capital-logo-tagInitiative Capital, the NC Community Development Initiative’s lending arm, is a certified Community Development Financial Institution (CDFI) that provides strategic lending and investment for community economic developers and businesses that create jobs, promote economic growth and facilitate the development of affordable housing and community revitalization, particularly in low-resource areas of the state.

Initiative Capital’s parent, the Initiative, was founded in 1993 to create a unique system of financial, technical and peer support for high-performing community based organizations and social enterprises across the state, focused on affordable housing, job creation and asset preservation. Initiative Capital, established in 1999,  is its lending/investment arm as well as a critical source for its operating sustainability.  Collectively, the Initiative and Initiative Capital have invested more than $73 million in community-based developments that create economic opportunity in the state’s most distressed communities.

More than half of the borrowers of Initiative Capital are African American entrepreneurs or African American-led organizations, and many of them are located in or serve rural communities.

In 2015, the Initiative and Initiative Capital joined in a strategic alliance with the NC Housing Coalition. These three statewide organizations now work collectively to lead the work of the CED sector in North Carolina through a combination of capacity building, policy advocacy, and financing.  In addition to providing a new model for accelerating community change across NC, this collaborative promotes long-term sustainability by creating significant operating efficiencies. Since 2015, the expanded resources and networks created by the Collaborative have presented a number of unique opportunities for community investment for Initiative Capital.

Initiative Capital is positioned for a period of rapid growth and impact.  In 2016 we originated more than $4.4 million in new loans that will expand access to affordable housing, promote community revitalization, help a neighborhood guard against gentrification, and demonstrate new models of creative development finance.  2017 promises to be even more impactful. Tara Campbell has joined the staff as our new Sr VP, Lending and Investments, and will manage continued growth for for the CDFI, including a new $1 million grant through the Uplift America program to expand community facilities lending activities in rural communities.

Initiave Capital currently offers two portfolios of loan products. For more information on our general affordable housing, community development and enterprise funding loan products click here.

For information or to apply for disaster relief funding available to developers, rental property owners, and small business owners, please click here.

Many thanks to our sponsors

BB&T Oak Foundation Z Smith Reynolds Foundation Wells Fargo Triangle Community Foundation PNC Suntrust Kate B Reynolds Charitable Trust NeighborWorks America