building consisting of 78 one and two bedroom apartments and first floor commercial space at 1 South Street at the Buffalo River. The Community Preservation Corporation (CPC) is providing construction financing as well as an $11.45 million SONYMA-insured permanent loan through the New York State Common Retirement Fund.

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Transformation of 500 Seneca Street Creates 98 Units of Workforce Housing, New Commercial Space and New Economic Opportunity

Buffalo, NY, February 18, 2016 – Owner/partners Frontier Development Initiatives and Savarino Companies as well as President and CEO of the Community Preservation Corporation (CPC), Rafael E. Cestero, Lieutenant Governor Kathy Hochul, New York State Comptroller Thomas DiNapoli, U.S. Congressman Brian Higgins (NY-26), Buffalo Mayor Byron Brown, and New York State Senator Timothy M. Kennedy (D-63) joined development partners, tenants and community members to celebrate the completion of 500 Seneca Street, a new mixed-use development in Buffalo, New York.

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Read our Fiscal Year 2015 Annual Report. 

In Fiscal Year 2015, the CPC team closed 60 loans totaling more than $370 million, including $141 million in construction loans, to create and preserve approximately 4,300 units of quality, stable housing. We are proud of the diversity of our loans, and that our renewed focus on investing in the places and projects where we can be the most effective in revitalizing underserved neighborhoods is paying dividends.

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Latest Work

The Crawford building is a six-story, 33-unit senior residence located in Middletown, New…

Located in New York’s Capital District, Saratoga County has seen tremendous population growth…

CPC’s investment in preserving the Parkchester complex is our flagship example of how…


Our Impact

Recent News

The Catholic Sun May 4, 2016 By Tom Maguire While excavation equipment hummed…

New York Real Estate Journal (NYREJ) May 3, 2016 By John Picard Albany,…

Buffalo News April 27, 2016 BY JONATHAN D. EPSTEIN Building Update is a…


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