The Community Preservation Corporation (CPC) was launched in 1974 through a joint agreement between the City of New York and its leading commercial banks to restore and rebuild New York’s aging neighborhoods. In the more than 40 years since, we have evolved and expanded our reach to become a consistent source of capital to underserved housing markets throughout New York City and in communities across the state.

Our deep, strategic relationships with government agencies, community groups, banks, and other investors has positioned CPC as a trusted partner who works hand-in-hand with housing providers to create customized financing solutions. 

CPC has financed more than 185,000 affordable housing units to date. With roughly $10 billion in public and private investments, our work has helped revitalize countless neighborhoods and provided quality housing for low-income families, senior citizens, and individuals with disabilities.

Property Development

Real Estate

The Community Preservation Corporation

Michael R. Bloomberg

Rafael E. Cestero

The Finance and Underwriting team at The Community Preservation Corporation is responsible for evaluating and structuring financing solutions to support the development and preservation of affordable housing across New York. This team works closely with housing providers, government agencies, and investors to underwrite loans, assess construction risks, manage compliance, and ensure the financial viability of projects. They leverage deep industry expertise to create customized funding strategies that align with CPC’s mission of revitalizing underserved communities.

Finance and Underwriting

About

Team members

Other teams at The Community Preservation Corporation

Senior Vice Presidents

Vice Presidents' Team