For Immediate Release

January 14, 2025

Contact: Douglas Robinson | [email protected] | [email protected] 

NeighborWorks America Names Cormac Molloy Director of Sustainability and Resilience, National Real Estate Programs

New Position to Help NeighborWorks Members Access and Invest Billions of Dollars in Multifamily and Single-family Residential Energy Improvement Capital

Washington, D.C. — NeighborWorks America named Cormac Molloy as its Director of Sustainability and Resilience, a new position on the National Real Estate Programs team within the National Initiatives division. The position follows increased emphasis by NeighborWorks America and its national network of nearly 250 locally managed nonprofit community development organizations on building resiliency and sustainability for all types of affordable homes throughout the country. 

"I am so pleased to welcome Cormac to the National Initiatives team,” said National Real Estate Programs Vice President Lisa Getter.  “Cormac has been a leader in the NeighborWorks Training Division, establishing professional development programs that build technical and financial expertise necessary to access investment funds that improve the sustainability and resiliency of our built environment.

“In this new role, Cormac will be responsible for strategies that promote healthier, more affordable and disaster-resilient homes in collaboration with new and existing lenders and other business partners.” 

A 2024 national survey for NeighborWorks America found that 51% of adults said that the weather-related risk to their homes was either growing somewhat or a lot, while nearly 20% of the nation’s homeowners and renters reported having trouble getting disaster-related insurance. The cost of housing-related disaster insurance rose much faster than inflation in recent years, and people in multiple states are finding it difficult to get insurance against disaster at all. 

“Given this reality for homeowners and renters, it’s vital that everyone associated with housing work better together to find affordable solutions,” said Molloy. “I’m excited by this opportunity to forge new alliances that will increase accessibility to strategies that improve affordability and sustainability for households.”

The NeighborWorks network owns and manages more than 210,000 apartment homes across the United States.

About NeighborWorks America

For more than 45 years, Neighborhood Reinvestment Corp., a national, nonpartisan nonprofit known as NeighborWorks America, has strived to make every community a place of opportunity. Our network of excellence includes nearly 250 nonprofits in every state, the District of Columbia, Puerto Rico, and on Native lands. NeighborWorks offers grant funding, peer exchange, technical assistance, evaluation tools and access to best-in-class training as the nation's leading trainer of housing and community development professionals. NeighborWorks network organizations provide residents in their communities with affordable homes, owned and rented; financial counseling and coaching; community building through resident engagement; and collaboration in the areas of health, employment and education.