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.
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.
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.
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.
President & CEO Rafael E. Cestero reflects on a year unlike any other in his Fiscal Year 2020 President’s Message.
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.
Executive Vice President
Construction Lending & Initiatives
Vice Chair, Operating Committee
President
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The Digital Content & Strategy Specialist will conceptualize, design and produce content for a wide variety of digital and print assets to promote CPC’s lending and equity investing activities, the company’s impact in communities, and our role as a thought leader in the affordable and multifamily housing industries. This person will expand CPC’s brand identity and online presence through the creation and dissemination of digital content across the company’s internal and external social media, websites and email marketing platforms. They will create and monitor all paid digital media and advertising campaigns, as well as manage all corporate websites and work with internal and external partners to ensure continually updated content and a seamless user experience.
For more information, apply here:
The Recruiter will drive recruitment – from sourcing to offers – for a variety of positions at all levels across the business and maintain reports on the recruitment life cycle. This person will participate in various Human Resources departmental projects, as necessary.
For more information, apply here:
The Loan Processor will provide loan processing support to the department. This person will work with Mortgage Officers, Analysts, Underwriters, and/or Freddie Mac/Fannie Mae and Originations team on preliminary setup of loan applications and loan packages for submission to FHA, Freddie Mac and/or Fannie Mae.
For more information, apply here:
The Associate, Research and Project Management will manage and participate in multiple projects across the company in support of reporting and content creation for the Office of the CEO and External Affairs. This person will perform research and prepare analysis, reports, presentations, and white papers in support of business decisions and initiatives. They will perform analysis of industry-relevant research and datasets and synthesize information into reports for executive leadership.
For more information, apply here:
The Corporate Accountant, under close to moderate supervision, will work with other Finance and Accounting staff in the preparation of financial statements, supporting financial analyses, investor reporting, and tax returns for the organization and its subsidiaries.
For more information, apply here:
The Financial Planning and Analysis and Business Analytics 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. Responsibilities will include developing complex business models (both long and short-term projections) and communicating key findings to the executive management team. In addition to the above, 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:
The Portfolio Manager will work alongside CPC’s team of field offices to execute closings in connection with CPC’s permanent loan products for projects that support CPC’s mission of transforming underserved neighborhoods into thriving and vibrant communities.
For more information, apply here:
The Closings Processor will provide loan closing assistance for all Agency 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.
