Category: Press Releases
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Groundbreaking of New Affordable Housing Complex in Newburgh
74-Unit Independence Square to Provide Both Workforce and Supportive Housing for Families and Individuals with Disabilities Newburgh, NY, June 26, 2014 – State and local officials joined Jonah Mandelbaum, The Community Preservation Corporation, Inc. (CPC), Independent Home Care, Inc., Independent Living, Inc., New York State Homes and Community Renewal (HCR), and the New York State…
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HPD, HDC, NYCHA, CPC Resources, L+M Development Partners, Lemle & Wolff, The New York Housing Partnership, and Partners Celebrate the Groundbreaking of Affordable Family Housing in the Bronx
Soundview Family Housing Will Provide 120 Affordable Units for Low-Income Families Bronx, NY, November 21, 2013 – The New York City Department of Housing Preservation and Development (HPD) and The New York City Housing Development Corporation (HDC) joined CPC Resources, Inc. (CPCR), L+M Development Partners, Lemle & Wolff, The New York Housing Partnership, the New…
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The Community Preservation Corporation Appoints NYS Affordable Housing Industry Leader to its Board
Chairperson and CEO of Grenadier Realty Corp. Felice Michetti elected as newest member of CPC’s board New York, NY, November 19, 2013 – The Community Preservation Corporation (CPC), a leading mortgage lender for multi-family affordable housing, announced today the appointment of Felice Michetti to its Board. An established leader in affordable housing, Ms. Michetti is…
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CPC, Greater Centennial Community Development Corporation, Red Stone Equity Partners, City and State Officials, and Residents Celebrate the Grand Opening of New Affordable Housing in Mt. Vernon
Zion Court Apartments Features 28 Newly Renovated Apartments for Individuals and Families Mount Vernon, NY, October 17, 2013 – The Greater Centennial Community Development Corporation (GCCDC) along with Community Preservation Corporation (CPC), Red Stone Equity Partners, The New York Comptroller’s office, New York Homes and Community Renewal, and residents today celebrated the completion of Zion…
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Kearney Realty, CPC, City and State Officials, Partners, and Residents Celebrate the Grand Opening of Poughkeepsie Commons Veterans Housing Development
71 Affordable Housing Units for Seniors, Homeless, and Disabled Veterans Poughkeepsie, NY, October 11, 2013 – The Community Preservation Corporation (CPC), The Kearney Realty & Development Group, New York State Homes and Community Renewal (HCR), elected officials, and residents today celebrated the completion of Poughkeepsie Commons, a newly constructed 71-unit apartment complex for seniors, homeless,…
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HPD Commissioner Visnauskas, DJ Kool Herc, Bronx Borough President Diaz, Workforce Housing Advisors, And CPC Celebrate Return Of Tenants To 1520 Sedgwick Avenue – The Birthplace Of Hip Hop
City Helped Put the Bronx Building into Responsible Ownership and Finance Rehabilitation Keeping Apartments Affordable to Hundreds of Tenants This Year Marks the 40th Anniversary of First Hip Hop Party Held in the Building’s Recreation Room September 27, 2013, Bronx, NY – NYC Department of Housing Preservation and Development Commissioner (HPD) RuthAnne Visnauskas, Workforce Housing…
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HPD & HCR Join CPCR, CPC, Catholic Charities, and Richman Housing Resources to Celebrate the Grand Opening of New, Energy-Efficient Affordable Housing Apartments in Brooklyn
New $18 Million Catholic Charities Monsignor Anthony J. Barretta Apartments to Provide 64 Units in Ocean Hill Brooklyn, NY, September 26, 2013 – NYC Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas, Senior Vice President & Head of CPC Resources, Inc. Thomas McGrath, Roman Catholic Bishop of Brooklyn Nicholas DiMarzio, Monsignor Alfred LoPinto,…
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Christopher C. Banino Joins The Community Preservation Corporation
IT Leader Will Serve as New Director of Information Technology New York, NY, August 26, 2013 – The Community Preservation Corporation (CPC), a leading non-profit lender for affordable housing throughout New York State, announced today that Christopher C. Banino, former Head of IT – Americas of E.D. & F. Man, Inc., has joined the New…
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CPC Resources, East Brooklyn Congregations, Common Ground, St. Paul Community Baptist Church & Partners Celebrate the Groundbreaking of Energy-Efficient Affordable Senior Housing in Brooklyn Redwood Senior Living to Provide 80 Affordable Rental Units
Brooklyn, NY, June 26, 2013 – CPC Resources, Inc. (CPCR), East Brooklyn Congregations (EBC), Common Ground Community HDFC (Common Ground), St. Paul Community Baptist Church, U.S. Department of Housing and Urban Development (HUD), New York State Homes and Community Renewal (HCR), and partners celebrated today the groundbreaking of Redwood Senior Living in the East New…
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City and State Officials join CPC, The City of Buffalo, CRF, SONYMA, M&T Bank and Signature Development, LLC to Celebrate the Grand Opening of Hotel @ The Lafayette
Historic 367-room Buffalo Hotel Transformed into 115 Newly Developed Apartments Buffalo, NY, June 5, 2013 –The Community Preservation Corporation (CPC), The City of Buffalo, The New York State Common Retirement Fund (CRF), SONYMA, M&T Bank, Evans Bank, National Grid, Foss & Company, Signature Development, LLC and State and City officials gathered today to celebrate the…
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RUPCO Joins With NYS & Local Officials, CPC & HCR in Woodstock to Celebrate the Grand Opening of New Energy Efficient Affordable Housing Complex for Families & Seniors
Newly Constructed Woodstock Commons, Offers 53 State-of-the-Art Units and Is Eligible for LEED Gold Certification Woodstock, NY, May 3, 2013 – Rural Ulster Preservation Company (RUPCO), The Community Preservation Corporation (CPC), New York State Homes and Community Renewal (NYS HCR), Federal Home Loan Bank of New York, Neighborworks, Enterprise Community Partners, Raymond James Tax Credit…
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Michael Skrebutenas Joins The Community Preservation Corporation
NYS Housing and Community Renewal Veteran Will Serve as New Albany Regional Director New York, NY, May 1, 2013 – The Community Preservation Corporation (CPC), a leading non-profit lender for affordable housing throughout New York State, announced today that Michael Skrebutenas, former President of Housing Preservation and Executive Deputy Commissioner at the New York State…
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NY State & Local Officials Join CPC, HCR, CRF, SONYMA, and Jonah Mandelbaum to Celebrate the Grand Opening of New Senior Affordable Housing Development in New Windsor
Newly Constructed Amber Grove Provides 84 Affordable Senior Apartments New Windsor, NY, April 23, 2013 – The Community Preservation Corporation (CPC), New York State Homes and Community Renewal (HCR), The New York State Common Retirement Fund (CRF), SONYMA, Orange County Trust, Riverside Bank, First Sterling Financial Inc., Jonah Mandelbaum, residents, and elected officials today celebrated…
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CPC SECURES $250 MILLION IN FINANCING FROM CITI, HDC, AND HPD FOR AFFORDABLE HOUSING
Financing Represents One of Citi’s Largest One-Time Investments in Affordable Housing March 12, 2013, New York – The Community Preservation Corporation (CPC), a leading mortgage lender for multi-family affordable housing, today announced that it has secured $250 million in financing from Citi for the construction, rehabilitation and preservation of affordable housing in New York. The…
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The Community Preservation Corporation Announces New Director of New York City Originations Team
Robert Riggs, Seasoned CPC NYC Originator, will lead newly consolidated New York City Originations office, formerly Bronx and Brooklyn offices New York, NY, February 5, 2013 – The Community Preservation Corporation (CPC), a leading non-profit lender for affordable housing throughout New York State, announced today that its Bronx and Brooklyn offices are being consolidated into…
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The Community Preservation Corporation Announces New Board Members
Head of Wells Fargo Multifamily Capital Alan Wiener, Related Companies’ President Bruce A. Beal, Jr., and Chemung Canal Trust Company’s President Anders M. Tomson elected as newest members of CPC’s board New York, NY, January 8, 2012 – The Community Preservation Corporation (CPC), a leading non-profit lender for affordable housing throughout New York State, announced…
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Mayor Bloomberg, Community Preservation Corporation and Citi Launch $40 Million Storm Recovery Loan Fund for Multi-Family Residential Buildings
Fund Provides Low-Cost Loans to Restore Multi-family Buildings to Habitability Mayor Michael R. Bloomberg, Director of Housing Recovery Operations Brad Gair, New York City Department of Housing Preservation and Development Commissioner Mathew M. Wambua, New York City Housing Development Corporation President Marc Jahr, The Community Preservation Corporation President and CEO Rafael E. Cestero, and Citi…
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State and Local Officials Join Comptroller DiNapoli, CPC, HUD, HCR, Bluestone Developers, and Apollon Group to Celebrate $7.8 Million Rehabilitation of Green Affordable Housing Complex Cow Bay Apartments
Cow Bay Apartments Features 88 Rehabilitated Affordable Housing Units in Port Washington Port Washington, NY, October 16, 2012 – State and local officials joined New York State Comptroller Thomas P. DiNapoli, the U.S. Department of Housing and Urban Development (HUD), The Community Preservation Corporation (CPC), New York State Homes and Community Renewal (HCR), Bluestone Developers,…
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CPC Partners, CDC of Long Island & Conifer Realty Host Groundbreaking Ceremony For Cathedral Place Apartments in New Cassel, NY
Celebration of Development of 36 Units of Rental Housing supported by Long Island Regional Economic Development Council CENTEREACH, NY (October 12, 2012) – Community Development Corporation of Long Island (CDCLI) and partner Conifer Realty, LLC today joined with the Long Island Regional Economic Development Council to host a groundbreaking ceremony for Cathedral Place Apartments –…
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HPD, CPC Resources, East Brooklyn Congregations, SONYMA, and PNC Bank, N.A., Celebrate the Grand Opening of $15.3 Million, 48-Unit New Affordable Housing in Brooklyn
Madison Putnam Will Provide 48 Low-Income Bedford-Stuyvesant Families with New Affordable Homes Brooklyn, NY, July 12, 2012 – The New York City Department of Housing Preservation and Development (HPD), CPC Resources, Inc. (CPCR), East Brooklyn Congregations (EBC), residents and partners, celebrated today the completion of Madison Putnam, a new 48-unit affordable housing development for low-income…
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The Community Preservation Corporation Announces Changes to its Executive Team
Miriam Kulnis Appointed Chief Risk Officer, Sadie McKeown Promoted to Chief Operating Officer, Kevin Moran Expands Role as Chief Financial Officer and Jaime Sharrock Joins as Chief of Staff New York, NY, April 26, 2012 – The Community Preservation Corporation (CPC), a leading non-profit lender for affordable housing throughout New York State, announced today the…
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State and Local Officials Join Hudson River Housing, Kearney Realty & Development Group, and CPC to Celebrate Grand Opening of New Affordable Housing Community in Poughkeepsie
Pendell Commons Features 73 Newly Constructed Affordable Housing Rental Units for Seniors and Families Poughkeepsie, NY, April 24, 2012 – State and local officials joined Kearney Realty & Development Group, Hudson River Housing (HRH), and The Community Preservation Corporation (CPC) today to celebrate the completion of Pendell Commons, a new 73-unit affordable housing community for…
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CPC Extends Credit Facility To Enable New Lending To Create Or Preserve Nearly 5,000 Units Of Affordable Housing Across NY State
This facility will allow for up to $70M in lending over the next two years and enable CPC to leverage approximately $225M in construction loans and $300M in permanent loans Bronx and Syracuse Projects Unveiled New York, March 8, 2012 – The Community Preservation Corporation (CPC) has extended its credit facility from its member institutions. …
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Rafael E. Cestero Named President & CEO of The Community Preservation Corporation
Career Leader in Affordable Housing in Both Public and Private Sectors Will Succeed Michael Lappin Rafael E. Cestero, former Commissioner of the New York City Department of Housing Preservation and Development, has been named by the Community Preservation Corporation (CPC) Board of Directors to serve as President and CEO of the non-profit organization and its…