The N.C. Community Development Initiative strategically invests funds provided by government and nonprofit organizations in high-impact community organizations across North Carolina that promote economic growth in the state’s poorest and most distressed communities.

Initiative Capital, the 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.

Loan Products

Permanent Financing

Loans for multi-family residential and owner-occupied commercial real estate development.

Bridge Financing

Interim financing for multi-family and residential development with firm takeout.

Construction Financing

Loans for community and economic development purposes, including affordable housing.

Business Financing

Loans for small business growth and expansion or businesses creating jobs in low- and moderate-income geographies.

Rehab & Neighborhood Stabilization

The Initiative offers loans through the federal Neighborhood Stabilization Program (NSP) to rehabilitate foreclosed properties that are sold at affordable prices to low-income individuals and families. NSP loans are revolving lines of credit that may be continually reinvested in local communities. Green building and energy efficiency are priorities for the Initiative’s NSP investments. For more information, contact Don Liles, (919) 835-6011.