Community Capital Management (CCM) has announced its first Clinton Global Initiative America (CGI America) Commitment to Action to invest at least US$200 million over the next year in market-rate, fixed income securities that will help revitalize US local communities.
Economic activities include affordable housing, job opportunities, neighborhood transformation, and the creation of healthy, safe and viable communities, to name just a few.
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David Sand, chief investment strategist of Community Capital Management, said: "CCM firmly believes that abundant investable opportunities will emerge from CGI America’s collaborative and inclusive process. 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."
CGI America brings together leaders in business, government, and civil society to generate and implement commitments to address economic recovery in the United States.
Today’s announcement builds upon this theme by using fixed income impact investments to help revitalize our nation’s communities and promote an environment for job growth, sustainability, and advancement.
Utilizing CCM’s proven model, its commitment includes a combination of leveraging new resources, collaborating among CGI America participants, and working with national, regional and local originators and intermediaries to source impact investment opportunities.
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