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.
CEO Rafael E. Cestero looks back on CPC’s biggest year yet in his Fiscal Year 2021 Annual Report 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.
CPC Board Chair
Managing Director, Acquisitions
Red Stone Equity Partners, LLC
CPC Board Vice Chair
CEO and President, Chemung Canal Trust Company
President, Capital Bank
Head of Structured Finance
Wells Fargo
Partner
Katten
Managing Director and Global Head of Real Estate and Asset Finance
Credit Suisse
Faculty Director
NYU Furman Center for Real Estate and Urban Policy
Executive Vice President
Beacon Communities
Senior Advisor (Ret.)
CCMP Capital Advisors, LLC
Real Estate/Legal Consultant
Senior Vice President – Multifamily Chief Credit Officer (Ret.)
Fannie Mae
Managing Director, Affordable Housing Acquisitions & Development
Tishman Speyer
Partner
Cannon Heyman & Weiss, LLP
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:
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:
CPC’s Equity Investments group invests CPC’s own capital into affordable, workforce, and transformational housing.
This is a senior-level role, managing all stages of the acquisition and investment process to manage relationships, underwrite assets, think creatively, and assess partnerships. Reporting directly to the SVP of Equity Investments, you will nurture relationships throughout the development community; you will perform and coordinate a detailed investment analysis on prospective investments; you will document and present your investment thesis; and, upon approvals, you will drive the closing process. Sourcing and originations are not a required part of the job, but would be a welcome function.
For more information, apply here:
The role of the Mortgage Analyst is to conduct preliminary review of loan applications, perform due diligence, budget and credit review, and finalize the detailed underwriting necessary for the approval, closing or conversion of loans. To work with the loan’s stakeholders to identify steps necessary for closing or conversion, and to monitor actions undertaken by all parties to ensure progress. The Mortgage Analyst works closely with the Mortgage Officer(s) and Assistant Mortgage Officer(s) and communicates Field Office priorities to the Portfolio Services Division.
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.
