"I am incredibly excited to help advance the Healey-Driscoll Administration's ambitious goals for simultaneously addressing the climate crisis and the housing crisis in Massachusetts," said Maggie Super Church. "The Commonwealth has been a longtime leader and innovator in clean energy, and I look forward to building on that legacy through the work of the MCCB."
"Maggie Super Church brings deep expertise and a commitment to community-focused responses to climate change to this new role, and we are thrilled to welcome her as the Climate Bank's first hire," said MassHousing CEO Chrystal Kornegay. "Her work will maximize investment in green building technologies, while ensuring that low- and moderate-income households lead the state's clean energy transition."
"Maggie Super Church gets things done – she is a savvy and strategic pragmatist with a proven record of getting projects built and creating innovative financing strategies to advance community development that improves quality of life and health for disadvantaged communities," said Climate Chief Melissa Hoffer. "She joins the Community Climate Bank fresh from a prestigious visiting scholarship with the Federal Reserve Bank of New York and ready to hit the ground running. Maggie's practical skills – honed over decades of experience at the intersection of affordable housing, public health, climate, community economic development and real estate finance – will be a tremendous asset for the Community Climate Bank, the nation's first and only green bank focused specifically on transitioning affordable housing to clean energy. We are thrilled to welcome her to our team!"
In Massachusetts, buildings are responsible for 30 percent of all greenhouse gas emissions statewide. Transitioning the built environment to clean energy is a key component of the Commonwealth's goal of achieving net zero carbon emissions by 2050.
In her new role at the MCCB, Super Church will lead the development and implementation of financing solutions for single-family and multi-family housing that advance the Commonwealth's building sector decarbonization goals. The MCCB will make investments that measurably reduce emissions and contribute to the production and preservation of affordable rental and homeownership housing across the Commonwealth.
Super Church previously served as Vice President for Healthy and Resilient Communities at the Conservation Law Foundation, where she co-led the creation of multi-investor funds for healthy neighborhoods in partnership with the Massachusetts Housing Investment Corporation. She was most recently a Visiting Scholar at the Federal Reserve Bank of New York, where she contributed to a forthcoming book on climate and community development.
The MCCB is situated at MassHousing, effectively combining the agency's 50-plus years of experience delivering complex financial transactions and structuring public-private housing finance solutions with a new clean finance vehicle dedicated to decarbonizing Massachusetts's affordable housing stock. The MCCB's primary investment vehicle, the Massachusetts Community Climate Bank Fund, is seeded with $50 million from the state of Massachusetts and will aggregate additional capital from state, federal, private, and philanthropic sources.
About the Massachusetts Community Climate Bank
Massachusetts Governor Maura Healey created the MCCB in June 2023, as the nation's first green bank dedicated to affordable housing. MassHousing will incubate and steward the MCCB's growth in collaboration with two partners that are experienced in delivering green energy solutions into sectors beyond affordable housing: the Massachusetts Clean Energy Center (MassCEC) and the Massachusetts Development Finance Agency (MassDevelopment). The MCCB is organized to promote clean energy solutions for low- and moderate-income households by leveraging federal, state, and private funds. Massachusetts has prioritized accelerated investment in affordable homes -- where residents bear a disproportionate burden of energy costs, and where families have been disproportionately impacted by pollution from fossil fuels.
About MassHousing
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $30 billion for affordable housing. For more information, follow us on Twitter, Facebook and LinkedIn.
###
