Initiative Capital, the Initiative’s lending arm, is a certified community development financial institution that has provided financial investments to community development corporations and other nonprofit housing and commercial developers in North Carolina since 1999.

Initiative Capital provides gap funding, permanent financing and flexible credit that enable organizations to develop housing, commercial and community facilities in low-resource areas and sustain their work through the income they earn on these projects.

These strategic investments aim to:

• Stimulate, coordinate, plan, improve, expand and encourage community development that benefits low- and moderate-income communities and individuals.
• Expand economic opportunities and improve the quality of life in low- and moderate-income communities.
• Provide financing for affordable housing, small business development, community facilities and economic opportunities.

Borrowers may be community development corporations (CDCs), nonprofit developers, social enterprises and entrepreneurs with projects that meet social/economic benefit tests. We do not make personal loans or speculative loans to for-profit developers.

Learn more about our loan products.

For more information, contact: Don Liles, (919) 835-6011.