Community Capital Management

Community Capital Management

CCM was founded in 1998 by Barbara VanScoy, who built the firm around the thesis that institutional bond portfolios could achieve market-rate returns while financing measurable, place-based social and environmental outcomes. The firm is headquartered in Fort Lauderdale with an additional office in Boston. CCM operates as a registered investment adviser, not a family office, despite an early Altss classification artifact — its ownership structure is independent, and it serves a diverse base of institutional and individual investors. The firm's strategy centers on investment-grade fixed income, with a portfolio allocation historically weighted toward mortgage-backed securities and US government agency debt that carry an explicit community purpose. Asset-class exposure spans agency MBS, municipal bonds, CRA-qualifying investments, and public equities through its separately managed account and model-delivery capabilities. CCM structures offerings through mutual funds — notably the CRA Qualified Investment Fund — and customized separate accounts. Its capital touches affordable housing (via pools of Fannie Mae, Freddie Mac, and Ginnie Mae loans to low- and moderate-income borrowers), environmental sustainability (green bond mandates aligned with ICMA principles), and enterprise development (lending to women- and minority-owned businesses). The geographic footprint covers all 50 US states and US territories. CCM has deployed over $4 billion cumulatively since inception into impact themes tracked through its own geospatial impact reporting platform, which provides allocators with loan-level mapping of financed activities. The firm measures impact across 12 themes — among them affordable rental and homeownership housing, small business lending, healthcare facility financing, and renewable energy infrastructure. Recent operational steps include the 2023 rebranding of its mutual fund complex and the continued refinement of its proprietary impact-reporting analytics suite that gives institutional clients loan-level transparency into their allocations (per the firm's official communications). CCM's structural differentiator is its position at the intersection of a conventional, credit-research-first fixed-income shop and a federally certified Community Development Financial Institution (CDFI) through its affiliated entity. This hybrid architecture allows CCM to source, diligence, and report on impact securities with the same rigor a bank trust department applies to credit — an unusual combination in a market where impact managers often lean mission-first and credit-second. The firm's succession from founder Barbara VanScoy to CEO David Sand and President Alyssa Greenspan has preserved this dual-mandate discipline without pivoting into private-markets impact strategies, keeping the vehicle definitionally liquid and investment-grade.