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 Closings Analyst will work alongside CPC’s team of field offices to execute real estate construction closings for projects that support CPC’s mission of transforming underserved neighborhoods into thriving and vibrant communities.
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 Asset Manager will implement the day-to-day risk management activities on the CPC multi-family Agency loan portfolio. This person will identify and mitigate the credit, financial, operational, physical and market risks impacting the properties collateralizing the loans within the portfolio. They will 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 multi-family housing financed by the mortgage loans.
For more information, apply here:
The Portfolio Administrator will administer construction loan advances for a book of loans in connection with affordable housing projects financed by CPC and which support CPC’s mission of transforming underserved neighborhoods into thriving and vibrant communities.
For more information, apply here:
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:
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.
