The Community Preservation Corporation (CPC)

06/05/2026

Welcome to our Summer 2026 intern cohort! ☀️

This summer, our 11 interns are diving in across teams, getting hands-on experience and a closer look at the affordable housing finance world.

It’s been great to already see their curiosity in action. We kicked things off this week with a site visit to Wise Towers, part of CPC’s broader NYCHA PACT portfolio. Interns toured units, common spaces, and completed upgrades—getting a firsthand look at how CPC’s work translates into meaningful impact.

Here’s to a summer of new experiences, new perspectives, and new energy as we continue our work to support and strengthen communities!

06/04/2026

ICYMI: CPC ACCESS launched THINK BIG, our new training series designed to equip owners and developers with the fundamentals of property and asset management.

Modeled after our THINK BIG Resource Guide, (found here: https://hubs.la/Q04k8b1B0) the training series brings the guide to life in an interactive learning experience.

These virtual sessions run for 15-weeks, providing practical tools to:

• Strengthen asset and portfolio management strategies
• Improve property performance
• Conduct portfolio analyses to uncover financing opportunities
• Support maintenance and operational planning
• Identify opportunities for long-term growth and capital gains

This pilot series was spearheaded by the CPC ACCESS team, and is facilitated by our partners Marcus Brooks and Jeffrey Ferguson at Let's Brainstorm.

The cohort is off to a strong start—stay tuned for more!

06/03/2026

We were thrilled to celebrate the ribbon cutting at 204 Avenue A! A once-abandoned site, the property now offers 10 income-restricted apartments for purchase, as well as a vibrant commercial space.

Former tenants will be given the first opportunity to purchase the co-op units in the newly constructed building, allowing them to remain in their coveted neighborhood. This homeownership opportunity would not have been possible without our partners at NYC Department of Housing Preservation & Development (HPD).

CPC was proud to provide a $3M construction loan for this development.

Congratulations to all who helped make this possible!

06/02/2026

For decades, the U.S. has built too few homes to meet demand—and the consequences are evident in cities across the country. High housing costs are locking families out of ownership, widening generational inequality, and limiting economic mobility.

There’s a proven solution: build more housing. Cities that allow zoning reform and streamlined permitting are seeing more stability, and in some cases, lower housing costs.

Explore the data on the NYT:

Basic economic principles point to the solution for the housing affordability crisis.

06/01/2026

CPC was proud to be part of an insightful panel discussion at the American Bar Association's Forum on Affordable Housing & Community Development Law.

The panel, “Leading Through Uncertainty: The CDFI Counsel Perspective,” brought together a dynamic group of legal experts from across the field to explore how CDFI counsel are navigating increasingly complex roles.

We’re grateful to CPC Senior Vice President, General Counsel, Andrea Gladstone for representing CPC in this important conversation and for sharing her expertise and leadership on behalf of our organization. Her insights highlighted the critical role legal counsel play in advancing mission-driven finance, even in times of uncertainty.

Thank you to all the panelists and participants for a meaningful and forward-looking discussion!

05/30/2026

We’re excited to share that CPC’s Bennett Hilley will be presenting at the Northeast Energy Efficiency Partnerships (NEEP) Summit 2026 on June 3rd at 11am!

Bennett will join industry leaders for “Braids, Stacks & Staying Power: Funding Multifamily Retrofits,” a case study session exploring how developers and lenders are navigating today’s evolving financing landscape to keep critical efficiency projects moving forward.

As federal funding shifts, conversations like this are critical, highlighting practical strategies to align resources, close gaps, and deliver impactful retrofit solutions.

If you’re attending, don’t miss this important discussion!

Register here: https://hubs.la/Q04jqS3w0

05/29/2026

We’re looking forward to bringing together the region’s affordable housing and development leaders for the CPC ACCESS Developer Resource Summit!

Join us on Wednesday, July 15, 2026 at the Hyatt Place in Poughkeepsie for a dynamic afternoon of collaboration and connection.

This summit will convene developers, owners/operators, and key partners from across the Capital and Hudson Valley regions to explore the tools, capital solutions, and resources shaping today’s development landscape.

🔹Hear from industry leaders and partners including CPC, New York State Homes & Community Renewal, Kearney Realty & Development Group, Albany County Land Bank Corporation, and many more
🔹Dive into timely discussions on financing strategies, municipal programs, and real-world developer experiences
🔹Stay for a networking reception with light refreshments following the program

Whether you're advancing new projects or navigating operational challenges, this is a great opportunity to network, learn, and grow.

👉 Register now: https://hubs.la/Q04jpb6f0

We look forward to seeing you there!

05/28/2026

We’re proud to share that CPC has been recognized as a Better Buildings & Better Plants Initiative Financial Ally Goal Achiever by the U.S. Department of Energy—a distinction that highlights leaders in efficiency across sectors.

This recognition reflects our ongoing commitment to advancing resilient housing solutions. Congratulations to Lindsay Robbins for representing CPC and accepting the award, and thank you to all who are helping drive this work forward!

05/27/2026

ICYMI: The Mamdani Administration released its first housing plan yesterday!

CPC is encouraged to see Mayor Mamdani’s dedication to housing affordability reflected in Block by Block, the Administration’s housing plan, which proposes to deliver a $22B investment in housing over the next five years via a suite of new tools and resources which will enable the City to build and preserve 400,000 affordable homes.

We thank the Mayor, Deputy Mayor Bozorg, and Commissioner Levy for their unwavering commitment to housing, and as our CEO Rafael E. Cestero said, "CPC stands ready to partner with the Administration to implement this ambitious vision for the future of our city’s housing."

Read more: https://hubs.la/Q04j5f570

05/27/2026

For over 50 years, CPC has been committed to preserving and reinvesting in the buildings and communities that define New York. Founded in 1974 at a time when entire neighborhoods were being written off, CPC stepped in with a new model and a deep belief that these communities were worth saving: bringing together private capital and public purpose to stabilize housing and restore opportunity.

We’re proud to share this video, created in partnership with the Preservation League of New York State, which brings that history to life through the voices of our CEO Rafael E. Cestero, Board Members Ingrid Gould Ellen and Richard Roberts, and cherished collaborators Matthew Paulus of Paulus Development and Samantha Magistro of Bronx Pro Group, LLC. Together, they reflect on the power of preservation—not just to protect buildings, but to strengthen neighborhoods, support residents, and create pathways to more equitable communities.

Our sincere thanks to the Preservation League for honoring CPC as a Pillar of NY and for your leadership in advancing preservation across New York. And thank you our partners for lending your time and insights to help tell this story.

We’re grateful to be part of this work.

Video Credit: Matt Peters