About Us:
The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships.
A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.
Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond.
CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.
As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives.
We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.
Role Summary:
This deputy GC role is responsible for legal support to CPC's mortgage lending business and other mission related activities, including support in matters of loan closings, servicing, asset management, vendor contracts, master funding agreements, regulatory compliance, corporate governance and other matters handled by the Legal Department.
What You'll do: Provide useful, accurate and timely legal advice and support for General Counsel, Closings Department, Servicing Department, Asset Management Department, Finance Department, and Originations Department (including all Field Offices).
Provide legal advice and support for General Counsel with respect to equity investments, including advice on joint venture documents.
Assure compliance with applicable laws, regulations and contracts in all aspects of CPC's mortgage lending business, operations, servicing, equity investing, and other mission related activities.
Implement CPC's mortgage lending business objectives by drafting, negotiating and maintaining agreements, policies, forms, legal correspondence andcoordinating or directly closing loan sales and loan participation sales.
Support the General Counsel and head of closings team with respect to loan closings, including advice on closing documents and procedures.
Implement CPC's servicing business objectives by drafting, negotiating and maintaining agreements, policies, legal correspondence; and coordinating GSE securitizations.
Assist General Counsel with new program initiatives, including federal grants, portfolio acquisitions, and transactions related to diversification of capital strategies.
Assist General Counsel with corporate and non-profit tax matters, including the formation of subsidiaries and joint venture transactions.
Where needed support the general counsel or handle independently the negotiation and closing of all master funding agreements with private and/or public funding sources including repurchase agreements and bond offerings.
Provide legal support to the General Counsel on corporate governance matters.
Provide excellent customer service to all stakeholders by responding promptly and accurately to questions and information requests.
Skills and Experience Admission and good standing as an attorney in the State of New York; Minimum of 15 years practicing real estate, non-profit, and/or corporate law, with litigation experience a plus; Strong attention to detail with an ability to multi-task and respond well to pressure and competing deadlines; Proficient in power point.
Strong communication skills both written and verbal.
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 offerings and culture here
This is a full-time, hybrid role where you will work from the Manhattan office two - three days a week.
The salary range is $230,000 - $260,000, 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.