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Raleigh Area Development Authority
Raleigh NCCDFI Awards for Raleigh Area Development Authority
TA (2008) - $99,035
Raleigh Area Development Authority (RADA) is an emerging CDFI in operation since 2006. RADA provides affordable commercial real estate loans and related training and services in Raleigh, NC, and the surrounding area of Wake County. RADA will use its FY08 Technical Assistance grant for: 1) staff training, 2) staff operating support, 3) renewing mortgage origination software, and 4) consulting services to improve its capacity to develop and manage a comprehensive set of lending and portfolio management policies.
TA (2006) - $100,000
The Raleigh Area Development Authority (RADA) is non-profit redevelopment authority created in 2005 to foster economic development in Raleigh, North Carolina and its surrounding area in Wake County. RADA administers a number of specialized revolving loan funds and provides tax credit brokering and equity investment services as well. RADA will use the 2006 TA grant of $100,000 to 1) hire a VP of Mortgage and Development Finance who will lead the organization"s lending and loan portfolio management operations, and 2) obtain upgraded loan origination and servicing software to enhance its ability to provide financing to a wide range of lower income customers.
Other Community Development Financial Institutions in North Carolina
CAHEC New Markets, LLC
Raleigh
Chatham-Lee Credit Union
Pittsboro
College Heights Credit Union
Fayetteville
Lumbee Tribe of North Carolina
Pembroke
MAY Coalition, Inc.
Spruce Pine
Metropolitan Community Credit Union
Washington
School Workers Federal Credit Union
CHARLOTTE
Self-Help Credit Union
Durham
Self-Help Ventures Fund
Durham
South East Community Credit Union
Wilmington
Tri County Credit Union
Ahoskie
Victory- Masonic Mutual Credit Union
Winston-Salem
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