About CPC Climate Capital:
CPC Climate Capital is a new division within The Community Preservation Corporation (CPC) and a sub-award partner of Climate United Fund. CPC Climate Capital will support Calvert Impact in the deployment of approximately $2.5 billion in Greenhouse Gas Reduction (GGRF) funds by advancing the CPC Climate Capital Multifamily Decarbonization Strategy nationally. CPC Climate Capital was selected to administer a portion of the awarded GGRF funds on behalf of the Environmental Protection Agency (EPA) to provide subordinate debt financing to owners of multifamily housing nationally to reduce or eliminate on-site fossil fuels, thereby reducing greenhouse gas emissions. These climate goals will be simultaneously delivered against other critical national priorities, including the creation and preservation of affordable housing, promoting equity and environmental justice, and support of high-quality jobs.
For more information, please visit us at https://communityp.com/products-services/sustainability/climate-capital/
About Climate United:
Climate United is a partnership of three national non-profitsCalvert Impact, The Community Preservation Corporation (CPC) and Self-Helpthat are complementary in their expertise and like-minded about the imperative to make sure that all Americans, particularly those bearing the greatest burden from the climate crisis, participate in and benefit from the movement to reduce carbon emissions. Between them, the organizations have 120 years of experience directly deploying more than $30 billion in low-income communities that are disproportionately affected by climate change. The core partners will be joined by multiple deployment and implementation partners to assist with management and mobilization of $6.97 billion from the National Clean Investment Fund established by the federal government as part of the Inflation Reduction Act.
Role Summary:
CPC Climate Capital will fund subordinate mortgage debt behind both construction and permanent first mortgage loans secured by both affordable and conventional properties. The Head of Underwriting will be responsible for: Building out the Climate Capital underwriting platform; Provide leadership, guidance, support, training and direction to the underwriting team; Ensuring quality, completeness and accuracy of the underwriting teams work. This leadership role will facilitate timely and appropriate communication between all parties involved in the transaction.
What Youll do:
Skills and Experience:
What We Offer:
This is a hybrid role that can be based in either NYC and would work out of our Manhattan office 2 – 3 days a week or in Washington DC with willingness to work in a hybrid work environment, or ability to travel to the NYC office quarterly for team collaboration The salary range is $175,000 $200,000, dependent on experience.
The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.