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

CPC was formed in 1974 as a direct response to the is­sues of property abandonment and blight that New York City was facing at the time. Each year, between 20,000 and 30,000 rental units were being lost in to abandonment, fire, or demolition, and the City was taking ownership of hundreds of buildings through foreclosure and forfeiture.

In response to a 1972-73 study conducted by the New York City Clearing House, an association of com­mercial banks, and the banking community, led by David Rockefeller, stepped up with a pro­posal to address the problem. Perhaps, focusing a small amount of pooled capital on a few neighborhoods-namely Crown Heights in Brooklyn and Washington Heights in Manhattan—would improve building quality and people’s living conditions, and help pre­vent the blight in surrounding neighborhoods from de­stabilizing them. CPC was founded in 1974 to be a self-sustaining vehicle, a departure from many non­profits, which rely on regular injections of charita­ble support.

Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $11.9 billion to finance the creation and preservation of more than 220,000 units of quality housing in neighborhoods across New York State and beyond.

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.

Connect

Video Message from the CEO

CEO Rafael E. Cestero looks back on CPC’s biggest year yet in his Fiscal Year 2021 Annual Report Message:

CPC Operating Committee

The CPC Operating Committee is the primary internal management body responsible for driving CPC’s business objectives and strategic direction in support of our mission.  This Committee works in close collaboration with the Board of Directors to establish organizational priorities and identify ways to expand CPC’s impact in communities.


Rafael E. Cestero

Chief Executive Officer
Chair, Operating Committee

John Cannon

President, CPC Mortgage Company

Sadie McKeown

President
Vice Chair, Operating Committee

Carolyn Au

Executive Vice President
Chief Operating Officer

Richard A. Kumro

Executive Vice President
General Counsel & Secretary

David Rothberg

Executive Vice President
Chief Financial Officer

Stephanie Canzani

Senior Vice President
Technology and Business Infrastructure

Lawrence Hammond

Senior Vice President
Director of ACCESS


Monique Jefferson

Senior Vice President
Chief People Officer

Headshot of Tell Metzger, CPC SVP of Equity Investments
Tell Metzger

Senior Vice President
Equity Investments

Malini Nayar

Senior Vice President
Chief Credit Officer

William C. Russo

Senior Vice President
Chief Investment Officer

Jaime Sharrock

Senior Vice President
Strategic Communications and Community Engagement

Erin Burns-Maine

Chief of Staff
Vice President of Policy and Advocacy


Field Office and Originations Leadership


Nicholas V. Petragnani, Jr.

Senior Vice President
Director of Upstate Revitalization

Andrew D’Agostino

Senior Vice President
Regional Director
Western New York

Milly Deane

Senior Vice President
Regional Director
New York Capital Region

Doug Olcott

Senior Vice President
Regional Director
Hudson Valley, New York

Robert Riggs

Senior Vice President
Regional Director
New York City & Long Island


Board of Directors



Alan Wiener*

CPC Board Chair
Managing Director
Wells Fargo Multi-family Capital

Richard Roberts

CPC Board Vice Chair
Managing Director, Acquisitions
Red Stone Equity Partners, LLC

Bruce A. Beal, Jr.*

President
Related Companies

Eduardo Diaz-Perez

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

Ingrid Gould Ellen

Faculty Director
NYU Furman Center for Real Estate and Urban Policy

Todd A. Gomez

Senior Vice President
Bank of America

Michael Hegarty

Senior Advisor (Ret.)
CCMP Capital Advisors, LLC

Carol M. Joseph

Real Estate/Legal Consultant

Manuel Menendez, Jr.

Senior Vice President – Multifamily Chief Credit Officer (Ret.)

Fannie Mae

Gary Rodney

Managing Director, Affordable Housing Acquisitions & Development
Tishman Speyer

Anders M. Tomson

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

Steven J. Weiss

Partner
Cannon Heyman & Weiss, LLP

*CPC Resources Board Members

Make a career out of making a difference.

Make a career out of making a difference.

Careers at CPC


The SQL DBA & Database Programmer will manage Microsoft SQL Server database systems on an Azure environment in all aspects of the database lifecycle.

This role has a 50% DBA and 50% SQL programming profile. Monitoring day-to-day ETL operations and overall performance of SQL server environment is part of the DBA activities. Writing complex SQL logic, SQL optimization, Stored Procedures and Functions, implementing business context of data is part of the Programmer activities.

For more information, apple here:

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At CPC, we’re seeking an experienced IT Director who can join us on this journey, using his or her technological skills to make us more efficient. In this role, you will analyze our current systems and assets, recommend and implement solutions and upgrades, and provide training. Our ideal candidate has extensive knowledge of network maintenance, experience managing staff, and advanced industry knowledge to keep us on the cutting edge. From day one, you’ll have an immediate impact on the day-to-day efficiency of our IT operations, and an ongoing impact on our overall growth.

For more information, apply here:

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The Diversity, Equity, Inclusion and Belonging (DEIB) Manager will be responsible for implementing the diversity, equity and inclusion strategy for CPC. The DEIB Manager is expected to create DEI programs and policies that are aligned with the strategy. The DEIB Manager will partner closely with CPC senior leaders, operating committee, staff and external consultants to effectively drive and execute the DEI strategy and initiatives that align with CPCs business goals and priorities. This position will report into the Chief People Officer, but will primarily provide guidance and support to the DEIB council and executive sponsors.

For more information, apply here:

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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.