CPC raises $150 million in Inaugural Public Offering of Sustainability Bonds

NEW YORK CITY, NY — The Community Preservation Corporation (CPC), a leading nonprofit multifamily finance company, announced that it raised $150 million through its inaugural public debt offering of Sustainability Bonds, making it the single largest bond sale completed by a community development financial institution (CDFI). CPC’s offering attracted approximately $300 million in orders, and demonstrated the market’s confidence in the company’s financial strength and its ability to create a positive impact in communities through its mission-focused work.
As one of the largest CDFIs solely dedicated to multifamily housing, CPC expects to deploy the capital raised in furtherance of its nonprofit mission of investing in affordable and sustainable multifamily housing in New York State and City and throughout the Northeast.

 

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