This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CRA Qualified Investment Fund Bond Purchase Helps Finance Affordable Rental Property Designed Exclusively For Seniors

The bond that helped finance the project was a Fannie Mae Delegated and Underwriting Servicing (DUS) bond, purchased in part by the CRA Qualified Investment Fund, on behalf of one of its shareholders, Community Bank of Tri-County, headquartered in Waldorf, Maryland.

The CRA Fund was launched in 1999 as a vehicle to help banks meet the requirements of the Community Reinvestment Act (CRA).  The CRA, created in 1977, mandates that banks make capital available to the low- and moderate-income communities which they serve. Community Bank of Tri-County has been a shareholder in the Fund since 2006 and targets their CRA investments in the Fund to benefit community development in Charles, St. Mary's, and Calvert counties in Maryland.

"Community Bank of Tri-County is dedicated to helping the communities in which our clients and employees work and live," said Michael Middleton, Chief Executive Officer of Community Bank of Tri-County. "Lakeview at Victoria Park, designed exclusively for seniors, is a great example of a property that positively impacts the health and mobility of its residents while simultaneously offering first-class features."

"Baby boomers represent one of the largest population growths in U.S history and with the average life expectancy in 2012 reaching 78.5 years of age, the senior population continues to grow," said Barbara VanScoy, Chief Impact Investment Officer of the CRA Qualified Investment Fund. "Many of these citizens need an affordable place to call home; Lakeview at Victoria Park offers this plus an enhanced lifestyle that's one-of-a-kind."

About Community Capital Management and the CRA Qualified Investment Fund

Community Capital Management, Inc. is a Fort Lauderdale-based SEC-registered investment advisor.  The firm was founded in 1998 by Barbara VanScoy and Todd Cohen to provide fixed income investment services to institutional investors.  Its clients include public funds, foundations, financial institutions, faith-based investors, and mission-related investors.  The CRA Qualified Investment Fund was launched in 1999 and has grown to include investments from more than 325 banks/thrifts and other types of investors interested in its community development strategy.  For additional information, please visit www.ccmfixedincome.com or www.crafund.com

Investing involves risk including the loss of principal.  Bond and bond funds are subject to interest rate risk and will decline in value as interest rates rise.  The Fund is not diversified. Carefully consider the risks, investment objectives, charges and expenses of the Fund before investing. The prospectus contains this and other important information. Call 866-202-3573 for a prospectus. Please read the prospectus carefully before investing. As of 1/31/13, the bond financing Lakeview at Victoria Park represents 0.13% of the fund's assets. The CRA Qualified Investment Fund is distributed by SEI Investments Distribution Co. (SIDCO) which is not affiliated with Community Capital Management or any other affiliate.

About Community Bank of Tri-County

Community Bank of Tri-County is the oldest independent financial institution headquartered in Southern Maryland with eleven branches and over $975 million in assets.  Community Bank of Tri-County branches are conveniently located throughout Calvert, Charles and St. Mary's counties, in Maryland and in King George, Virginia.

SOURCE Community Capital Management, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs