During a record-breaking Fiscal Year 2021 (FY 21), CPC deployed roughly $937 million in capital to support impactful housing and community development projects across our construction, permanent, and Agency lending and investing platforms. Each loan and investment tells a story of the housing that is built, the small BIPOC developer who is able to grow their business or the tenants who have safe, affordable housing. They reflect CPC’s deep commitment to our mission and our transformative impact within communities and on people’s lives.
This was a year when states and municipalities continued to grapple with the fallout of the pandemic, and the impact of severe weather events on housing and other infrastructure. Underserved communities, particularly those of color, often suffer far deeper impacts during times of crisis.
In response to these issues, CPC refocused our unique expertise in housing finance and public policy to help expand access to affordable housing and drive down the costs of housing production, advance diversity and equity within the development industry and mitigate the effects of climate change in our communities by financing sustainable housing.