October 12, 2013
Community Capital Management Commits $200 Million to Community Development
by Robert Kropp
The fixed income investment advisory firm announces its first Clinton Global Initiative America
commitment, and will invest at least $200 million over the next year to help revitalize low-income
One of the programs of the Clinton Global Initiative is CGI America, an annual meeting whose focus is economic
recovery and job creation in the US. This year's meeting, held in Chicago in June, resulted in a
total of 74 new commitments valued at more than $1.6 billion. The positive impacts of the
commitments on the lives of more than two million people include the following:
10,000 jobs, including 1,500 specifically indicated as clean or green, will be created or filled.
More than $1.4 billion of new capital will be invested in or loaned to small- and medium-sized
More than 4,500 small- or medium-sized enterprises will receive non-monetary
support, such as assistance developing business plans and pro bono consulting, technical training,
and access to new markets.
More than 250,000 people will have improved access to capital and
More than 212,000 students will gain access to Science Technology Engineering Mathematics (STEM)
More than 10,000 youth will gain access to mentoring.
than 10,000 teachers will be trained or gain new skills.
More than $190 million of new capital
will be invested in green initiatives.
More than 1.2 million tons of greenhouse gases (GHGs)
will be avoided, mostly through building retrofits and energy efficiency efforts.
The previous two meetings of CGI America led to a total of 212 commitments with an
estimated total value of over $13.4 billion.
Investing to Revitalize US Local Communities is
one of this year's commitments, made by Community Capital Management (CCM),
a sustainable fixed-income investment adviser headquartered in Florida. CCM has committed to
investing up to $200 million in low- and moderate-income communities over the next year. CCM's
investments will focus on affordable housing construction, small business development, affordable
rental housing, healthcare, post-disaster redevelopment, distressed and underserved communities and
CCM will also seek investment opportunities in environmental sustainability,
healthy food access, healthy community initiatives, neighborhood transformation, transit-oriented
development, and education programs.
"CCM firmly believes that abundant investable
opportunities will emerge from CGI America's collaborative and inclusive process,” said David Sand,
chief investment strategist of CCM. “CCM is committed to working with CDFI's and other community
development intermediaries participating in the CGI America community to reach, if not, surpass its
$200 million goal.”
To date, CCM has invested over $5.6 billion in community development
initiatives on behalf of its clients.