THE CPC WAY / Sustainability

A Strong Start for Sustainability in 2021

By Rafael E. Cestero, Chief Executive Officer

Sustainability is a pillar of CPC’s belief that housing is the foundation of thriving and vibrant communities. Energy efficient construction and retrofits play a key role in ensuring the long-term economic stability of multifamily properties, which is critical to the preservation of affordability in our communities. Green, low- or zero-carbon buildings cut down on energy consumption, have smaller carbon footprints and provide a host of long-term benefits for owners, residents and communities.

So far, 2021 has been an exciting year for sustainability. CPC has engaged locally and nationally in a number of events. Led by our Executive Vice President Sadie McKeown, our Manager of Sustainability Programs Atalia Howe, and Danielle Donnelly, our Sustainability Associate, we held a three-day virtual summit, participated in the rollout of a national database of clean energy economy policy ideas, and joined our partners at the Building Energy Exchange on their most recent podcast.

CPC started its sustainability efforts in 2008 as a practical measure, in the midst of the Great Recession, as a means to help our borrowers realize the savings they could add to their bottom line through improving the energy efficiency of their properties. Today, we are a carbon neutral company with a comprehensive sustainability practice that provides financial, educational and data-driven resources to our borrowers and the industry – leading from the front and helping to drive the built environment towards decarbonization.

CPC Carbon Neutral Summit

Advancing our efforts to support and promote decarbonization in multifamily housing, CPC partnered with NYSERDA to host a virtual series of events focused on energy efficiency in lending and featuring industry pioneers from the public and private sector.

We opened the summit with an inspiring presentation from Dr. Jonathan Foley, Executive Director of Project Drawdown, about the scope of carbon emissions and the opportunity to drive change. Attendees went on to hear about ongoing efforts and resources from our government partners across several agencies at the city and state level, and enjoyed an engaging panel of developers of low carbon buildings, sharing firsthand experiences. Our own sustainability team presented CPC's Financing High-Performance: A Guide to Optimizing Energy Performance Across the Multifamily Building Lifecycle and we closed the Summit with an informative keynote from New York Department of Housing and Community Renewal Commissioner RuthAnne Visnauskas.

Thank you to all who joined. If you missed the summit, I invite you to view the presentations and slides on our website.

Launch of The CLEEN Project Database

CPC was proud to participate in the launch of The Clean Economy Employment Now (CLEEN) Project database, our nation's first cooperative database of actionable ideas to combat climate change, create jobs and advance climate justice—what Bloomberg News called “a to-do list for the White House.”

We’re proud to have joined an amazing group of former government leaders, executives, entrepreneurs and think tanks to help submit the first group of proposals for the database. CPC’s policy proposals focused on decarbonizing the current building stock and promoting financing pathways and new federal programs to support decarbonization measures in new construction and retrofit projects for affordable multifamily housing.

View the database here, and press release on The CLEEN Project launch here.

Radio BE-Ex Podcast Episode: Financing Deep Retrofits at Scale

Sadie McKeown was the featured guest on the Building Energy Exchange podcast, where she discussed the benefits and lessons learned around multifamily retrofits, the growth and resources we’ve created as part of CPC’s sustainability platform, and how the finance and sustainability sectors can and should come together to advance the movement toward a decarbonized built environment.

By Rafael E. Cestero, Chief Executive Officer
Rafael E. Cestero is the Chief Executive Officer of the Community Preservation Corporation (CPC), and a member of its board of directors.


Next Up

Op-Ed: We need to lay the foundation for meaningful housing policy change
By Rafael E. Cestero about Housing Policy and Legislation