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Spotlight: CCM Fixed Income Impact Investments Supporting Disaster Recovery Relief

Disaster Recovery With the 2017 Atlantic hurricane season upon us, we thought it would be a good time to highlight one of CCM’s seventeen impact investment themes: disaster recovery.

Investors who choose disaster recovery as an impact theme are supporting various community development activities in federally-designated disaster areas and disaster-prone areas to enable the recovery, prevention, or continuation of daily life associated with natural or human-induced disasters.

How does CCM invest in bonds that are helping disaster recovery efforts in the U.S.?  Let’s look at three examples below.

Harlem River Point North

Harlem River Point North is an affordable rental property with 173 units located in a moderate-income census tract in Harlem, New York. Of the 173 units, 137 are restricted to residents with incomes at or below 60% of area median income and 35 units are restricted to residents with incomes at or below 40% area median income.

The building gives preference for 43 units to qualified households displaced by Hurricane Sandy. The property is one of many city-subsidized affordable housing developments for income-eligible New Yorkers displaced from their homes by the Hurricane. Harlem River Point North meets the Enterprise Green Communities criteria, as well as the New York State Energy Research & Development Authority’s efficiency standards.

San Francisco Water System Improvement Program (WSIP)

WSIP.jpgThe WSIP is a $4.8 billion-dollar program that provides reliable, affordable, and high quality drinking water in an environmentally sustainable manner to 2.6 million people in the San Francisco Bay Area. It is one of the largest water infrastructure programs ever undertaken by the City of San Francisco. By strengthening water systems to endure potential damage from earthquakes and/or shortages from droughts, the WSIP serves an important role in disaster prevention.

Its objectives include:

  • Improve the system to provide high-quality water that reliably meets all current and foreseeable local, state, and federal requirements
  • Reduce vulnerability of the water system to damage from earthquakes
  • Increase system reliability to deliver water by providing the redundancy needed to accommodate outages
  • Provide improvements related to water supply/drought protection
  • Enhance sustainability through improvements that optimize protection of the natural and human environment

Salvation Army

The Salvation Army is an international religious and charitable organization which operates in the United States as four divisions: Adult Rehabilitation Centers, Care Group Services, Silvercrest Residences, and Emergency Disaster Services.

For almost 100 years, the Salvation Army disaster response teams, comprised of commissioned officers, trained employees, and volunteers, have provided services at disaster sites throughout the world. The Salvation Army relief staff and volunteers have provided response and recovery services, as well as provided food and shelter, basic commodities, reconstruction, counseling, and financial assistance at disaster sites to serve those in need.

Make an Impact

Disaster recovery is just one of CCM’s 17 impact themes.  Clients can choose to have their investments target a variety of other initiatives including, but not limited to, affordable health/rehab care, education/childcare, environmental sustainability, affordable housing, and neighborhood revitalization. CCM works with its clients to customize investments that meet their financial and impact investing goals.

To read more about supporting disaster recovery efforts through fixed income impact investments, including an interview with the Jon Bon Jovi (JBJ) Soul Foundation, download our quarterly newsletter.

 

CCM Webinar replay: Wednesday, September 27, 2017

 

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 A full list of regulatory disclosures for Community Capital Management, Inc. are available by visiting: https://www.ccminvests.com/regulatory-disclosures/.