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Targeting by Geography

Clients can have their investments target specific geographies.  Investments that direct monies toward a specific geography will finance a variety of community development initiatives or impact themes in low- and moderate-income communities including, but not limited to: affordable housing, affordable healthcare, enterprise development, education and child welfare, redevelopment of distressed or blighted communities, environmental sustainability, healthy communities, and disaster recovery.

Geographical targeting can be done at the county or state level or across multiple regions.  Clients receive detailed impact reports which provide information on the project of initiative being financed and how it is positively impacting a specific geography.

CCM offers institutional investors its fixed income impact investing strategy via two products: a mutual fund (the CRA Qualified Investment Fund; Ticker: CRANX) and a separately managed account.  For more information, please contact Jamie Horwitz at jhorwitz@ccminvests.com.


CASE STUDY:

Mission: A public fund would like to target economic development in the State of Florida.

Target: Investments in a separate account will be customized to support a variety of economic development initiatives such as affordable housing, job creation, neighborhood revitalization, etc. in Florida.

Example: An affordable rental property located in a “Difficult Development Area” of Miami Gardens underwent a substantial rehabilitation that incorporated green and environmentally friendly features.   Amenities now include a playground/tot lot, accessible to children with disabilities; a covered picnic area for residents; and each unit wired for high speed internet.  Applicant programs offered to residents include Welfare to Work programs, first time homebuyer seminars, literacy training, health and nutrition classes, and financial counseling.

 

The security identified and described is a current holding and is for illustrative purposes only.  Its selection was based upon non-performance criteria, such as the security’s social and/or environmental attributes.  Market conditions can vary widely over time and can result in a loss of portfolio value.  Past performance does not guarantee future results.