The CPC Executive Vice President and Head of Construction Lending and Initiatives was Confirmed by the New York State Senate
New York City, NY – June 15, 2021 – Sadie McKeown, Executive Vice President and Head of Construction Lending and Initiatives at The Community Preservation Corporation (CPC), was nominated by Governor Andrew M. Cuomo to serve on the boards for the New York Housing Financing Agency (HFA) and New York State Energy Research and Development Authority (NYSERDA). Her appointment was confirmed by the New York State Senate.
Sadie has served CPC for nearly three decades, and currently leads the company’s construction lending activities, including the operation of its six regional field offices located throughout New York State. She also oversees numerous CPC initiatives, including its innovative sustainability practice, the ACCESS fund to strengthen and support BIPOC developers and real estate entrepreneurs, and CPC’s partnership with New York State in providing COVID relief funding to small multifamily building owners.
These appointments are a continuation and recognition of the work that CPC, under Sadie’s guidance has accomplished, as the HFA works to finance low- and moderate-income rental housing, while NYSERDA promotes energy efficiency and the use of renewable energy sources. Helping the State achieve its climate change goals of decarbonizing the built environment, particularly in disadvantaged communities, through aligning these efforts with the creation of sustainable affordable housing, is a critical part of CPC’s mission as a nonprofit housing finance company.
“This is a validation of the work CPC has done to advance the causes of housing affordability and sustainability. I am honored to be able to participate on both the HFA and NYSERDA boards at a time where climate and affordability collide, to ensure that our most vulnerable communities don’t get left behind as we transition to a clean energy economy,” said McKeown. “This is a great opportunity to bring up disadvantaged communities which will create jobs and provide higher quality housing for everyone. My thanks to the Governor and State Legislature for their trust and support.”
Throughout her career, Sadie has been an outspoken advocate in moving the real estate industry and built environment towards carbon neutrality. With her guidance, CPC created its innovative “underwriting efficiency” financing method that incorporates the potential savings from energy and water efficiency measures into the financing of first mortgages for multifamily buildings, leading to the financing of more than 8,620 sustainable units since fiscal year 2015. Most recently, Sadie led CPC’s partnership with the New York City Department of Housing Preservation and Development (HPD) and private partners on a Passive House study that aimed to demystify the economics and environmental benefits of Passive House.
“Sadie’s work at CPC speaks volumes about her commitment and understanding of how the sustainability of our housing stock is linked to affordability, and how that impacts the health and resiliency of our communities,” said Rafael E. Cestero, President and CEO of CPC. “Sadie is the most thoughtful and passionate advocate for the work we do in communities. I have absolutely no doubt that her creativity and leadership will be an asset to both the HFA and NYSERDA boards.”
Additionally, Sadie sits on the boards of the New York City Energy Efficiency Corporation (NYCEEC), as well as on the New York State Climate Action Council’s Energy Efficiency and Housing Advisory Panel and the NYSERDA Technical Advisory Group for the Electrification Roadmap.
# # #
About The Community Preservation Corporation (CPC)
Established in 1974, CPC is a nonprofit affordable housing and community revitalization finance company that believes housing is central to transforming underserved neighborhoods into thriving and vibrant communities. The company, which currently carries a AA- issuer rating from S&P Global, provides a full suite of capital products through its construction lending, Agency lending, and equity investing platforms. Since its inception, CPC has provided over $12 billion to finance more than 200,000 units of housing, and is currently one of the largest Community Development Financial Institutions in the country dedicated to investing in multifamily housing. Visit CPC at communityp.com, and on Facebook, Twitter and LinkedIn.