The Community Preservation Corporation

The Community Preservation Corporation

Finances affordable housing across New York

Overview

The Community Preservation Corporation provides financing for affordable housing in New York City and statewide, partnering with government agencies, banks, and community groups to offer customized capital solutions for housing providers. Its financing leverages public and private funds and a wide network to support development and rehabilitation, helping projects attract loans and incentives that might not be available through traditional private financing. CPC stands out through its 50-year track record, deep multi-stakeholder relationships, and a history of financing more than 225,000 affordable housing units with about $14.4 billion in investments, focusing on underserved neighborhoods. Its goal is to expand access to quality affordable housing and revitalize communities by acting as a trusted capital partner that enables housing providers to complete projects serving low-income residents, seniors, and people with disabilities.

About The Community Preservation Corporation

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Industries

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

N/A

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Commuter Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Disability Insurance

Tuition Reimbursement

Remote Work Options

Flexible Work Hours

Hybrid Work Options

Professional Development Budget

Company News

New York Business Digest
Feb 19th, 2026
New York launches $150M Housing Central New York Fund to build 2,500 homes

New York Governor Kathy Hochul has launched the Housing Central New York Fund, a $150 million public-private initiative to accelerate housing production in response to Micron's $100 billion regional investment. Empire State Development is contributing $30 million, with Micron, local financial institutions and other partners providing $120 million. The revolving loan fund aims to develop at least 2,500 workforce housing units over seven years across six counties: Cayuga, Cortland, Madison, Oneida, Onondaga and Oswego. A 2023 study found the region needs 30,000 additional housing units, requiring triple the current annual production rate. Community Preservation Corporation will manage the fund, providing subordinate financing for mixed-income, multifamily housing. Projects must meet affordability requirements, including 10% of rental units affordable to households earning at or below 80% of Area Median Income.

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