News

Paul Hastings Advised Citi in its Recapitalization of The Community Preservation Corporation, a Pillar of Mayor Bill de Blasio’s Housing New York Plan

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

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.