Description
CCM BOND EXAMPLES WITH A FOCUS ON PLACE-BASED INVESTING
Target: Los Angeles County / Arbor Court Apartments
Arbor Court Apartments is a Low Income Housing Tax Credit property where 100% of
the 150 studio apartments are restricted to low- and very-low income elderly and
disabled residents. The loan to Arbor Court Apartments finances the acquisition and
rehabilitation of an underutilized commercial hotel into apartments. The project, located
in an historic redevelopment district of Lancaster, is part of the city’s effort to create a
social service “hub” for the community and will provide comprehensive on-site support
services at no cost to the residents.
The complex houses a 10,000 square foot adult day healthcare facility offering occupational therapy, speech therapy, and
several other options of rehabilitation. There is also a salon for low-cost haircuts, a 90-station touch screen computer
technology learning center, and nutritional meals offered by the Antelope Valley Committee on Aging.
Green features include solar panel technology which was funded in part through MASH, Multifamily Affordable Solar Housing, which provides solar incentives on qualifying existing multifamily affordable housing. MASH is part of the California Solar Initiative which is overseen by the California Public Utilities Commission. Target: Oregon and Clark County, WA / Oregon Convention Center The City of Portland is promoting neighborhood revitalization through the creation of urban renewal areas. Urban renewal is a state-authorized, redevelopment and finance program designed to help communities improve and redevelop areas that are physically deteriorated, suffering economic stagnation, unsafe or poorly planned.
Urban renewal is used as a tool to focus resources in blighted or underused areas to stimulate private investment and improve neighborhood livability. Financing was for capital projects in the Oregon Convention Center Urban Renewal Area. The Oregon Convention Center Urban Renewal Area was formed in 1989. It originally covered the Lloyd District neighborhood located in the southern portion of the Area and consisted of 509 acres.
The Plan was amended a few times since then and currently consists of 410 acres. Investment in the Lloyd District neighborhood has been focused on projects and programs that encourage the emergence of the Area as hub of the State’s tourism, convention, and entertainment industry and as a livable, 24-hour component of the downtown core. Some of the projects include commercial development, mixeduse housing and restoring on-street parking. FOR MORE INFORMATION ON CCM’S PLACE-BASED INVESTING, PLEASE CONTACT: Jamie Horwitz Director of Marketing jhorwitz@ccmfixedincome.com 877-272-1977 Community Capital Management, Inc.
is a Florida-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The securities identified and described herein are current holdings and for illustrative purposes. Their selection was based upon nonperformance criteria, such as the security’s social and/or environmental attributes.
Impact figures mentioned in this report are approximate values. Past performance does not guarantee future results. Market conditions can vary widely over time and can result in a loss of portfolio value. Community Capital Management Place-Based Investing Overview p2 .
Green features include solar panel technology which was funded in part through MASH, Multifamily Affordable Solar Housing, which provides solar incentives on qualifying existing multifamily affordable housing. MASH is part of the California Solar Initiative which is overseen by the California Public Utilities Commission. Target: Oregon and Clark County, WA / Oregon Convention Center The City of Portland is promoting neighborhood revitalization through the creation of urban renewal areas. Urban renewal is a state-authorized, redevelopment and finance program designed to help communities improve and redevelop areas that are physically deteriorated, suffering economic stagnation, unsafe or poorly planned.
Urban renewal is used as a tool to focus resources in blighted or underused areas to stimulate private investment and improve neighborhood livability. Financing was for capital projects in the Oregon Convention Center Urban Renewal Area. The Oregon Convention Center Urban Renewal Area was formed in 1989. It originally covered the Lloyd District neighborhood located in the southern portion of the Area and consisted of 509 acres.
The Plan was amended a few times since then and currently consists of 410 acres. Investment in the Lloyd District neighborhood has been focused on projects and programs that encourage the emergence of the Area as hub of the State’s tourism, convention, and entertainment industry and as a livable, 24-hour component of the downtown core. Some of the projects include commercial development, mixeduse housing and restoring on-street parking. FOR MORE INFORMATION ON CCM’S PLACE-BASED INVESTING, PLEASE CONTACT: Jamie Horwitz Director of Marketing jhorwitz@ccmfixedincome.com 877-272-1977 Community Capital Management, Inc.
is a Florida-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The securities identified and described herein are current holdings and for illustrative purposes. Their selection was based upon nonperformance criteria, such as the security’s social and/or environmental attributes.
Impact figures mentioned in this report are approximate values. Past performance does not guarantee future results. Market conditions can vary widely over time and can result in a loss of portfolio value. Community Capital Management Place-Based Investing Overview p2 .
