Veteran community reinvestment banker Kevin Harris has been tapped to serve as president of Initiative Capital, the lending arm of the N.C. Community Development Initiative.
Initiative Capital is a certified community development financial institution that provides strategic lending and investment for community economic development that creates jobs, promotes economic growth and facilitates the development of affordable housing and community revitalization in low-resource areas.
“Initiative Capital is in a unique position to identify opportunities for credit and investing that strengthen and revitalize our state’s low-income communities and facilitate overall community and economic development,” said Harris. “I look forward to collaborating with partners across the state to provide financing and make smart investments that help our hardest-hit communities get on solid economic footing and help North Carolina recover from the devastating recession.”
Harris will lead Initiative Capital’s strategy, loan portfolio management and development of new products and partnerships to leverage its investments and increase impact in low-income communities. He brings 30 years of banking, credit and finance experience, including 16 years of experience with community development lending, investment and Community Reinvestment Act (CRA) programs. Most recently, he served as director of CRA and community development for RBC Bank, where he developed and coordinated strategies to achieve the bank’s outreach, lending and investment efforts.
For more information, contact Harris at (919) 835-6004 or kharris@ncinitiative.org.
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.