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.


Small buildings are the foundation of communities across New York State, and serve…


CPC’s Central New York office closed its first loan in 1993, and over time, has financed key revitalization projects in communities from Massena and Alma to Syracuse, investing a total of $800 million and creating and preserving nearly 17,000 units.


Owning and developing real estate is entrepreneurial and some level of risk comes…


This building was in poor physical condition and relied on outdated heating and distribution systems.


This multifamily building boasts ultra-low energy use because it’s built to Passive House…