New Brunswick, NJ (April 20, 2017) – New Jersey Community Capital (NJCC) announced today that it has received from the Aeris information service a three-star impact performance rating with Policy Plus and an A+ financial strength and performance rating. Aeris provides comprehensive, third-party assessments of a community investment fund’s financial strength and performance and impact.
“NJCC’s increased Aeris rating represents our growth and continued commitment to providing quality, affordable financing products to help New Jersey communities thrive,” said Wayne T. Meyer, president of NJCC. “This rating is a testament to our hard work and dedication to responsibly using resources and funds to strengthen our communities.”
A wide range of investors—including banks, foundations, fund managers, and others—rely on Aeris ratings to identify and evaluate community investment opportunities that meet their impact goals and risk parameters. Aeris has issued more than 600 ratings opinions since 2004.
The rigorous Aeris ratings process is widely seen as demonstrating an impact institution’s commitment to transparency and accountability, with regard to its financial performance and impact in the community. The rating encompasses two main components: (1) an Impact Performance Rating, which measures how well an institution does what it says it’s trying to do; (2) a Financial Strength and Performance Rating, which assesses overall creditworthiness.
More information is available here: http://www.aerisinsight.com/who/about-aeris-ratings/.
As an Aeris-rated institution, NJCC is also included in the Aeris Cloud, the only source of real-time financial and impact performance data on community investment funds. The Aeris Cloud was created to give investors access to Wall Street-quality data on community investment funds such as NJCC.
To learn more about investing in NJCC, contact Doris Harris at email@example.com.
About New Jersey Community Capital (NJCC)
NJCC is a nonprofit community development financial institution (CDFI) that transforms at-risk communities through strategic investments of capital and knowledge. NJCC invests in affordable housing, community facilities, and economic development ventures that strengthen neighborhoods, improve education, and increase jobs, ultimately providing greater opportunities for low-income populations. Since inception, NJCC has facilitated the investment of over $570 million into over 800 high-impact projects across the state, supporting the creation and preservation of 13,800 education seats, 9,700 housing units, 6,900 early care slots, and 9,200 jobs. For more information, please visit www.newjerseycommunitycapital.org.
Aeris guides capital to good. Since 2004, the nation’s leading community investors have used Aeris’ data and ratings to support their community investing. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more. Its proprietary ratings help investors evaluate opportunities that meet their impact goals and risk parameters. Learn more at www.aerisinsight.com.