April 5, 2016, New York City, NY — The New York City Energy Efficiency Corporation (NYCEEC), a leading provider of clean energy financing solutions, announced the addition of Sadie McKeown, the Chief Operating Officer and Executive Vice President at the Community Preservation Corporation (CPC), to NYCEEC’s Board of Directors. Ms. McKeown brings deep lending expertise, wide-ranging management experience and energy-related finance leadership to help further NYCEEC’s success.
At CPC, Ms. McKeown oversees all of the lending activities, business operations and investor relations for the affordable housing and community revitalization finance company, and was instrumental in its 2011 restructuring and subsequent success. She was also responsible for the development of CPC’s Green Financing Initiative that combined public incentives with private dollars to finance energy efficiency retrofits.
“Sadie McKeown will be an insightful, passionate, experienced voice on the NYCEEC board,” said Jeff Brodsky, NYCEEC’s board chair and Vice Chairman of Related Companies. “I look forward to working with her to bring clean energy financing to New Yorkers and New York City businesses.”
Most recently Ms. McKeown has spearheaded the creation of CPC’s innovative new underwriting method that has the potential to make energy efficiency retrofits financially feasible for a broad range of building owners. The “underwriting to savings” system evaluates how much savings will be achieved from proposed energy efficiency upgrades within a scope of work before the construction or rehabilitation of a property is financed. A percentage of those savings are then underwritten into the mortgage. CPC also provides in-house technical expertise and works closely with owners to help them understand the unique sustainability opportunities of their buildings and how best to capture any potential savings.
At NYCEEC, Ms. McKeown is joining a diverse, multi-talented board that includes real estate experts, clean energy investors, policymakers and environmental advocates. Together they will help guide the growth and impact of an organization which, since 2011, has financed over $80 million dollars in clean energy projects across 5.2 million square feet of NYC properties—eliminating over 570,000 metric tons of greenhouse gases.
“The savings associated with energy conservation measures can play a key role in the preservation and affordability of the housing stock in our communities. Unfortunately there are often barriers that restrict access to the capital necessary to put those measures in place,” said Ms. McKeown. “It’s an honor to work with an organization like NYCEEC that is dedicated to breaking down those barriers and making New York a greener and more sustainable city.”
Ms. McKeown earned her Master’s degree in Human Services Administration with a concentration in Housing from Cornell University. She received her Bachelor’s degree in Communications from Fordham University.
NYCEEC is a leading non-profit finance company that provides loans and alternative financing solutions for energy efficiency and clean energy projects. NYCEEC finances projects that save money, save energy and reduce greenhouse gases. We are helping New York achieve a clean and sustainable future. Learn more at www.NYCEEC.com and follow us at Twitter, LinkedIn and Facebook.
About The Community Preservation Corporation:
Established in 1974, the Community Preservation Corporation (CPC) is a nonprofit affordable housing and community revitalization finance company that believes housing is central to transforming underserved neighborhoods into thriving and vibrant communities. We provide innovative capital solutions, fresh thinking and a collaborative approach to the often complex challenges that owners and developers of multifamily housing face. To date, CPC has leveraged approximately $9.1 billion in private and public investment to finance more than 164,600 units of affordable housing. Our work with our partners has helped revitalize countless neighborhoods throughout New York, and provided quality housing for families, senior citizens, and individuals with disabilities. Follow us at communityp.com, and on Facebook, Twitter and LinkedIn.