Community Preservation Corporation – Small Buildings: A Stabilizing Force for Communities
Small buildings are the foundation of the multifamily housing stock across New York State, and serve as a haven of naturally occurring affordability for low- and moderate-income renters. Investing in the quality and stability of the small building stock is critical to serving the needs of current and future tenants, and to promoting economic prosperity in neighborhoods large and small across the State.
As a mission-driven lender, CPC has long been focused on meeting the unique capital needs of our small buildings, as well as providing technical assistance to owners and operators. More than 70 percent of CPC’s investments since inception have been in small building projects — buildings with 5 to 49 units. That’s more than 3,000 loans to all types of borrowers.