CPC Resources, Inc.

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The Livmor

The renaissance of Harlem into one of the most sought after neighborhoods in NYC is a true success story. Projects, such as the Livmor condos in Harlem were built by CPCR, Inc., & qualify for a 25-year 421-a tax abatement.


About Us

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

Accomplishments

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.

Equity Fund Financing

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.