The Community Preservation Corporation Adds Three Industry Leaders To Its Board of Directors

Louise Carroll, Nicole Ferreira, Peter Cannava bring a diverse portfolio of expertise to CPC’s governance

Richard Roberts named new Board Chair to lead CPC’s Board of Directors

New York, March 15, 2023 – The Community Preservation Corporation (CPC), a leading not-for-profit multifamily finance company, announced the appointments of Louise Carroll, Nicole Ferreira, and Peter Cannava to its board of directors. The company also announced that current board member, Richard Roberts, Principal, Chief Business Development Officer at Red Stone Equity Partners LLC, has been named as CPC’s new board chair. The new appointments replace outgoing board members Alan Weiner, Managing Director of Wells Fargo Multifamily Capital; Todd Gomez, Senior Vice President and Market Executive, Bank of America; and Bruce A. Beal, Jr., President, Related Companies. Weiner, the outgoing board chair, has served on the CPC board since 2012, with Gomez serving since 2009, and Beal since 2012.

“We are thrilled to welcome Louise, Nicole, and Peter to the CPC Board of Directors. In addition to bringing a diverse set of expertise and knowledge to the board, they all share our deep commitment to creating more equitable, affordable and sustainable communities,” said Rafael E. Cestero, CEO of The Community Preservation Corporation. “I’m also honored that Richard Roberts has agreed to take on the role of board chair. Over the past eight years he has pushed us to think creatively about our growth and the expansion of our mission and impact.”

“It’s an honor to have the opportunity to lead CPC’s board of directors, and I’m looking forward to working with Nicole, Peter, and Louise,” said Richard Roberts. “CPC has long played a pivotal role in the revitalization of neighborhoods throughout New York, and I look forward to working with Rafael and his team as they continue to expand their mission-focused work to new communities across the country.”

Said Cestero, “I want to thank Alan, Todd, and Bruce for their years of service to CPC. Their willingness to leverage their experience and bring an environment of rigor and thoughtfulness to the governance of the company has been valuable beyond belief. Their work and dedication helped guide us through one of the most challenging periods in CPC’s history, and put us on a path to achieve the expansion and diversification of our business and the growth of our impact, which continues to this day.”

Louise Carroll is a partner at Katten in the law firm’s real estate practice, focusing on issues of affordable housing, community development, public finance, and government relations. Prior to joining Katten, she served for nearly 15 years at the NYC Department of Housing Preservation and Development (HPD), working to create and preserve affordable housing across New York City. Appointed as HPD Commissioner and chair of the NYC Housing Development Corporation (HDC) by former Mayor Bill de Blasio in May 2019, Carroll managed over $1 billion in city and federal funds to finance one of the most significant and complex affordable housing plans in the country. Prior to her appointment as HPD commissioner, Carroll served as general counsel and senior vice president for HDC, the nation’s largest municipal Housing Finance Agency which is charged with helping to finance the creation or preservation of affordable housing for New Yorkers.

“Creating and preserving affordable and sustainable housing is one of the most pressing issues facing communities today”, said Louise Carroll “I am immensely honored to join the Community Preservation Corporation’s board to further support CPC’s long history and deep commitment to addressing these challenges by working to create more equitable, affordable and sustainable communities.

Nicole Ferreira is Executive Vice President of Development at Beacon Communities LLC, and oversees its development of affordable housing throughout New York State. Ferreira most recently served as Senior Vice President of Multifamily Finance and Development at the New York State Homes and Community Renewal (HCR). Before joining HCR, Ferreira served as the New York City Housing Authority’s (NYCHA) Executive Vice President for Real Estate Development, where she closed one of the largest public housing revitalization transactions in the country, and led the team responsible for creating the 10-year strategic plan to repair NYCHA’s aging building stock and stabilize the agency’s finances. Ferreira is a member of the Association of Latino Professionals for America (ALPFA) and is an adjunct professor at the Pratt Institute’s Graduate School of Real Estate in Brooklyn, NY.

“I am proud to join the Community Preservation Corporation’s board of directors and am excited to support CPC’s ongoing impact in communities,” said Nicole Ferreira. “As a new Director, I am committed to working closely with my fellow directors and the CPC leadership team to advocate for the creation and preservation of safe and affordable housing and sustainable communities throughout New York State and beyond.”

Peter Cannava is Managing Director, Head of Multifamily Capital at Wells Fargo Corporate and Investment Banking. He began in the municipal finance industry in 2002 and joined Wells Fargo Securities in May 2009 after almost ten years with Bank of America in their Public Finance Group. As a member of Wells Fargo’s Public Finance department, Cannava has covered some of the larger and more complex municipal issuers in the industry, including New York City Housing Development Corporation, New York State Housing Finance Agency, New Jersey Housing & Mortgage Finance Agency, Pennsylvania Housing Finance Agency, Connecticut Housing Finance Agency, among others. His expertise includes creative bond structuring, innovative ideas utilizing derivatives, credit analysis, and has investment banking experience in numerous financing disciplines.

“Thanks to decades of critical investments in communities across New York and beyond, the Community Preservation Corporation has established itself as one of the nation’s preeminent facilitators of the building and preservation of affordable and workforce housing,” said Peter Cannava. “I am excited to join the Corporation’s board of directors to continue the tradition of creating innovative solutions to some of our most pressing challenges facing communities.”

About The Community Preservation Corporation (CPC)

CPC is a diversified, nonprofit multifamily finance company that was founded in 1974 to provide financial and technical resources to stabilize and revitalize underserved communities. Today, CPC uses its unique expertise in housing finance and public policy to expand access to affordable and workforce housing, advance diversity and equity within the development industry, and expand investment in the green economy and lessen the impact of climate change. Since its founding, CPC has invested over $14 billion to finance the creation and preservation of more than 225,000 units of housing. The company provides a suite of construction and permanent products including Freddie Mac, Fannie Mae and FHA mortgages, and is an equity investor with approximately 4,200 affordable units under ownership. CPC is a carbon-neutral company and has been rated AA- by S&P. Visit CPC at , and on FacebookTwitter and LinkedIn.