03/25/21

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.

03/25/21

In keeping with its expertise in maximizing housing investments
through public-private partnerships, CPC has
long worked with the New York State Office for
People with Developmental Disabilities (OPDD)
and Office of Mental Health (OMH) to finance
this much-needed housing type. CPC has
invested $130 million of its own capital alongside
$40 million in public dollars to create or preserve
nearly 1,500 supportive units across the state
over a 15-year period.

03/25/21

Since 1974, CPC’s creative housing finance solutions have supported critical projects in neighborhoods…

04/1/19

Since 1974, CPC’s creative housing finance solutions have supported critical projects in neighborhoods…

07/19/18

The owner of this newly constructed property installed high-efficiency Variable Refrigerant Flow (VRF)…

07/18/18

This complex provides supportive services for residents with developmental and physical disabilities. Each…

07/18/18

This building was in poor physical condition and relied on outdated heating and distribution systems.

07/18/18

This complex was overdue for upgrades – individual gas furnaces, hot water heaters, and lighting fixtures were original to the buildings’ 1950s construction, and a lack of gutters was causing moisture problems in all buildings.

07/18/18

This historic building underwent a substantial rehabilitation, which included replacement of the electric baseboard heating system with a new, efficient ground source heat pump system, among other major upgrades.

07/18/18

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