The New York City Housing Authority (NYCHA) is New York City’s largest landlord,…


The Community Preservation Corporation (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. The group of commercial banks that founded CPC to invest in the preservation of rental housing stock in stable, working-class neighborhoods designed its lending to stem the broader tide of neighborhood decline in the city. CPC initially focused on Crown Heights in Brooklyn and Washington Heights in Manhattan, communities seen as at risk for the kind of abandonment that already troubled adjacent neighborhoods.