Investing for Impact

The Community Preservation Corporation (CPC) raised $150 million through its inaugural public debt offering of Sustainability Bonds in February 2020. CPC, which carries a “AA-” issuer credit rating with a Stable Outlook from S&P Global Ratings, expects to deploy capital raised through this issuance in furtherance of its nonprofit mission of investing in affordable, sustainable, and workforce multifamily housing in New York State and City and throughout the Northeast.

 

CPC’s issuance was led by Goldman Sachs & Co. LLC with joint bookrunner Seibert Williams Shank & Co. L.L.C., a majority woman-owned and minority-owned financial services firm.