North Carolina Comm. Dev. Initiative Capital, Inc.

Raleigh NC


North Carolina Community Development Initiative Capital, Inc. (NCCDIC), a subsidiary of the North Carolina Community Development Initiative, was created to provide gap financing and technical assistance to community development corporations throughout the state of North Carolina.

CDFI Awards for North Carolina Comm. Dev. Initiative Capital, Inc.


CORE (2001) - $1,000,000

Financial assistance from the CDFI Fund will be used to expand NCCIDC"s lending activities including: financing affordable housing units in urban and rural NorthCarolina, development of commercial real estate and leveraging funds from private entities to reinvest inlow-wealth communities. NCCDIC will receive an award of $1,000,000 of which $500,000 is grant capital and $500,000 is loan.



SECA (1999) - $38,350

The technical assistance grant will be used to support a market assessment and program refinement; for board and staff training; to develop a resource strategy and business plan; and to purchase new technology.



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