About The Initiative 
The North Carolina Community Development Initiative is nationally recognized as a model public-private community economic development intermediary. We are dedicated to increasing assets and creating wealth for communities and individuals in low-resource communities. Since our founding in 1994, we have channeled more than $65 million to local Community Development Corporations, resulting in more than $358 million of completed local development projects.
Our leadership comes from a Chief Executive Officer and a 21-member Board of Directors made up of public officials, CDC leaders and representatives from the private sector. The Chairman of the Board of Directors is Richard M. Taylor, CEO of the North Carolina Academy of Trial Lawyers.
The Initiative provides annual core operational grants to 28 established, high-performing CDCs in rural areas, small towns and major cities across the state. We also provide project lending, strategic issue management and project development assistance to the CDC industry statewide. Foundations, government, corporations and others have invested in the Initiative and, through it, in the future of North Carolina. The Initiative leverages these investments and appropriations to attract millions of dollars of additional private sector investment.
Creating Assets and Wealth in Low-Resource Communities
The work of funded CDCs is making a difference: commercial real estate development, business and enterprise development, capital formation, affordable housing, and growth in local tax bases. Such improvements lead to enhanced lives that have become more productive, communities that are safer and more attractive, and children who have a better chance.
The results of our unique partnerships are evident:
- 4.4 million in new real estate taxes
- $289 million of new single-family mortgages
- 2,782 new single family homes
- 37,244 individuals provided with homeownership counseling
- 894,142 square feet of commercial real estate — office, retail and industrial