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Case Study: How CCM Impact Investments Target Homelessness

November 2017 | Impact Investing

The National Alliance to End Homelessness reported that on a single night in January 2015, 564,708 people were experiencing homelessness—meaning they were sleeping outside, in an emergency shelter or in a transitional housing program. The good news is that since then, 33 states concentrated in the South and Midwest in addition to the District of Columbia (D.C.) reported decreases in overall homelessness. 

Issuing social impact bonds and other bonds oriented around housing initiatives, are ways that states and counties can work to combat homelessness. Institutional investors, family offices, and high net worth individuals can participate in these initiatives by partnering with firms like impact investment pioneer Community Capital Management (CCM) to implement a customized impact portfolio. These portfolios finance bonds for which the proceeds are designed to be used for positive, proactive results.

Below CCM shares an example of an investment geared toward ending homelessness.

CCM recently helped to finance Atlanta’s Homeless Opportunity Project where proceeds will finance the acquisition, renovation, installation, and equipment of supportive housing projects (including the leasing and rehabilitation of homeless shelters as well as construction and rehabilitation of various housing developments ranging in size from 75 to 125 units).

Over the next three years, this investment will:

  • Place 500 chronically homeless individuals in permanent supportive housing;
  • Secure housing for 300 homeless families who will be rapidly rehoused in permanent units;
  • Prevent 100 families from entering homelessness;
  • Create 264 new emergency shelter beds; and
  • Create 254 new housing interventions for homeless youth.

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*Source: Partners for Home

Other related news (see table above*)

  • Atlanta City Council approves funding for ClearPath, the five-year plan to make homelessness rare and brief

For more information or other examples of how CCM supports human empowerment in the U.S., you may reach out to our marketing team by emailing gbastos@ccminvests.com.

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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/.