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Community Preservation Corp. Surpasses $1B Milestone in Fiscal 2022
The Community Preservation Corporation (CPC) said Monday it had deployed over $1 billion in capital to support affordable and workforce housing and community development projects during the 2022 fiscal year that ran from July 1, 2021 through June 30, 2022. CPC’s work across its construction and permanent lending, mortgage lending, and equity investing platforms and through its initiatives and programs financed 144 transactions totaling 9,638 units across 18 states.
“This fiscal year was a tremendous success in which CPC continued to grow its impact, deliver volume, and expand important partnerships despite challenges that lingered from the pandemic,” said Rafael E. Cestero, CEO of Midtown Manhattan-based CPC.
He added, “We’re excited about the $1-billion milestone because it represents an expansion of our mission and our ability to invest, share our knowledge and resources, and create an impact in communities where it is needed most.”
- ◦Financing
