David Sand Joins Community Capital Management As Chief Investment Strategist

FT. LAUDERDALE, Fla., April 16, 2013 /PRNewswire/ -- Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager and adviser to the CRA Qualified Investment Fund (Tickers: CRAIX/CRANX/CRATX), announced today that David Sand has joined the firm as Chief Investment Strategist.  He will primarily focus on business development and creating new products to meet the needs of existing and future clients.  Sand will open a new Boston office, enabling the firm to expand its presence in the northeast.  CCM currently has offices in Fort Lauderdale, FL and Charlotte, NC and manages approximately $1.9 billion in fixed income assets.

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Sand brings more than 30 years of investment management experience and is a trailblazer in the socially responsible/impact investing arena.  In 1994, Sand co-founded Access Capital Strategies and served as its president and chief investment officer from 1994 to 2010.  In this capacity, he pioneered the development of market-rate, fixed income impact investments for institutional investors and helped grow the Community Investment Fund to over $650 million in assets.  Access Capital Strategies was acquired by the U.S. investment management arm of the Royal Bank of Canada in 2008.

Most recently, he worked as a consultant to Community Development Financial Institutions (CDFIs), non-profits and social enterprises.  Before that, he served as chief investment officer of CDT Advisors, the investment management arm of the Community Development Trust, a for-profit CDFI based in New York.

Sand serves on the New York Advisory Board for Enterprise Community Partners and is a former board member of U.S. SIF: The Forum for Sustainable Investment. He received a bachelor's degree from Princeton University and a master's degree in public administration from Harvard University's John F. Kennedy School of Government.                                                                                     

"This is a natural fit for our organization and we are very excited to have someone with David's extensive experience joining our team," said David Downes, CEO of Community Capital Management.  "There is a tremendous amount of progression in impact investing and bringing David on board will allow us to further leverage this momentum and expand our product offerings in this growing space."

Commenting on his new position, Sand adds, "CCM is a well-established firm in the field of impact investing with exceptional investment capabilities. I have known the team for many years and now is a great time to be coming aboard."

About Community Capital Management, Inc. and the CRA Qualified Investment Fund

Community Capital Management, Inc., a Fort Lauderdale-based SEC-registered investment adviser, was founded in 1998 and specializes in managing fixed income impact investments.  The CRA Qualified Investment Fund was launched in 1999 and includes investments from financial institutions, foundations, religious organizations, family offices and other investors interested in its impact investing strategy. Community Capital Management manages approximately $1.9 billion in assets and offers institutional investors its investment strategy via a separate account or a mutual fund.  For more information, please visit Community Capital at www.ccmfixedincome.com and/or the CRA Qualified Investment Fund at www.crafund.com.

Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Investing involves risk including the loss of principal.  Bonds 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. 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.

SOURCE Community Capital Management, Inc.