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Fund acquires first property as part of new neighborhood preservation effort
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The properties contain 1,035 apartments The New York City Department of Housing Preservation and Development (HPD) Commissioner Louise Carroll, Settlement
Debt & Equity
$40M CPC loan will prevent rent hikes at Cathedral Parkway
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The Community Preservation Corporation, Inc. (CPC) announced today the closing of a $40 million loan with funding through Freddie Mac to refinance Cathedral
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CPC bridging money gap for small multifamily building owners
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The Community Preservation Corporation, Inc. (CPC), a not-for-profit affordable housing and neighborhood revitalization lender, announced the closing of
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Efforts stepped up to preserve low-rise East Harlem character
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Real estate investment sales in East Harlem jumped 49 percent last year. One of Mayor Bill de Blasio’s biggest plans has been affordable housing — an ambitious
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CPC closes senior housing loan
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The Community Preservation Corporation (CPC), Project FIND, the Joint Ownership Entity New York City (JOE NYC), and the NYC Department of Housing Preservation
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CPC and L+M close on $33M refinancing deal
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The Community Preservation Corporation (CPC) and L+M Development Partners announced the closing of three Fannie Mae Multifamily Affordable Housing (MAH)
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Former city housing boss Alicia Glen raises $108M to build affordable homes
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Former deputy mayor in charge of New York housing and economic development, Alicia Glenn has raised a $108 million housing investment fund.
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CPC filling gap in market for loans that work for small building owners
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The former car factory is now 22 loft apartments CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corporation (CPC), closed a $2.
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Jersey senior living property trades for $94M
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Colliers International closed the multifamily sale of the Norman Towers, a Section 8 senior living community in East Orange, NJ for top market value of $94,000,000.
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CPC funds $48M refi’ on affordable Coney Island tower
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CPC Mortgage Company, a subsidiary of The Community Preservation Corporation (CPC), and Ocean Towers Partners LLC, a joint venture between Proto Property
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Leading real estate voices elected to Community Preservation Corp. board
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The Community Preservation Corporation (CPC) announced the election of Ingrid Gould Ellen, Faculty Director of NYU’s Furman Center and Professor of Urban
Debt & Equity
CPC announces $20M lending line for minority developers
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One of New York’s biggest real estate lenders has $20 million to give away to minority developers. The Community Preservation Corporation (CPC) just announced