The renaissance of Harlem into one of the most sought after neighborhoods in NYC is a true success story. With a focus on the redevelopment of Frederick Douglass Boulevard, the Gateway to Harlem, it caps a decade of collaboration between public & private entities and has produced over 800 units of quality affordable housing and scores of new retail spaces. Read more ...
Renovation and revitalization of the 12,271-unit Parkchester condominium, a visionary ten year undertaking, is CPC Resources’ greatest effort to date. Read more ...
This past holiday season, tenants at Riverdale Osborne Towers celebrated the completion of the $39M renovation of four, nine-story buildings containing a total of 523 affordable units for low-income families in the Brownsville section of Brooklyn. Read more ...
CPC Resources, Inc. (CPCR) is a for-profit subsidiary of The Community Preservation Corporation (CPC). It was created in 1992 to develop affordable housing in underserved communities throughout New York.
CPCR intervenes directly to save vital community properties, and invests to catalyze development in up and coming neighborhoods. It often partners with local developers, non-profits and community groups on new or renovation projects.
For more information contact Thomas McGrath
To date CPCR has developed or preserved over 15,000 units of affordable housing.
Projects range from the decade-long revitalization of the 12,271-unit Parkchester complex in the Bronx (see story above) to the renovation and new construction of small residential properties in Harlem.
With special expertise and deep experience in complex financing strategies and government assistance programs, CPCR delivers projects that are on time and under budget.
Two equity funds, Opportunity Funds I and II, have been created to finance CPCR developments. Several of the nation's leading financial institutions participate in these funds.
CPCR also draws on its extensive track record to serve local governments, nonprofits, and local developers in a consulting capacity.