Who We Are > CPC History

Expanding Its Reach

Starting in 1978, CPC reached beyond Crown Heights and Washington Heights to become active in the 19 Neighborhood Preservation Areas. CPC financed the rehabilitation of thousands of deteriorated and dilapidated apartments in uptown Manhattan, the Bronx, and central Brooklyn, and worked with government to reclaim devastated neighborhoods in Harlem, the South Bronx, and East New York.

By the early 1980's, CPC expanded to cover all the non-luxury areas of the city, and in the late 1980's expanded to cover the Hudson Valley. In 1995, CPC formally merged with an upstate New York non-profit mortgage lender, the Community Lending Corporation (CLC). CPC became a state-wide organization, opening new offices in Albany, Syracuse and Buffalo. CPC is expanding its lending capacity in Upstate New York with a new Rochester office opening in 2007.

In 1998, CPC crossed the Hudson to open its first out-of-state office in New Jersey. CPC opened its second New Jersey office in Trenton in 2007, creating an increased presence in the state to foster local partnerships.

CPC has expanded again by lending in Connecticut, beginning in 2007. In Connecticut, CPC focuses on the Bridgeport, New Haven, and Hartford areas. In these areas, CPC works with local communities to build and preserve affordable housing, as well as to redevelop deteriorated downtown areas to create new housing opportunities.

CPC today is sustained by its 80 member banks and insurance companies. CPC has not only expanded, but models based on its success are being replicated in several states and cities across the country.