Michael Lappin

Influential CEO and Consultant with expertise in business development, real estate economics, and investments

ADVISOR BIOGRAPHY

Michael Lappin is an accomplished Senior Executive, Consultant, and Board Member with more than 45 years of success across real estate, non-profit management, financial services, community development, and management consulting areas. Leveraging extensive experience in Federal, State and local housing financing programs, he is a valuable advisor for an organization seeking to provide creative affordable housing solutions. His broad areas of expertise include business development, organizational leadership, regulatory compliance, and governance.

Michael formed MLappin & Associates LLC in 2013 to provide consulting and development services for affordable housing. http://lappinassociates.com/

Previously, he led The Community Preservation Corporation, and CPC Resources, Inc. for over 30 years.  Under his tenure, CPC and its subsidiaries financed or developed almost 145,000 units of residential housing in New York, New Jersey and Connecticut.  The housing incuded rental and special needs housing as well as condominiums and cooperatives in emerging markets.  These developments ranged from tenant-in-place rehabilitation to renovation of vacant buildings and new construction.  Under his leadership, CPC renovated the 12,271 residential units at Parkchester in the Bronx, the nation's largest privately-owned residential complex.  While at CPC, he pioneered an investment program by New York City and State public pension funds in affordable housing. 

Michael has written extensively about affordable housing and has lectured at a number of leading universities.  A number of his articles are attached here.

"We Have all the Ingredients We Need to Get Cooking on Senior Housing," Crains NY Business, January 14, 2019

https://www.crainsnewyork.com/op-ed/we-have-all-ingredients-get-cooking-senior-housing

NYC Department of Housing Preservation and Development Annouces Development Plans

https://www1.nyc.gov/site/hpd/about/press-releases/2017/03/03-21-17.page

"Brownsville Tenants Team with Developers to Change Lives," NY Daily News, February 25, 2011

https://www.nydailynews.com/life-style/real-estate/brownsville-tenants-team-developers-community-change-lives-article-1.1043392

"Puerto Rico Aims to Solve its Affordable Housing Crisis," Wall Street Journal, January 5, 2016

https://www.wsj.com/articles/puerto-rico-aims-to-solve-its-affordable-housing-crisis-1452027904

"Earning  a Profit while Improving Energy Efficiency," NY Times, November 18, 2009

https://www.nytimes.com/2009/11/18/realestate/commercial/18retrofit.html

"$1.4Billion Development of Sugar Factory in Brooklyn," NY Times, June 30, 2010

https://www.nytimes.com/2010/06/30/nyregion/30domino.html?_r=1

"Housing Group Develops For-Profit Apartments," NY Times, February 23, 2002

https://www.nytimes.com/2003/02/23/realestate/postings-housing-group-builds-for-profit-project-brooklyn-12-market-rentals-two.html

2012 - Present

Managing Partner - MLappin & Associates LLC

MLappin & Associates LLC

  • Designed a plan to build 15,000 affordable senior housing units on public land
  • Created a plan to moderate the effects of gentrification on urban neighborhoods
  • Wrote policy papers for high-level political candidates
  • Written and lectured extensively on affordable housing development and finance.

1980 - 2011

CEO and President - The Community Preservation Corporation and CPC Resources, Inc.

The Community Preservation Corporation and CPC Resources, Inc.

  • Promoted through the ranks to become the CEO
  • During his tenure as CEO, led financing and development of almost 145,000 residential units, representing investments of over $8 billion
  • Brought in investors from NYC and NYState public pension funds to finance affordable housing
  • Redeveloped the largest privately built residential housing complex, Parkchester, Bronx, NY with 12,271 residential units, 171 buildings and commercial space. Renovation was completed over a six-year period.
  • Financed and developed numerous deteriorated or vacant properties throughout NYC

I’m Available To Advise On The Following Subjects

Regulatory Compliance

Change Management

Business Development

Organizational Leadership

Company or executive-specific business strategy

Due diligence on a significant business purchase

Bringing new financial resources to community development

Lead legislative, regulatory and policy initiatives on the Federal, State, and Municipal levels