Svp, Production Director - New York, United States - Community Preservation Corporation

Community Preservation Corporation
Community Preservation Corporation
Verified Company
New York, United States

2 weeks ago

Mark Lane

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Mark Lane

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Description

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.


About Climate United:


Climate United is a partnership of three national non-profits—Calvert Impact, The Community Preservation Corporation (CPC) and Self-Help—that 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:


The role of the Production Director is to lead CPC's Climate Capital Loan Production across a variety of multi-family lenders and direct the coordination of originations activity with CPC & CPC Mortgage Company, consistent with CPC's Climate Capital mission, the EPA, and Federal regulations.

The position is responsible for loan sizing and screening for economic and technical compliance.

Strong emphasis is placed on insuring that all deals meet the metrics set forth in the CPC Climate Capital Subordinate Loan Program and meet economic and technical standards.

The Production Director will be uniquely skilled in both mortgage finance and building decarbonization. They must be able to interface with lenders and explain the details of building decarbonization.

The Program Director will also manage the pipeline and process insuring that loan approvals happen in an efficient process with interface and approval from Risk and Credit.


What You'll do:


  • Develop the loan production infrastructure, policies, and processes to scale and create efficiencies across the first mortgage markets
  • Works with the Director of Program & Partner Management to drive education and support market building
  • Oversees all Climate Capital loan production and manage Senior Analysts and Analysts
  • Manage relationships with customers and build new deal pipeline
  • Work with owners, contractors, engineers, architects, and subsidy providers to structure loan transactions

Skills and Experience:


  • Minimum of 10 years' multifamily real estate lending experience. BA/BS required. Master's Degree in a related field is preferred. Comparable work experience will be considered
  • Demonstrated understanding of Sustainability and Affordable Housing
  • Demonstrated understanding of the national multifamily real estate market
  • Thorough knowledge of financial statement underwriting and ability to verify the risk and viability of a deal from the credit memo, and to explain such risk and viability to borrowers, credit committee, and others. Experience underwriting subsidized deals preferable
  • Thorough knowledge of the various requirements of lenders, colenders, investors, and other parties to construction and permanent lending
  • Thorough knowledge of the practical steps needed to meet lending requirements, and how to modify a business deal to meet such constraints and requirements
  • Ability to understand other parties' needs, and to explain clearly the soundness of a given problem's solution
  • Ability to be creative in searching out other business initiatives not currently part of CPC Climate Capital's product portfolio

What We Offer:


  • Competitive compensation
  • 401(k) retirement plans with employer match
  • Medical, dental, and vision benefits for employees and their dependents
  • Commuter benefits
  • PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
  • Tuition assistance program
  • Two "work from anywhere" weeks per year
  • Summer Fridays
  • Collaborative working spaces
  • Service days to support our communities
  • Employee development and engagement events
  • More about our
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