Community Capital Management Announces Winner of 7th Annual Impact Awards

Ft. Lauderdale, FL, December 14, 2023: Community Capital Management, LLC (CCM), a leading impact and environmental, social, and governance (ESG) investing manager, announced today that a bond issued by North Carolina Agricultural & Technical State University is the winner of its 2023 impact awards and will receive a $10,000 donation.

The bond is a taxable municipal issued by the first university in North Carolina for people of color and is one of the country’s largest historically Black colleges and universities (HBCU) by enrollment. The bond finances a variety of school initiatives, including the construction of a student healthcare center.

“We launched the impact awards in 2017 as a way to showcase the many positive impacts from investments made on behalf of our clients and included a donation of $10,000 to the winning investment or affiliated nonprofit,” said Alyssa Greenspan, chief executive officer and president of CCM. “We are honored to continue showcasing different types of impact investments and how they are helping people and communities in need nationwide.”

The four finalists have equally impactful stories, including:

  • The Yes 2 Arts taxable municipal bond to increase free, accessible arts programming for Miami Beach residents; generate positive economic development for the community and support local jobs; and protect and preserve the city’s cultural institutions.
  • An agency commercial mortgage-backed security (CMBS) financing Schervier Rehabilitation and Nursing Center in the Bronx that seeks to help short-term residents achieve the highest level of independent functioning and help long-term residents prevent avoidable decline in function and independence by providing rehabilitation therapies, wound care, long-term care, memory care and other supplemental services.
  • An asset-backed security (ABS) financing a small business administration (SBA) loan to Afrodisiac Enterprises, a minority- and woman-owned full-service Jamaican-Creole fusion restaurant in New Orleans. In 2020, Afrodisiac deployed its food truck as a portable kitchen to help feed homeless people in the city during the COVID-19 pandemic and consulted with a local nonprofit to address racial inequity in the restaurant industry.
  • An agency CMBS financing Bay Meadow Apartments, an affordable rental housing property in Springfield, MA, in a moderate-income, majority-minority, and high-poverty neighborhood. In partnership with Home Grown Springfield, a local culinary and nutrition program, Bay Meadow Apartments hosts a summer meal program that offers free, nutritious meals to children up to the age of eighteen.

“The Ellevest team is proud to see that our clients’ investments are finalists in CCM’s 2023 Impact Awards,” said Dr. Sylvia Kwan, CFA®, CAIA®, chief investment officer at Ellevest. “Our unique impact offerings help clients align their investments with their values, tackling critical issues like gender inequality, racial injustice, and climate change.”

To read the full stories about all of the 2023 impact award finalists stories, click here.

Community Capital Management, LLC

Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission. CCM was founded in 1998 and manages approximately $4.5 billion in assets. 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:

This material is not considered an endorsement or testimonial of the advisory services of CCM or the advisory experience with CCM or its supervised persons.

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. Any of the securities identified and described herein are for illustrative purposes only. Their selection was based upon nonperformance-based objective criteria, including, but not limited to, the security’s social and/or environmental attributes. It should not be assumed that the recommendations made in the future will be profitable or will equal the performance of the securities identified. Impact figures mentioned are approximate values. For a full list of relevant disclosures, please visit

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