General Information and Structure
Lender:
Community Preservation Corporation (CPC)
Lending Type:
CDFI
Jurisdiction:
NY, NJ
Permanent financing (or mortgages), NY state pension fund insured, plus multiple Freddie Mac products, for projects that need less extensive retrofits, up to 80% financing with reduced rates
Active or Closed Program?:
Active
Years Offered:
2008 - Present
Eligibility Criteria:
naturally-occurring and subsidized affordable rental and cooperative housing, 5+units
Type of Financing:
Mini-Permanent/Permanent
Loan Size Range:
Not specified
Type of Improvements Covered:
Energy efficiency, water conservation, renewable energy - including but not limited to air sealing/fire stopping; boilers; heating/hot water controls; showerheads, aerators and toilet; ventilation; lighting; energystar appliances; windows and insulation
