Climate Capital
The Community Preservation Corporation (CPC) is a partner in Climate United, a coalition managing $7 billion in funding from the Greenhouse Gas Reduction Fund (GGRF) established under the Inflation Reduction Act. Our shared goal is to tackle the climate crisis while building a stronger economy that benefits all Americans by investing in local lenders and small businesses.
Welcome to CPC Climate Capital
As one of the nation’s largest CDFI’s with five decades as a leader in the multifamily lending industry, CPC leads the coalition’s multifamily market strategy through the deployment of targeted investments to decarbonize multifamily housing nationwide through its subsidiary CPC Climate Capital.
In addition to reducing harmful greenhouse gas emissions, CPC Climate Capital will finance projects that bring tangible benefits to residents, such as improved indoor air quality and lower utility expenses, with at least 40% of transactions supporting residents of low-income and disadvantaged communities.
CPC Climate Capital achieves this goal by providing low-cost subordinate debt financing to increase proceeds for deep green decarbonization improvements for multifamily housing, while decreasing the overall cost of mortgage capital. The goal of driving national decarbonization and significant reduction of greenhouse gases and other air pollutants in existing and to-be-built multifamily projects will be achieved by mobilizing the existing network of multifamily mortgage lenders to help deploy our low-cost subordinate debt financing.
The CPC Climate Capital suite of products is expected to launch in the coming months. Check back soon for updates.
Please see below for open Request for Proposals (RFPs) for vendors and career opportunities for individuals interested in working with CPC or one of our affiliates.
