VP Capital Markets (CPC Climate Capital)
Apply NowCompany: Community Preservation Corporation
Location: New York, NY 10025
Description:
About Us
CPC Climate Capital, a sub-award partner of Climate United Fund, 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 CPC Climate Capital
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 likeminded 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.
For more information, please visit us at CPCClimateCapital.com
Role Summary:
The VP of Capital Markets will leverage credit guarantees, top-loss funding structures, and rate buy-down mechanisms to attract private institutional and capital for projects that meet CPC Climate Capital's performance standards. Additionally, this position will cultivate and manage strong partnerships with correspondents, lenders, and other capital providers to support the deployment of funds into projects with a measurable impact on carbon reduction and energy efficiency.
What you'll do:
Qualifications:
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 remote in Washington DC and will need to periodically travel to our Manhattan office. The salary range is $170,000 - $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.
CPC Climate Capital, a sub-award partner of Climate United Fund, 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 CPC Climate Capital
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 likeminded 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.
For more information, please visit us at CPCClimateCapital.com
Role Summary:
The VP of Capital Markets will leverage credit guarantees, top-loss funding structures, and rate buy-down mechanisms to attract private institutional and capital for projects that meet CPC Climate Capital's performance standards. Additionally, this position will cultivate and manage strong partnerships with correspondents, lenders, and other capital providers to support the deployment of funds into projects with a measurable impact on carbon reduction and energy efficiency.
What you'll do:
- Design and implement rate buy-down programs to improve the financial feasibility of sustainable projects, ensuring these programs are strategically leveraged to maximize capital flows.
- Oversee top-loss structures and manage associated funding allocations to align with project risk profiles and performance targets.
- Establish and maintain relationships with correspondent banks, national lenders, Fannie Mae, Freddie MAC, FHA and other key financing partners to expand lending and investment capacity for qualified projects.
- Conduct rigorous due diligence on potential lender and investment partners to ensure alignment with the organization's sustainability and risk parameters.
- Cultivate a pipeline of partner-aligned projects to enable consistent capital deployment, working closely with internal project development and sustainability teams.
- Lead comprehensive financial analysis for potential investments, assessing both traditional metrics and carbon reduction ROI to align with organizational sustainability targets.
- Represent the organization at industry events, conferences, and in publications to position it as a leader in sustainable capital markets for multifamily real estate.
- Identify and recommend new financial products, incentives, and market trends that support the scaling of capital for low-carbon multifamily developments.
- Develop and manage credit guarantees, top-loss protections, and other risk-mitigating structures to attract capital investment into projects meeting CPC Climate Capital Standards.
Qualifications:
- Bachelor's degree in finance, economics, business administration, or a related field; MBA or advanced degree is a plus.
- 10+ years of experience in capital markets, real estate finance, or sustainable investment, with at least 5 years in a leadership role. Multifamily or commercial real estate experience is highly preferred.
- Strong understanding of credit guarantees, top-loss funding structures, rate buy-down mechanisms, and sustainable finance vehicles.
- Advanced financial modeling and risk assessment skills, with experience in assessing both traditional and sustainability-driven ROI.
- Relationship Management: Proven track record in developing and managing lender and correspondent relationships, ideally within sustainable or impact finance markets.
- Knowledge of Sustainability Initiatives: Familiarity with carbon reduction strategies, ESG metrics, and environmental finance frameworks is highly desirable.
- Ability to align capital markets strategy with the organization's sustainability mission.
- Focus on measurable outcomes and a demonstrated history of exceeding capital deployment targets.
- Skilled at working across departments to integrate capital market activities with organizational goals.
- Capable of translating complex financial structures into clear, compelling strategies for both internal and external stakeholders.
What We Offer:
- 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
- Competitive compensation
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 remote in Washington DC and will need to periodically travel to our Manhattan office. The salary range is $170,000 - $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.