The Community Preservation Corporation (CPC)

The Community Preservation Corporation (CPC) CPC offers capital products for multifamily construction, acquisition, refinance, and rehab.

CPC is a nonprofit affordable housing and community revitalization finance company that transforms underserved neighborhoods into thriving, vibrant communities.

CPC is proud to close a $2.9M Freddie Mac (TAH) Forward loan to support the refinance of The William Schma House, a 48-u...
08/19/2026

CPC is proud to close a $2.9M Freddie Mac (TAH) Forward loan to support the refinance of The William Schma House, a 48-unit permanent supportive housing community in the Edison Neighborhood of Kalamazoo, Michigan.

This transformative project will provide stable, affordable housing and recovery-focused support services for individuals and families working to rebuild their lives. Developed by Edison Community Partners in collaboration with Integrated Services of Kalamazoo and the Kalamazoo County Problem-Solving Courts, the development will offer housing paired with on-site services designed to promote long-term stability and success.

We are grateful to our partners for their vision, collaboration, and commitment to expanding housing opportunities that strengthen communities and change lives. Congratulations to all involved!

We’re hiring at CPC! The Community Preservation Corporation is growing, and we’re looking for mission‑driven talent to j...
08/16/2026

We’re hiring at CPC!

The Community Preservation Corporation is growing, and we’re looking for mission‑driven talent to join us across our various teams.

For more than 50 years, CPC has been a leader in addressing disinvestment, expanding affordable housing, and strengthening communities. As the largest CDFI solely dedicated to multifamily housing, we’ve invested over $16 billion to create and preserve more than 247,000 homes across New York and beyond—and we’re just getting started.

Explore open roles and help us build the future of affordable, resilient housing: https://hubs.la/Q04t5FZm0

We're excited to share that CPC Mortgage Company's Andrew Pettit, Senior Manager of Agency Production, will be joining i...
08/12/2026

We're excited to share that CPC Mortgage Company's Andrew Pettit, Senior Manager of Agency Production, will be joining industry leaders from National Equity Fund for the upcoming webinar, "Capital Diversification Strategies: Enhancing Yield and Certainty in Affordable Housing Investments," on October 8th, 2026.

Andrew will share insights on leveraging Agency debt and permanent lending solutions to strengthen affordable housing capital stacks, support recapitalizations, and deliver successful outcomes from application through closing.

Register today and join the conversation on innovative financing strategies for affordable housing investments: https://hubs.la/Q04sPR6F0

We’ll see you there!

08/12/2026

A major investment in affordable housing preservation in Michigan!

CPC Mortgage Company recently structured a $42.1 million financing package to support the rehabilitation of Parkside Estates and Demby Terraces, preserving all 315 affordable homes and enhancing quality of life for residents.

Read the full story: https://hubs.la/Q04sPvgy0

We're thrilled to share that The Rise has been selected as a finalist for the Affordable Housing Finance Readers' Choice...
08/11/2026

We're thrilled to share that The Rise has been selected as a finalist for the Affordable Housing Finance Readers' Choice Awards!

CPC is proud to be part of this transformative development in Brownsville, Brooklyn, alongside our partners at Xenolith Partners, United for Brownsville, and the Women's Prison Association - WPA.

As a mission-driven lender, CPC is honored to help finance projects like The Rise that expand access to high-quality, affordable housing in communities that have long faced disinvestment. The development delivers 72 affordable homes, including 47 units of permanent supportive housing, ensuring that residents have both stable housing and access to the resources they need to succeed.

With trauma-informed design, mental health services, workforce development programs, and a future rooftop urban farm, The Rise was created to be a place of opportunity and belonging.

We're honored to see this project recognized and would love your support. If you're an Affordable Housing Finance subscriber, please consider voting for The Rise in the Readers' Choice Awards and help spread the word by sharing this post with your network.

Read more about The Rise and vote here: https://hubs.la/Q04szw6J0

Central New York is growing, and so is its need for housing. That's why CPC is administering the $150M Housing Central N...
08/06/2026

Central New York is growing, and so is its need for housing. That's why CPC is administering the $150M Housing Central New York (HCNY) Fund.

HCNY is designed to help developers advance mixed-income rental housing and attainable homeownership projects across Cayuga, Cortland, Madison, Onondaga, Oswego, and Oneida counties.

By providing 6% subordinate debt financing, HCNY helps bridge funding gaps created by rising construction and capital costs and keeps projects moving forward.

Applications for funding requests are now open! Learn more and apply: https://hubs.la/Q04s9qJz0

We're proud to support the closing of a transformative mixed-use, transit-oriented development that will bring 296 mixed...
08/05/2026

We're proud to support the closing of a transformative mixed-use, transit-oriented development that will bring 296 mixed-income homes, neighborhood retail, and publicly accessible open space to White Plains, NY. CPC's Building Innovation team provided $10M in financing to help advance this shovel-ready project and accelerate the delivery of much-needed housing in Westchester County.

Located directly across from the North White Plains Metro-North Station, the all-electric development will expand housing opportunities for residents across a range of income levels while creating a more connected, sustainable, and vibrant community.

Thank you to our partners at New York State Homes & Community Renewal, BRP Companies, Merchants Capital, Basis Investment Group, and everyone who helped bring this exciting project to life!

Read more: https://hubs.la/Q04r_szd0

Explore CPC’s latest case study, highlighting early results from the Climate Friendly Homes Fund (CFHF). Since 2022, CPC...
07/31/2026

Explore CPC’s latest case study, highlighting early results from the Climate Friendly Homes Fund (CFHF).

Since 2022, CPC has administered the fund launched by New York State Homes & Community Renewal, helping small multifamily building owners transition to high-performance, all-electric systems that improve energy efficiency and resilience.

The case study features a three-building affordable housing complex in the Hudson Valley, where outdated HVAC and hot water systems were replaced with efficient electric alternatives. With the project now fully operational, the report provides a first look at one year of performance data—showcasing real-world benefits of decarbonization investments.

We're proud to support sustainable, resilient housing across New York State.

Read the case study: https://hubs.la/Q04rvp1X0

Thank you to all who came out to our CPC ACCESS Developer Resource Summit! It was a great afternoon of conversation, le...
07/29/2026

Thank you to all who came out to our CPC ACCESS Developer Resource Summit!

It was a great afternoon of conversation, learning, and connection as developers and industry partners from across the Capital Region and Hudson Valley came together to share ideas and explore resources supporting affordable housing and community development.

A special thank you to our speakers and partners for sharing valuable insights on financing strategies, municipal programs, and real-world development experiences.

Learn more about CPC ACCESS: https://hubs.la/Q04r83YM0

A group of CPC team members, including our summer interns, had the exciting opportunity to tour Willets Point, one of th...
07/27/2026

A group of CPC team members, including our summer interns, had the exciting opportunity to tour Willets Point, one of the most transformative 100% affordable housing developments underway in New York City.

We walked through the new, spacious buildings, toured one of the 880 residential units currently completed, and explored the amenities designed to support residents, including community spaces, fitness and recreation areas, and expansive outdoor gathering spaces. It was inspiring to see firsthand how this project is bringing high-quality, affordable housing and new opportunities to Queens.

We were also thrilled to get a behind-the-scenes look at the future Etihad Park, New York City’s first soccer-specific stadium and a key part of the broader vision for Willets Point.

With plans for 2,500 affordable homes, new open space, a public school, thousands of jobs, and significant economic investment, Willets Point is a powerful example of how public-private partnerships can transform communities and create lasting impact.

Thank you to the Queens Development Group (QDG) team for the insightful tour and for sharing this remarkable vision with us!

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New York, NY

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Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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+12128695300

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