Investing in housing to create more affordable, sustainable, and equitable communities.
As a national nonprofit lender and investor, we specialize in sustainable, affordable, and workforce housing finance, offering a full suite of construction and bridge financing solutions and permanent mortgage products. We are also an equity investor that is committed to the long-term stability and affordability of the properties under our stewardship.
We use our decades of unique expertise in housing finance and public policy to help expand access to affordable and workforce housing, close the racial wealth gap and advance diversity and equity within the development industry, and expand investment in the green economy and lessen the impact of climate change in communities across America.
Mission-driven.
News
Webinar: Optimizing Building Envelopes and Ventilation Systems
LGBT-Friendly Seniors Community Breaks Ground in the Bronx
City plays matchmaker in affordable market to head off ‘predatory investors’
Regan Development opens affordable Niagara Gateway Apartments on West Side
The major NYCHA overhaul we need
The Alexandre: New Developer Hits a Home Run in First At-Bat
Alexandre Apartments opens in downtown Buffalo
$10 Million Affordable & Supportive Housing Project In Nyack
In rhetoric, and disrepair, NYCHA is de Blasio’s MTA
My 10-Year Odyssey Through America’s Housing Crisis
There’s a $27 Trillion Pot of Money to Tap for Affordable Housing
Nyack’s latest affordable apartments complete
Former CNY knife factory now apartments, retail; popular coffee shop coming soon
Oneonta Heights, $15.9 million development, holds grand opening; CPC provides $10.5m construction loan and $550,000 private pension fund permanent loan
$20 million affordable housing project on Ithaca’s Northside opens
Ithaca celebrates opening of highly anticipated affordable housing units
Another way the House tax bill hurts ordinary Americans: By devastating the affordable housing market
How tax reform could devastate the affordable housing market
Eliminating Bonds Would Slash Affordable Housing
Historic Schenectady residential building restored
Tenants to move into renovated Seneca Building apartments
Historic reuse of Loew’s warehouse to finish by year-end
Westbeth Artists Housing, NYC HPD and CPC Break Ground on $40 Million Resiliency Project
No more excuses for the city’s biggest energy hogs
CPC Delivers $4.45 Million for Acquisition of Two Multifamily Buildings in Hoboken, New Jersey
REGIFTED: WHERE DE BLASIO’S AFFORDABLE HOUSING IS REALLY COMING FROM
CPC Closes $4.5 Million in Loans for Hoboken Multifamily Buildings
In Hoboken: Affordable Housing Nonprofit Gets $4.4M Loans
Suggestions for Better Disaster Relief from Former HUD Leader
Mayor revamps housing plan to appeal to more low-income New Yorkers
Who’s News: Michael Staton Joins CPC
Superstorm Sandy Recovery Shows U.S. Still Unprepared for Major Disasters
YUCO Real Estate, HPD, BNY Mellon, CPC and partners celebrate the completion of $24.4 million Brook Avenue apartment project in the Bronx
Home Leasing, CPC Open $18M Rochester Apartments
Renters and Lenders Reward Green Apartments
The Right Path to Affordable Housing
Rev. David Brawley Was Answering East Brooklyn’s Affordable Housing Prayers Long Before de Blasio Swooped In
Letter: Albany needs an affordable housing plan
After Major State Budget Investment, Time to Unify in Our Housing Fights
New city housing policy faces test amidst affordability debate
Habitat for Humanity closes on 20 houses; Homes for low-income owners to be rebuilt throughout Southeast Queens
Habitat for Humanity partnership acquires land for 25-unit Brooklyn housing project
Habitat NYC Brings Affordability to Brooklyn
Trump’s “America First” budget keeps the poor in last place
Tax breaks sought to turn former St. Paul’s School into apartments
City officials brace for steep federal public housing cuts, after Trump unveils budget proposal
Affordable housing complex open in Cortland
Why Dr. Carson is wrong about public assistance programs
$2M rehab poised for historic buildings on Broadway
These Albany buildings will go from fire hazards to new apartments
Partnership to Convert Historic NY Building into Mixed-Use Development
See former Syracuse factory transformed into apartments
New York pension fund partners with housing lender on $710 million deal
How Mortgage Lenders Can Boost Sustainability
Loan Facility Launched For Affordable Housing Development
Goldman, Community Preservation Corp. Line Up $70M Loan Facility for Affordable Housing
New Rochelle Celebrates Grand Opening of The Lombardi
Mixed-Use Development Supports Downtown New Rochelle
Affordable Housing Development Opens in Central New York
Third phase of affordable apartments opens in Radisson
Century-old Syracuse office building to be converted into apartments
CPC, Citi, NYC Comptroller Stringer, HDC and partners launch $490 million for construction of affordable housing in New York City and upstate New York
Time to Make a Deal on 421-a
Nonprofit Extends Fund for Housing
CPC Opens Office in Buffalo, N.Y.
Community Preservation Corp. opens office in Buffalo
Community Preservation Corporation Opens Office at 534 Delaware Avenue
Work Starts on Affordable Development in Upstate NY
Diocese, partners break ground for Cortland housing
Blau of Eastern Union Funding arranges $7.3 million construction loan with CPC
Buffalo River Landing Apartments Start Going Up In Two Weeks
Syracuse neighbors step in to rescue historic Huntley apartment building
Project of the Month: CJS Architects designs $44 million mixed-use project; CPC provides construction financing for 500 Seneca
Work begins on Buffalo River Landing apartment project
Savarino shows off revamped 500 Seneca warehouse
500 Seneca conversion project: ‘Buffalo’s past is now its future’
Major affordable-housing lender is back, returns to its roots
Don’t fret, de Blasio’s zoning plan makes sense
Leading real estate voices elected to Community Preservation Corp. board
WHO’S NEWS
Community Preservation Corporation elects new board members
Wary Of Delaying Local Input, Officials Question De Blasio Zoning Plan
Mayor’s Rezoning Plan Goes Before City Planning Commission
New Yorkers debate de Blasio’s housing plans during day-long hearing
Plattsburgh unveils new affordable housing complex
HPD Celebrates Completion of Brooklyn Building
Start Of Construction On A New Energy-Efficient Supportive Housing Development
How We Can Help the Homeless
CPC Closes $23.7M in Loans Under New Program
CPC delivers $23.7 million in financing
CPC bridging money gap for small multifamily building owners
DePaul Celebrates Completion of Rochester View Apartments
CPC Invests $372 Million in Fiscal Year
Former lieutenant governor Duffy joins CPC board
Efforts stepped up to preserve low-rise East Harlem character
Mayor’s New Low-Income Housing Model Breaks Ground in the Bronx
Who’s News: CPC president, Berdardi joins Colliers
Affordable housing lender taps former lieutenant governor
Find Out How to Get City Money to Repair Multi-Family Buildings
People on the Move 7.14.15
CPC and HCR break ground on $16.9 million Independence Square; Joined by Mandelbaum of MJJ Builders / 74-unit affordable housing
CPC poised for continued growth with expanded leadership; Addition of McGrath, Propp, Hammond and Schilling
CPC Poised for Continued Growth with Expanded Leadership and Originations Teams
Middletown Mill Gets New Life as Workforce Housing
Lenders Take A Leap of Faith on Nation’s First Passive Affordable Development
What You Need To Know About The Future of 421A
Stable Neighborhoods: Organization Provides Funding for Affordable Housing Projects
$40M CPC Loan Will Prevent Rent Hikes at Cathedral Parkway
Affordable and Supportive Housing for Poughkeepsie
Corporate Social Responsibility Awards: Real Estate, Construction and Housing
City & State Reports Announces Corporate Social Responsibility Awards for Real Estate, Construction & Housing – CPC Amongst Winners
Reform 421a to Benefit Renters, Not Condos
DePaul Celebrates Completion of $23M Carriage Factory Apts; CPC Provides $10.35M construction / $2M permanent loans
Freddie to Embrace Bank Lenders in Affordable Housing Push
DePaul Completes Affordable Apartments in Rochester
CPC Breaks Ground on $10.85M Long Pond Senior Housing
Work Begins on $4M Bevier Memorial Building Project
How NYC Housing Agencies Will Change This City
Start of $16.4M Construction at Lion Heart Residence in Cohoes; CPC Provides $9.6M Construction Loan & $3.1M Permanent Loan
Fund to Help Restore Downtown Rochester Buildings
Rafael Cestero Leads CPC’s Comeback
Electrify Your 5-50 Unit Rental Building with the Climate Friendly Homes Fund
Up to $25,000 per unit is available to replace older and less energy-efficient systems with all-electric, high-performance heating, cooling, and hot water heating systems.
Through the Climate Friendly Homes Fund, CPC and New York State Homes and Community Renewal aim to finance electrification retrofits in at least 10,000 units of multifamily housing that serve economically disadvantaged communities.