N.C. Initiative announces $1.9 million in grants for 2012

N.C. Initiative announces $1.9 million in grants for 2012
JAN. 31, 2012 — The N.C. Community Development Initiative will award $1.94 million in grants to 27 N.C. organizations during 2012 to catalyze economic growth in the state’s poorest and most distressed areas.
“These investments flow directly to local community organizations that are creating green, affordable homes, vibrant commercial areas and safe spaces for children, counseling entrepreneurs and business owners, and teaching working families how to save and join the financial mainstream,” Initiative CEO Abdul Rasheed said.
“By promoting economic growth and prosperity in our state’s most resource-constrained communities, the state’s community economic development sector helps strengthen our economy overall,” Rasheed said.
Recipients of 2012 Initiative grants are:
Brick Capital Community Development Corporation, Sanford
Cape Fear Regional Community Development Corporation, Wilmington
Center for Economic Empowerment and Development, Fayetteville
Cleveland County Community Development Corporation, Shelby
Community Housing Development Corporation of Mooresville/South Iredell, Mooresville
Davidson Housing Coalition, Davidson
Durham Community Land Trustees, Durham
East Carolina Community Development Inc., Beaufort
EmPOWERment Inc., Chapel Hill
Goler Community Development Corporation, Winston-Salem
Housing Assistance Corporation, Hendersonville
HandMade in America, Asheville
Kingdom Community Development Corporation, Fayetteville
Lexington Housing Community Development Corporation, Lexington
Liberty Community Development Corporation, Winston-Salem
Monroe-Union County Community Development Corporation, Monroe
Mountain Housing Opportunities, Asheville
Northeastern Community Development Corporation, Camden/Elizabeth City
Outer Banks Community Development Corporation, Kill Devil Hills
Passage Home, Raleigh
Prosperity Unlimited, Kannapolis
Rebuilding Broken Places Community Development Corporation, Goldsboro
Robeson County Community Development Corporation, Rowland
Rocky Mount/Edgecombe Community Development Corporation, Rocky Mount
UDI Community Development Corporation, Durham
Unity Builders, High Point
Wilson Community Improvement Association, Wilson
The Initiative’s annual grant program competitively awards funding for day-to-day operations as well as special projects of nonprofit organizations that focus on low-income and underserved community economic development.
A pioneer in the core grant concept, the Initiative has provided such grants continuously to community development organizations for the past 19 years. Core operating grants of up to $100,000 provide a stable funding source so grantee organizations can focus more of their resources on local community development projects. Targeted Investment Fund grants of up to $40,000 help organizations pursue projects that demonstrate new approaches to community economic development or generate revenue to become self-sustaining.
The grant program is made possible in part by financial support provided by the state of North Carolina, Z. Smith Reynolds Foundation and other public and private investors.
The N.C. Community Development Initiative leads North Carolina’s collaborative community economic development effort, driving innovation, investment and action to create prosperous, sustainable communities. For more information, visit www.ncinitiative.org or call (919) 828-5655.

JAN. 31, 2012 — The N.C. Community Development Initiative will award $1.94 million in grants to 27 N.C. organizations during 2012 to catalyze economic growth in the state’s poorest and most distressed areas.

“These investments flow directly to local community organizations that are creating green, affordable homes, vibrant commercial areas and safe spaces for children, counseling entrepreneurs and business owners, and teaching working families how to save and join the financial mainstream,” Initiative CEO Abdul Rasheed said. 

“By promoting economic growth and prosperity in our state’s most resource-constrained communities, the state’s community economic development sector helps strengthen our economy overall,” Rasheed said.

Recipients of 2012 Initiative grants are: 

  • Brick Capital Community Development Corporation, Sanford
  • Cape Fear Regional Community Development Corporation, Wilmington
  • Center for Economic Empowerment and Development, Fayetteville
  • Cleveland County Community Development Corporation, Shelby
  • Community Housing Development Corporation of Mooresville/South Iredell, Mooresville
  • Davidson Housing Coalition, Davidson
  • Durham Community Land Trustees, Durham
  • East Carolina Community Development Inc., Beaufort
  • EmPOWERment Inc., Chapel Hill
  • Goler Community Development Corporation, Winston-Salem
  • Housing Assistance Corporation, Hendersonville
  • HandMade in America, Asheville
  • Kingdom Community Development Corporation, Fayetteville
  • Lexington Housing Community Development Corporation, Lexington
  • Liberty Community Development Corporation, Winston-Salem
  • Monroe-Union County Community Development Corporation, Monroe
  • Mountain Housing Opportunities, Asheville
  • Northeastern Community Development Corporation, Camden/Elizabeth City
  • Outer Banks Community Development Corporation, Kill Devil Hills
  • Passage Home, RaleighProsperity Unlimited, Kannapolis
  • Rebuilding Broken Places Community Development Corporation, Goldsboro
  • Robeson County Community Development Corporation, Rowland
  • Rocky Mount/Edgecombe Community Development Corporation, Rocky Mount
  • UDI Community Development Corporation, Durham
  • Unity Builders, High Point
  • Wilson Community Improvement Association, Wilson

The Initiative’s annual grant program competitively awards funding for day-to-day operations as well as special projects of nonprofit organizations that focus on low-income and underserved community economic development. 

A pioneer in the core grant concept, the Initiative has provided such grants continuously to community development organizations for the past 19 years. Core operating grants of up to $100,000 provide a stable funding source so grantee organizations can focus more of their resources on local community development projects. Targeted Investment Fund grants of up to $40,000 help organizations pursue projects that demonstrate new approaches to community economic development or generate revenue to become self-sustaining.

The grant program is made possible in part by financial support provided by the state of North Carolina, Z. Smith Reynolds Foundation and other public and private investors.

The N.C. Community Development Initiative leads North Carolina’s collaborative community economic development effort, driving innovation, investment and action to create prosperous, sustainable communities. For more information, visit www.ncinitiative.org or call (919) 828-5655.

Many thanks to our sponsors

BB&T Oak Foundation Z Smith Reynolds Foundation Wells Fargo PNC Suntrust Kate B Reynolds Charitable Trust Local First Bank Fifth Third Bank First Tennessee Bank