New York, NY – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Citi as the lead arranger and agent in the recapitalization of The Community Preservation Corporation of New York (CPC), a leading not-for-profit affordable housing and neighborhood revitalization lender.
CPC is a significant part of Mayor Bill de Blasio’s Housing New York plan, which aims to build and preserve 200,000 affordable units of housing for the very low income to the middle class across New York City over the next ten years.
Leading the Paul Hastings team were Real Estate partner John A. Cahill and senior associates Lisa A. Chaney and Eric A. Schwitzer.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.