About Us

Community Capital Management, LLC (CCM) was founded in 1998 and our flagship impact bond fund, the CCM Community Impact Bond Fund (f/k/a the CRA Qualified Investment Fund), was launched in August 1999. The earliest investors were banks looking to meet community development investing under the Community Reinvestment Act (CRA). 

Given the subsequent growth in demand for impact investments from institutions and individual investors, the firm began managing separate accounts in 2001 and launched an institutional (CRANX) and retail (CRATX) share class of its flagship impact bond fund in 2007. In 2024, CCM assumed the advisory role for OWNS, an affordable housing MBS ETF, of which it previously was sub-adviser. Today, we work through a network of investment consultants and advisors and serve a wide variety of clients including faith-based investors, endowments, foundations, healthcare organizations, insurance companies, non-profits, public funds, and high net worth individuals. Firm highlights below are approximate figures as of the most recent quarter end.


Firm Highlights


employee owned




billion in impact assets


billion invested in impact and ESG initiatives

Member/Supporter Highlights