Community Preservation Corporation (CPC) is a private mortgage lender specializing in financing low-, moderate- and middle-income housing throughout New York and New Jersey. CPC lends for large and small apartment buildings, occupied or vacant, and for new construction developments. CPC is sponsored by 94 banks and insurance companies. There is a $100 application fee and an origination fee of 1-2% of loan amount. Loan products include, construction financing, permanent financing, Small Building Loan Program, and Preservation Financing for Cooperative Buildings.

Contact CPC for more information at (518) 463-1776 for more information.

NYSERDA $mart Loan Fund provides interest rate reductions on loans for energy-efficiency projects and renewable technologies. The program provides interest rate reductions up to 4% in cooperation with participating lenders, which include banks, credit unions, community development financial institutions, and farm credit associations. Loans can be up to: $20,000 for 1-4 family homes for a secured loan; $5,000 per unit up to $5,000,000 per borrower for multifamily buildings; and $1,000,000 per borrower for all other facilities (plus up to an additional $500,000 for “green building” improvements). The Loan Fund Program will “buy down” the lender’s interest rate by up to 400 basis points or 4%*. Interest rate reductions are available for the lesser of 10 years or the life of the loan.

Contact NYSERDA at (518) 862-1090 for more information.