Community Capital Management Announces New Impact Initiative For First-Time Homebuyers

Ft. Lauderdale, FL, February 20, 2024: Community Capital Management, LLC (CCM), a leading impact and environmental, social, and governance (ESG) investing manager, is excited to announce its new impact initiative focused on first-time homebuyers.[1]

“CCM has been investing in affordable homeownership for 25 years, and our new initiative looks to both invest in bonds (1) financing mortgage loans made to low- and moderate-income (LMI) and workforce first-time homebuyers and (2) programs helping first-time homebuyers with down payment assistance and other housing-related costs,” said David Sand, chief impact strategist. “Homeownership promotes wealth creation by acting as a natural savings mechanism through home value appreciation. It also connects families to their communities and can result in better education, employment, and health outcomes.”

Alyssa Greenspan, CFA®, CEO and president, added: “Our clients are acutely aware of the challenges faced by first-time homebuyers, and CCM is excited to launch this new effort. In addition to wealth creation, homeownership offers savings, stability, and tax benefits. Our goal is to share an annual impact report on this initiative with metrics such as number of loans to first-time homebuyers, geographic breakdown of loans across the country, and wealth creation statistics.”

Clients meeting minimum requirements will be able to select this new initiative as a customizable impact option, similar to how clients have previously targeted Minority CARES and/or COVID-19 impact initiatives. The First-Time Homebuyer initiative will replace the close of the firm’s COVID-19 relief initiative, which was launched in 2020 to invest $100 million in bonds financing assistance to people and communities nationwide affected by the pandemic.

CCM is pleased to share that the COVID-19 initiative surpassed its original goal and ended 2023 investing $185 million since its inception. Although COVID-19 remains an ongoing health issue, it is no longer considered a global health emergency, and given a decline in issuance for relief efforts, the initiative closed at the end of 2023. CCM is grateful for the support from clients and will continue to invest in bonds financing COVID-19 relief should they become available and meet impact and financial criteria. Minority CARES remains open and continues to direct fixed income capital to advance racial equality and support minority people and communities.

Community Capital Management, LLC

Founded in 1998, Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission. The firm’s mission seeks to deliver superior risk-adjusted returns through investment strategies that contribute to positive environmental and social outcomes. For more information, please visit: www.ccminvests.com.

Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The verbal and written communications of an investment adviser provide you with information you need to determine whether to hire or retain the adviser. Past performance is not indicative of future results. CCM has distinct investment processes and procedures relating to the management of investment portfolios for institutional clients. The firm’s strategies are customized, rather than model-based, and utilize an innovative approach to fixed income and equity by combining the positive societal outcomes of impact and environmental, social, and governance (ESG) investing with rigorous financial analysis, an inherent focus on risk management, and transparent research. Bonds are subject to interest rate risk and will decline in value as interest rates rise. Stocks will fluctuate in response to factors that may affect a single company, industry, sector, or the market as a whole and may perform worse than the market. Different types of investments involve varying degrees or risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio. A sustainable investment strategy that incorporates ESG criteria may result in lower or higher returns than an investment strategy that does not include such criteria. Impact figures mentioned are approximate values. Opinions, estimates, forecasts, and statements of market trends are based on current market conditions and are subject to change without notice. Third party links, trademarks, service marks, logos and trade names included in this content are the property of their respective owners. The inclusion of a third party link is provided for reference and does not imply an endorsement or, association with, or adoption of the site or party by us. Acceptance of this material constitutes your acknowledgement and agreement that the Advisor does not make any express or implied representation or warranty as to the accuracy or completeness of the information contained herein and shall have no liability to the recipient or its representatives relating to or arising from the use of the information contained herein or any omissions there from. For a full list of relevant disclosures, please visit https://www.ccminvests.com/regulatory-disclosures/

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[1] https://archives.hud.gov/offices/hsg/sfh/ref/sfhp3-02.cfm