CPC will simultaneously commit to a construction loan and a long-term permanent mortgage, which can be committed up to 24 months in advance. This includes lending for the acquisition/refinancing and rehabilitation of multifamily-occupied properties, gut renovation of vacant buildings into multifamily properties, and new construction of multi- and single-family properties.
CPC Mortgage Company is a first-of-its-kind cooperative of impact-driven, nonprofit mortgage lenders and investors. This innovative model leverages the unique expertise of its cooperative owners, with the shared goal of bringing flexible capital to communities to expand and preserve affordable and workforce housing.
CPC’s Equity Investment platform provides mission-driven investments into the preservation and creation of high quality housing at affordable and workforce rents. We invest —into properties, portfolios, platforms, and funds —alongside both established and emerging teams who are committed to preserving and extending affordability, protecting our environment, stabilizing and revitalizing communities, meeting the needs of underserved populations, reducing the equity gap, and responding to the shamefully long history of racial injustice.
CPC’s sustainability initiative promotes energy and water conservation measures to improve the financial and physical quality of the buildings and communities in which we live and work. Since launching our energy efficiency and decarbonization efforts, CPC has financed hundreds of energy-efficient, multifamily projects and is committed to supporting the development of high-performance affordable housing.
ACCESS is a multi-million dollar initiative created by CPC that provides financial resources, capacity-building opportunities, and technical assistance to entrepreneurs of color who have historically faced barriers to entry in the real estate development market, with the goal of promoting and enabling greater racial diversity, equity, and inclusion in the industry.