CPC is a not-for-profit mortgage lender that finances affordable multi-family housing throughout New York. Thanks to financing from member institutions and pension funds, along with cooperation of government, neighborhood organizations and for-profit partners, CPC has financed the construction or rehabilitation of over 143,000 affordable residential units for a combined public and private investment of over $7.9 billion in low, moderate, and middle-income communities since 1974.
CPC offers green financing, refinancing, benchmarking, construction, permanent, and Freddie Mac financing for multi-family rental housing for families, seniors and special needs populations.
CPC is a one stop shop where, in addition to financing, advice on government programs, tax benefits, rent subsidies and other incentives is available. CPC will also coordinate financing with government and other low-interest subsidy providers, review rehab scopes and costs and counsel municipal and county governments and community organizations on revitalization strategies.
CPC Resources, Inc.(CPCR) is a for-profit subsidiary of CPC. Created in 1992, CPCR invests to catalyze development in blossoming neighborhoods. Partnering with local developers, non-profits and community groups on new or renovation projects, CPCR has developed or preserved over 7,000 units of affordable housing, with an additional 500 units in construction and 1,400 units in pre-development to date.
Specialties
mortgage lender, multi-family housing
