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Mission Statement

The Community Preservation Corporation (CPC) is a Private, Not-For-Profit Corporation sponsored by more than 90 Commercial Banks, Savings Institutions and Insurance Companies. Sponsors contribute capital, participate in lending activities, and provide governance to CPC by sitting on the Board, the Mortgage Committee, and other policy making bodies.

The Mission of The Community Preservation Corporation is to Stabilize, Strengthen and Sustain Low and Mixed Income Communities.

CPC will achieve its Mission by developing and distributing products and services for and by providing leadership and advocacy in the following areas and activities.

  1. Provide mortgage, construction and other lending for the housing needs and the ancillary commercial activities that are necessary for achieving sustainable communities.
  2. Build a positive environment for investments in these communities that often lack borrower sophistication and a credit infrastructure.
  3. Work with governmental agencies to remove regulatory impediments to investment, and to create public/private financing programs that support these efforts.
  4. Create an infrastructure of primary and secondary financial markets that are tied into the National credit markets and that are positively predisposed to supporting and participating in these investments.
  5. Develop and package products and services that are tailored to these areas, and that eliminate the problems these borrowers often encounter with standard financial products.
  6. Develop a distribution system for these products that takes advantage of the capabilities and the needs of our Member institutions.
  7. Assist our Member institutions in providing Community Development Financing.
  8. Encourage community self-sufficiency by improving the skills of the community based developers and contractors, as well as those community groups interested in achieving neighborhood stabilization.
  9. Bring together public, private and community-based resources to create, support and sustain these activities.
  10. Engage in those "enabling" financial, marketing, advocacy,consulting, educational, and organizational activities necessary to achieve the Mission and sustain its impact.

Values and Beliefs

  1. We believe that neighborhoods and communities are the backbone of our society, and we should not allow them to become run-down, abandoned or destabilized.
  2. We believe that neighborhoods and communities are made-up of people, their housing, and their commercial and social infrastructure, and that the goal of stabilizing, strengthening and sustaining all of these entities can be achieved without significant personal or social disruption.
  3. We believe in diversity, and in communities and neighborhoods where diverse ethnic, social and economic groups, the young, the old, the healthy, and the physically challenged are all able to flourish.
  4. We believe in partnerships, and we actively seek to establish cooperative and supportive relationships between the public and private sectors, between for-profit and not-for-profit organizations, between the business community and the communities they serve, and among all of the various entities that must work together to achieve community stabilization, preservation and vitality.
  5. We believe in asking our partners what their goals are, and in working with them to achieve those goals.

Key Operating Principles

  1. CPC's service is throughout New York State. CPC is committed to these areas and will continue to support them with a "critical Mass" of products and services.
  2. Successes and innovations in New York provide a model institutional and financial structure with implications that are National in scope, and with the potential to benefit communities in other locations and the interests of CPC's Members who are active in those locations.
  3. CPC recognizes that its ability to develop and support new products and services, and to expand into new geographic areas is governed by the practical limitations of its organizational structure, its financial and human resources, and the interest of its Members. Therefore, CPC will continue to develop new products and explore opportunities in new markets: a) when it is confident that it possesses or can acquire the knowledge, skills, and resources to do so, b) when doing so will not diminish its managerial or organizational capacity, or its ability to support its current products and service areas, and c) when doing so is in the best interests of its Membership as a whole.
  4. As CPC's product offerings or service areas expand, it will create an organizational and managerial infrastructure that will effectively and efficiently support that growth, while sustaining its entrepreneurial spirit and "hands on, community based" approach to business.