We are excited to announce that Rosenberg Apartments is the winner of CCM’s Annual Impact Awards for 2019. This year’s Impact Awards featured five impactful bond investments made during the calendar year, with participants voting for their favorite investment story. We are extremely proud of all the investments in the contest and their multiple positive environmental and social outcomes.
“It is always extremely hard for us to narrow down our investments and share only five stories for the Impact Awards as all of our investments are deserving of being selected. We are excited to recognize and support Rosenberg Apartments as it embodies a number of our impact themes and aligns with our passion of improving the lives of families and communities in need.” – Alyssa Greenspan, President and COO of Community Capital Management
Sitting in the heart of downtown Santa Rosa, California, Rosenberg Apartments provides housing for low-income, developmentally disabled, and senior adults. All units are restricted to residents earning between 25% to 60% of area median income. Residents include elderly adults who are developmentally disabled, mentally ill and long-term chronically ill individuals, many of whom are at risk of homelessness. The property consists of six stories with 77 units and includes an 800 square foot community facility that residents and community partners can utilize.
Supportive services are provided to residents on-site and are tailored to individual resident needs and include services such as case management, counseling, home delivered meals, and socialization activities. These supportive services are provided through partnerships with local non-profit providers, including Oaks of Hebron and Buckelew Programs.
Congratulations, Rosenberg Apartments! We look forward to visiting the property in the new year and seeing first-hand their multiple community benefits. We will also be donating $10,000 to Rosenberg Apartments or a non-profit affiliate for being selected as this year’s winner.