Uncommon expertise, unmatched impact.

Our Mission

At CPC, we believe that housing is central to transforming underserved neighborhoods into thriving and vibrant communities. That’s what we’re about: providing innovative capital solutions, fresh thinking, and a collaborative approach to the often complex challenges that owners and developers of multifamily housing face.

Our Approach

As a leading nonprofit affordable housing and community revitalization finance company, we utilize our deep, strategic relationships with government agencies, local community groups, banks, and other lenders to create customized loan opportunities for our customers. As a trusted partner in your success, we work hand-in-hand with you to help maximize the potential of your multifamily project and its impact on the community.

Our Story

The Community Preservation Corporation (CPC) was launched in 1974 through a joint agreement between the City of New York and its leading commercial banks to restore and rebuild New York’s aging neighborhoods. In the more than 40 years since we have evolved and expanded our reach to become a consistent source of capital to underserved housing markets throughout New York City and in communities across the state.

CPC has financed more than 193,000 units of multifamily housing to date. With more than $10 billion in public and private investments, our work has helped revitalize countless neighborhoods and provided quality housing for low-, moderate- and middle-income families, senior citizens, and individuals with disabilities.

Our Values

At CPC, our values define who we are as an organization and guide the way we work with our partners, within our communities, and with each other.

  • We have a deep commitment to our mission. We work hard to create the best outcomes for our customers and communities, and we have fun doing it.
  • We respect, trust and empathize with others. We are supportive and responsive and value different perspectives. While we are diverse in backgrounds and skills, we are united by our values and our passion for bringing capital to underserved communities.
  • We strive for excellence in everything we do and aim to add measurable value to neighborhoods, customers, and the industry. We go the extra mile to find the right solution and deliver on our commitments.
  • We believe in accountability and operate with the highest standards of integrity and transparency. We communicate openly and honestly with our partners and each other.
  • We embrace collaboration. The connections we foster with our colleagues, customers, government partners, and other like-minded organizations are crucial to improving housing quality and making a positive impact on the physical, social, and economic infrastructure of communities.

Meet our team.


President’s Message Video

President & CEO Rafael E. Cestero reflects on a record-breaking Fiscal Year 2018, thanks the partners who help CPC breathe new life and economic opportunity into underserved communities, and looks toward a robust and successful future.

Executive Team

At CPC, the expertise of our team makes the difference, time and time again.

Rafael E. Cestero

President & Chief Executive Officer

Sadie McKeown

Executive Vice President, Chief Operating Officer

Richard A. Kumro

Executive Vice President, General Counsel & Secretary

David Rothberg

Executive Vice President, Chief Financial Officer

Carolyn Au

Senior Vice President, Director of Portfolio Services

Wanda Chin

Senior Vice President, Chief Credit Officer

Richard Conley

Senior Vice President
Originations Director

Jeff Ely

Senior Vice President, Administration

Thomas McGrath

Senior Vice President, Director of Upstate Revitalization

Doug Olcott

SVP, Regional Director
Hudson Valley, New York

Nicholas V. Petragnani, Jr.

SVP, Regional Director
Central New York

Elizabeth Propp

Senior Vice President
Investments & Acquisitions

Robert Riggs

SVP, Regional Director
New York City & Long Island

William C. Russo

Senior Vice President, Capital Strategies

Michael Skrebutenas

SVP, Regional Director
Capital Region, New York

Jaime Sharrock

Vice President, Strategic Initiatives & External Affairs

Board of Directors

Eduardo Diaz-Perez

Managing Director and Global Head of Real Estate and Asset Finance
Credit Suisse

Steven J. Weiss

Cannon Heyman & Weiss, LLP

Bruce A. Beal, Jr.*

Related Companies

Gary Rodney


Rafael E. Cestero

President & Chief Executive Officer
The Community Preservation Corporation

Todd A. Gomez

Senior Vice President
Bank of America

Ingrid Gould Ellen

Faculty Director
NYU Furman Center for Real Estate and Urban Policy

Carol M. Joseph

Real Estate/Legal Consultant

Richard Roberts

Managing Director, Acquisitions
Red Stone Equity Partners, LLC

Anders M. Tomson

CEO and President, Chemung Canal Trust Company
President, Capital Bank

Alan Wiener*

Managing Director
Wells Fargo Multi-family Capital

*CPC Resources Board Members

Make a career out of making a difference.

Make a career out of making a difference.

Careers at CPC

The Financial Analysis team is responsible for developing advanced financial models and presentations for executive decision making, including providing recommendations to support the strategic growth of CPC’s various business units and capitalization of its balance sheet.

The Financial Analyst will be responsible for developing complex business models (both long and short term projections) and communicating key findings to the executive management team. In addition, the Financial Analyst will be part of the strategic team supporting capital raising initiatives for the company for both debt and equity.

For more information, apply here:


Under moderate supervision, the Underwriter will work closely with the Underwriter Manager underwriting new loan originations for Fannie Mae/Freddie Mac. The Underwriter will also perform evaluation of proposed Agency loans for credit risk; obtain deal approvals from CPC credit committee and respective Agency.

For more information, apply here:


The Asset Manager will implement the day-to-day risk management activities on the CPC loan portfolio. The Asset Manager will identify and mitigate the credit, financial, operational, physical and market risks impacting the properties collateralizing the loans within the portfolio.

The incumbent will also work with CPC team members, borrowers; guarantors; local, state and federal government agencies; developers; owners; managers; Fannie Mae; Freddie Mac; FHA and other industry groups to preserve the value of the housing financed by the mortgage loans.

For more information, apply here:


Under the supervision of, and reporting to the Director of Communications and External Affairs Department leadership, the Marketing intern will develop a two-year marketing plan that will 1) increase awareness of the impact of CPC’s mission-based investments in housing, and 2) promote CPC’s core construction lending in New York State, and CPC Mortgage Company LLC, a new subsidiary focused on Agency lending in the Northeast U.S. The final deliverable will be a comprehensive marketing plan that fits within the department’s budget, and which integrates print, digital (social media, email, website, etc.) and other forms of media as appropriate.

For more information, apply here:


The Portfolio Administrator will provide loan administration and servicing for a portfolio of loans, while providing superior customer service to both internal and external customers.

For more information, apply here:


CPC has offices throughout NY State, and opportunities may become available for Mortgage Officers, Assistant Mortgage Officers, as well as support & clerical staff. If you have any questions, please contact Brenda Barnaby, Human Resources at 646-822-9327.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status. CPC supports equal opportunity employment and understands that EEO is the law.