BlueHub Capital is seeking an experienced and dynamic Vice President of Climate Lending to lead BlueHub Loan Fund’s climate lending and related initiatives.  BlueHub has a national lending footprint and diverse borrowers across the housing, health, education and community facilities sectors, with a long track record of investing in the climate resiliency of low-income communities.    

The VP of Climate Lending will be responsible for leading BlueHub’s climate lending strategy and related initiatives. They will bring to the position demonstrated leadership and creativity in managing complex projects or initiatives, community development finance and environmental or building science expertise, and a commitment to climate justice and the resiliency of low-income communities. This position will report to the President of BlueHub Loan Fund and will work closely with the President of BlueHub Energy and other members of BlueHub Capital’s executive team.  

Work Arrangements: BlueHub staff are working a hybrid schedule of three days of work in the office (Tu-Th) and two days of remote work (M & F). 

About BlueHub Capital

BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $2.6 billion (and leveraged over $13.6 billion) to finance:

• Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places
• Reducing financial barriers to US citizenship
• Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes
• Mortgage lending for families facing foreclosure 

Reducing economic inequality is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on marginalized communities, particularly those who’ve been systematically denied access to capital. Our offices are located in the Nubian Square neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, www.bluehubcapital.org.

BlueHub’s Climate Justice Leadership:  Committed to reducing the impact of climate change on low-income and environmental justice communities in the past decade, BlueHub has invested over $100 million in renewable energy, energy efficiency and resiliency projects serving low-income and environmental justice populations. BlueHub makes investments that: create wealth and educational opportunity; fill unmet needs for quality jobs, health- and childcare, housing and community facilities; and allow underserved communities to adopt new renewable technologies and combat climate change. Throughout our history, BlueHub’s financing has integrated the affordability, equity and environmental needs of our borrowers: 

• BlueHub Loan Fund finances energy efficiency, resiliency, and renewable energy improvements and has a Sustainability Rating from Sustainalytics, a global sustainability rating agency. We track sustainability measures taken or met by our portfolio borrowers, and 65% percent of our recent lending has been to projects with explicit climate or sustainability features. 
• Our affiliate BlueHub Energy pioneered affordable, third-party solar programs for nonprofits and low-income housing, developing over 7 megawatts of rooftop and community solar facilities and being recognized as a “Solar Champion of Change” by The White House in 2014. 
• We led the Green Building Production Network, which introduced green and sustainable development strategies to Boston community development corporations serving low-income communities.
• BlueHub co-founded, led and capitalized WegoWise, Inc., a company that provides low-cost utility and carbon tracking and benchmarking data for affordable housing developments. WegoWise, now sold and operating separately, has the largest database of multifamily building utility performance in the world. 
• We have used our development and financing experience to successfully propose solar and renewable energy legislation, policies and programs that equitably serve environmental justice communities. 
• We develop environmental financing and innovative strategies to ensure that low-income and environmental justice communities are not left behind in the transition to a clean, renewable energy system, including a new electric vehicle-to-grid (V2G) pilot program that is working to lower the cost of electric vehicles for drivers with low incomes.

Essential Duties and Responsibilities:

BlueHub is expanding and accelerating its climate lending program to include (but not be limited to) products to: (1) finance decarbonization of affordable multifamily housing and community facilities; (2) fund planning for decarbonization of affordable multifamily housing and community facilities; (3) finance solar installations at affordable multifamily housing; and (4) pilot and finance clean tech, healthy homes, and resiliency infrastructure, such as Vehicle-to-Grid projects, for climate justice communities. The VP of Climate Lending will:

• Work with the BlueHub Loan Fund President, BlueHub Energy President and other members of BlueHub’s leadership and Loan Fund teams to develop and scale a financially sustainable, deeply impactful climate lending strategy, which may include fund development (as it relates to new GGRF funds), development of standardized loan products for purchase/sale in a secondary market, collaboration with one or many partners in raising of debt, grant and other capital. 
• Lead the development of loan products that support and advance climate resiliency and climate justice in low-income communities, including typical terms and structure, underwriting criteria, standard documentation, and related systems and processes.
• Identify, structure, negotiate, underwrite and close loans that advance climate justice and resiliency through solar development, energy efficiency, decarbonization, clean energy generation, and other investments in climate resiliency and/or health. Investments may include community facilities, transportation, and clean energy. Support other lenders to do the same.
• Represent BlueHub in state and federal community development leadership circles regarding climate justice and climate resiliency. Represent BlueHub in community development industry leadership groups and forums to build the capacity of the sector to drive climate justice, decarbonization, and climate resiliency in low-income communities. Work with BlueHub’s communications team on climate-related messaging for BlueHub leaders for purposes of external communications, public events, conferences and the like.
• Follow industry and technical developments related to climate justice and resiliency, including the status and terms of state and federal funding programs, including but not limited to energy, solar and other relevant tax credit programs, the programs of the EPA’s Greenhouse Gas Reduction Fund, the HUD’s Green and Resilient Retrofit programs, along with similar state and local regulation, funding and innovation.  Ensure BlueHub complies with all relevant laws, regulations, policies and grant/loan requirements.
• Sustain and expand BlueHub’s network of relationships with climate resiliency/sustainability leaders nationally and in our key markets and asset classes, including community leaders, policy leaders, building science professionals, mission-aligned developers and operators of community facilities, Community Development Finance Institutions (CDFI) and lending partners, and other key stakeholders.

Other Duties:

• Provide technical assistance and training to staff and borrowers, as appropriate. Develop learning tools to leverage BlueHub impact and advance industry best practices.
• Provide technical assistance to borrowers with varied levels of sophistication to strengthen projects, identify additional resources required and otherwise help projects advance and succeed.
• Other duties as assigned, including potential staff management responsibilities.

Qualification and Skills:

• Bachelor’s degree; Advanced degree in Finance, Real Estate, sustainability, environmental science or a related field, or comparable knowledge or skill gained via experience.
• 10 or more years of experience in climate resiliency and/or real estate/community development.  Experience in some or all of the following areas will be valuable: (1) affordable housing development and/or finance; (2) community facilities development and/or finance, (3) energy efficiency, clean energy, building science, solar development, solar generation, electric vehicles, climate resiliency, sustainability, decarbonization, and carbon metering.
• Self-motivated with excellent organizational skills.
• Able to work independently and as part of team.
• Excellent quantitative and qualitative analytical and negotiating skills.
• Excellent verbal and written communication skills.
• Demonstrated experience with business development, product or program development and management.
• Commitment to the mission and goals of BlueHub Capital.

Salary and Benefits:

Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s scale. As a “life cycle employer,” BlueHub invest in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits include: 

• Generous insurance benefits: Health, dental, vison, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses
• Retirement benefits: Competitive 401(k) matching
• Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching
• Excellent package of vacation time and paid leave, as well as generous roll-over policies

Application:

Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Specialist. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.