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Market-Rate Fixed Income Securities Support Affordable Housing, Healthcare, Economic Development, Home Ownership & Job Creation in California FORT LAUDERDALE , Fla. (Business Wire EON/PRWEB ) December 7, 2007 -- Community Capital Management (formerly CRAFund Advisors), one of the nation’s largest managers of fixed income community investments, announced today that it has purchased more than $200 million worth of bonds that finance economic and community development in California.
Since 1999, Community Capital’s $235 million of fixed income investments on behalf of its clients in the State have enabled the approximate funding of $33 million in community and economic development; $26 million in statewide housing and down-payment assistance; $15 million in job training and job creation initiatives; 300 mortgages for low- and moderate-income families; and 7,400 affordable rental housing units.(a)
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