named programs · 4 · from sources
What they call their work
ACCESS Initiative
Supports minority-owned development firms through grants, technical assistance, and access to capital
CPC Mortgage Company
Provides permanent financing solutions for affordable and workforce housing developments nationwide
Climate Friendly Homes Fund
Provides grants and financing for electrification and decarbonization of affordable housing in New York State
Community Decarbonization Fund
$25 million fund to finance energy-efficient retrofits and sustainable development in affordable housing
activities · 8 groups
What they do
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Affordable Housing Development and Management 3 activities
- Acquiring and investing in affordable housing propertiesAcquires multifamily affordable housing communities in partnership with real estate investment firms, such as an 84-unit property in Azusa, California, to preserve long-term affordability and community stability.
- Financing affordable and workforce housingProvides multifamily finance products including construction loans, permanent mortgages, acquisition, refinancing, rehabilitation, and new construction for affordable and workforce housing through agency lending programs (Freddie Mac, Fannie Mae, FHA) and direct financing. Deployed over $1 billion in FY2022 to support 9,638 residential units across 18 states and financed over 90 loans in FY2025 preserving or creating housing for more than 33,000 people.
- Preserving and rehabilitating existing affordable housingFinances and administers large-scale rehabilitation and preservation of naturally or rent-stabilized affordable housing, including a $250 million, ten-year revitalization of Parkchester in the Bronx (12,271 units, 500,000 sqft retail), and recovery funding for properties damaged by disasters such as Hurricane Sandy and the COVID-19 pandemic.
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Organizational DEI Capacity Building 1 activity
- Building inclusive workplace culture and employee engagementInvests in policies, educational events, and feedback mechanisms to foster an inclusive, empathetic workplace culture aligned with mission; engages employees in culture-building and has contributed to strategic organizational initiatives since 2012.
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Low-Income Home Energy Efficiency Upgrades 1 activity
- Financing energy-efficient and climate-friendly housingFinances energy-efficient multifamily housing and climate-friendly home improvements, including over 90 energy-efficient projects, 10,600 energy-efficient units, and 2,414 homes through the Climate Friendly Homes Fund in partnership with New York State Homes and Community Renewal.
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Capital Infrastructure Funding 1 activity
- Funding electrification and sustainability upgrades in affordable housingAwards grants to finance electrification and sustainability improvements in affordable housing, including a $177,000 grant for an East Village building and $2 million for a mixed-income community in Cohoes, NY, through the NYS Climate Friendly Homes Fund.
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Interest-Free Loan and Grant Support 1 activity
- Investing in emerging and underrepresented developersProvides equity investments of $2.5M to $7.5M and operates ACCESS, a multi-million-dollar initiative offering financial resources, capacity building, and technical assistance to underrepresented real estate developers to support affordable housing creation and preservation.
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Credit Union Financial Services 1 activity
- Providing borrower services and loan administrationOffers online tools such as the Borrower Inquiry system to provide lenders and borrowers access to mortgage balances, escrow and reserve accounts, loan status, and payment history.
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Small Business and Nonprofit Lending 1 activity
- Providing technical assistance and financial relief to small building ownersAdministers financial relief programs and delivers technical assistance to small rental building owners, particularly during crises such as the COVID-19 pandemic, including $5.7 million in funding through 123 loans and broader financial support initiatives.
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Uncategorized 3 activities
- Administering disaster recovery and relief fundingAdministers public recovery funding for multifamily properties impacted by disasters, including $45 million through NYC’s Build it Back program after Hurricane Sandy and $33 million in recovery funding across 106 buildings in NYC.
- Partnering on financial stabilization initiativesPartnered with the FDIC to service the rent-stabilized portion of Signature Bank’s multifamily commercial real estate loan portfolio, supporting housing stability during financial disruptions.
- Supporting transit-oriented and historic redevelopmentProvides financing for transit-oriented and historic redevelopment projects, including a $7.5 million development in Hicksville, NY, a $3.17 million construction loan for a historic Buffalo property, and a $4.5 million loan for redevelopment of the former William Howard Taft School in Syracuse.
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financials · form 990 · fy2024
revenue
Total revenue$123.87M
Contributions & grants$11.96M10%
Program service revenue$76.28M62%
Investment income$35.64M29%
Other revenue$0
expenses
Total expenses$109.82M
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$43.65M
Grants paid out$372K
Largest expense lineCompensation
balance sheet
Total assets$1.69B
Cash$609.68M
Investments$956.37M
Liabilities$1.37B
Net assets$320.85M
Liquid reserves171.1 mo
6 years on record · 2019–2024 · YoY revenue -0.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 25
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| RAFAEL E CESTERO | CEO | 35 | $1.58M |
| SARAH J SINGMAN | PRESIDENT, CPC | 35 | $1.07M |
| DAVID ROTHBERG | EVP CHIEF FINANCIAL OFFICER | 35 | $992K |
| DONNA NICOLE FERREIRA | PRESIDENT, CPC MORTGAGE COMPANY | 0 | $881K |
| STEPHANIE C CANZANI | SVP CHIEF OPERATING OFFICER | 35 | $812K |
| ADAM TELL METZGER | SVP EQUITY INVESTMENTS | 35 | $676K |
| ROBERT L RIGGS | SVP CSP PORTFOLIO MGMT & REG DIR NYC ORIG | 35 | $672K |
| ERIN P BURNS-MAINE | SVP POLICY & GOV AFFAIRS FOR CSP AND CPC | 35 | $654K |
| ANDREA D GLADSTONE | SVP GENERAL COUNSEL & SECRETARY | 35 | $637K |
| MONIQUE D JEFFERSON | SVP CHIEF PEOPLE OFFICER | 35 | $635K |
| MALINI NAYAR | SVP CHIEF RISK OFFICER | 35 | $611K |
| JAIME S DEMASO | SVP STRATEGIC COMMS AND COMM ENGAGEMENT | 35 | $571K |
| NICHOLAS V PETRAGNANI JR | SVP DIRECTOR OF UPSTATE REVITALIZATION | 35 | $532K |
| LAWRENCE HAMMOND | SVP DIRECTOR OF CPC ACCESS | 35 | $519K |
| DOUGLAS L OLCOTT | SVP REGIONAL DIRECTOR MORTGAGE OFFICER | 35 | $497K |
| DANIEL J WHEELER | SVP DIRECTOR OF PORTFOLIO MANAGEMENT | 35 | $484K |
| MELANIE A CROCCO | SVP DIRECTOR OF FP & BUS ANALYTICS | 35 | $480K |
| ANDREW J D'AGOSTINO | SVP REGIONAL DIRECTOR MORTGAGE OFFICER | 35 | $414K |
| CHRISTINA L MORRISON | VP ASSET MANAGEMENT & SERVICING | 35 | $370K |
| HELENE S RUDOLPH | VP DEPUTY GENERAL COUNSEL | 35 | $368K |
| SARAH C DUPERE OSTRO | VP OPERATIONAL STRATEGIES | 35 | $362K |
| FERGUS P O'CONNELL | VP, DIRECTOR OF CAPITAL STRATEGIES | 35 | $362K |
| ELIZABETH L FRIEDMAN | VP INSURANCE & RISK MANAGEMENT | 35 | $314K |
| JAIME L TUOZZOLO | SVP REGIONAL DIRECTOR MORTGAGE OFFICER | 35 | $307K |
| CARY TODD MOORE | VP ASSET MANAGEMENT & SERVICING | 35 | $306K |
relationships · 32
Who they work with
- Amazon Funder — Co-announced $26.7 million in financing for energy-efficient affordable housing in Washington, DC.
- American Housing Partner — Participated in $26.7 million financing initiative for energy-efficient affordable housing in Washington, DC.
- CPC Mortgage Company Network — Cooperative of nonprofit mortgage lenders and investors focused on affordable and workforce housing, operated by CPC.
- DC Green Bank Partner — Collaborated on $26.7 million in financing for energy-efficient affordable housing in Ward 3, Washington, DC.
- Enterprise Community Partners Partner — Jaime Sharrock previously held a role at Enterprise Community Partners before joining CPC.
- Fannie Mae Partner — Provides multifamily finance products through a partnership with Fannie Mae.
- Federal Deposit Insurance Corporation Government — Partnered with CSP to service the rent-stabilized portion of Signature Bank’s multifamily commercial real estate portfolio
- Federal Housing Administration (FHA) Government — Offers multifamily finance products in collaboration with the Federal Housing Administration.
- Freddie Mac Partner — Provides multifamily finance products through a partnership with Freddie Mac.
- Goldman Sachs Partner — Partnered to deploy New York City’s COVID-19 Surge Staffing Loan Program for safety net hospitals.
- J.P. Morgan Funder — Co-announced $26.7 million in financing for energy-efficient affordable housing in Washington, DC.
- Jersey City Housing Authority Partner — Jaime Sharrock previously held a role at the Jersey City Housing Authority before joining CPC.
- Langdon Park Capital Partner — Co-acquired an 84-unit multifamily affordable housing community in Azusa, California.
- NYC Department of Housing Preservation and Development Government — Partnered with CPC and others to celebrate the completion of new affordable homes in Bedford-Stuyvesant, Brooklyn.
- NYC Department of Housing Preservation and Development Partner — Jaime Sharrock previously held a role at the NYC Department of Housing Preservation and Development before joining CPC.
- NYC Employees’ Retirement Systems Funder — Provided loan purchase commitments to CPC for affordable housing rehabilitation.
- NYC Police Pension Fund Funder — Provided loan purchase commitments to CPC, marking the first time a public pension fund invested in housing upgrades.
- NYS Common Retirement Fund Partner — Established a loan purchase agreement with CPC to support affordable housing financing.
- Neighborhood Restore Partner — Joint venture partner in Community Stabilization Partners (CSP)
- New York City Government — Selected CPC to administer $45 million in Hurricane Sandy recovery funds through the Build it Back program.
- New York Housing Conference Network — Nicole Ferreira serves on the board of directors, indicating organizational affiliation and engagement.
- New York State Government — Selected CPC to administer financial relief funds and technical assistance to small building owners during the COVID-19 pandemic.
- New York State Association for Affordable Housing (NYSAFAH) Network — Nicole Ferreira serves on the board of directors, indicating organizational affiliation and engagement.
- New York State Homes and Community Renewal Partner — Collaborates on financing and grants through the Climate Friendly Homes Fund to support affordable housing and electrification projects.
- REO Holdings Carthage LLC Partner — Closed $10.8 million in construction financing with CPC for the rehabilitation of the Tichner and Jacobi Building in Rochester, NY.
- Related Fund Management Partner — Joint venture partner in Community Stabilization Partners (CSP)
- Senior Leadership team Partner — Collaboratively supports the goals and objectives of the Corporate Culture Council.
- Shelter Rock Builders LLC Partner — Collaborated with CPC and NYC HPD on the Bedford-Stuyvesant North & Central affordable housing development.
- Standard Real Estate Investments Partner — Co-acquired an 84-unit multifamily affordable housing community in Azusa, California.
- State of New York Mortgage Agency Partner — Agreed to insure all program loans made by CPC.
+ 2 more
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Capacity Building for Emerging Developersmethodology: emerging_developer_supportBy providing emerging developers—particularly those from historically excluded communities—with financial resources, technical assistance, and joint venture opportunities, the organization expands equitable participation in real estate development, because reducing entry barriers for new sponsors increases innovation, diversifies ownership, and strengthens local capacity to produce affordable housing.
- Financing as a Tool for Affordable Housing Production and Community Stabilitymethodology: affordable_housing_productionBy providing financing, technical assistance, and equity investments specifically targeted at low- and moderate-income housing, the organization produces increased affordable housing supply and prevents community deterioration, because access to flexible, mission-aligned capital enables developers—especially emerging ones—to overcome market barriers and preserve long-term affordability.
- Patient Capital and Long-Term Ownership Modelmethodology: patient_capital_for_long_term_ownershipBy deploying patient capital—including long-term equity investments and bridge financing—the organization ensures the financial and physical stability of multifamily buildings, because extended time horizons reduce pressure to extract short-term returns, enabling sustained affordability and resilience against displacement or deterioration.
- Targeted Neighborhood Investment to Prevent Destabilizationmethodology: targeted_neighborhood_investmentBy concentrating pooled capital and financial expertise in high-need neighborhoods, the organization improves housing quality and prevents community destabilization, because geographically focused investment allows for coordinated revitalization efforts that counteract disinvestment and speculative pressures at a systemic level.