The North Carolina Community Development Initiative, Inc.
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The North Carolina Community
Development Initiative, Inc.

2209 Century Drive 2nd Floor
Raleigh, NC 27612
P: (919) 828-5655
F: (919) 834-8018
info@ncinitiative.org
www.ncinitiative.org

MAILING ADDRESS
P.O. Box 98148
Raleigh, NC 27624


About Us

A Public-Private Partnership for Community
Economic Development

The North Carolina Community Development Initiative is nationally recognized as a model public-private community economic development intermediary dedicated to increasing assets and creating wealth for communities and individuals in low-resource communities. A Chief Executive Officer and 21-member Board of Directors, including representatives from the private sector, public officials, and CDC leaders that provide leadership. The Chairman of the Board of Directors is Ronald J. Leeper, a corporate and civic leader in Charlotte.


The Initiative provides annual core operational grants to 21 established, high-performing CDCs in rural areas, small towns and major cities, 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-not to mention improved lives that have become more productive, communities that are safer and more attractive, and children who have a better chance. Since our founding in 1994, the North Carolina Community Development Initiative has channeled more than $43 million to local Community Development Corporations, resulting in more than $251 million of completed local development projects.

The results of this unique partnership are evident:

  •  $3.9 million in new real estate taxes
  •  $75.4 million of new single family mortgages
  •  1,802 new single family homes
  •  4,906 full time jobs created
  •  490,393 square feet of commercial - office, retail and industrial - real estate

Programs that Make a Difference

Our mission is to enable the local CDCs not only to make a difference in economic development, capital formation, affordable housing, and growth in local tax bases - but improved lives that have become more productive, communities that are safer and more attractive, and children who have a better chance.

Our programs include annual core operational grants to high-performing CDCs in rural areas, small towns, and major cities; project lending through our lending subsidiary; North Carolina Community Development Initiative Capital, Inc; as well as strategic issue management and project development assistance to the CDC industry statewide.