CPC Mortgage Company has named Nicole Ferreira as president, effective in July. A national agency mortgage lender that is bringing social impact and a nonprofit mission to the mortgage lending industry, CPC is the only nonprofit-owned lender offering a suite of Freddie Mac, Fannie Mae, and Federal Housing Administration (FHA) multifamily finance products. She will succeed current CPC Mortgage Company President John Cannon, who is retiring in June at the end of the 2023 fiscal year.
As president of CPC Mortgage Company, Ferreira will lead the nation’s only mortgage company comprised of impact-driven, nonprofit mortgage lenders and investors. The model leverages the unique expertise of owners The Community Preservation Corporation, Cinnaire and National Equity Fund, with the shared goal of bringing flexible mortgage capital to communities to expand and preserve affordable and workforce housing. CPC Mortgage Company offers conventional, affordable and small balance lending for the acquisition, refinance, rehabilitation and development of multifamily housing.
“At a time when we have nationwide crises of both housing affordability and availability, it’s critical that there’s somebody focused on providing flexible mortgage capital to owners and operators in communities where it is needed most,” Ferreira said. “CPC Mortgage Company has set itself apart as an organization that values transparency and accountability, and that looks at every deal through a lens of the social impact it can offer. I look forward to joining the CPC Mortgage Company and leading a team that is changing how business is done in the mortgage industry.”
Most recently, she served as executive vice president of development at Beacon Communities LLC where she oversaw the development of affordable housing throughout New York State and Connecticut.
Ferreira has also served as senior vice president of multifamily finance and development at the New York State Homes and Community Renewal (HCR), where she oversaw all HFA multifamily lending and debt issuance. Before joining HCR, she was executive vice president for real estate development at the New York City Housing Authority’s (NYCHA), where she closed one of the largest public housing revitalization transactions in the country and led the team responsible for creating the 10-year strategic plan to repair NYCHA’s aging building stock and stabilize the agency’s finances. She is also a member of the Association of Latino Professionals for America (ALPFA) and is an adjunct professor at the Pratt Institute’s Graduate School of Real Estate in Brooklyn, NY.
