October 25, 2014


N.C. Community Development Initiative invests in nonprofits across the state

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News Release

RALEIGH - The N.C. Community Development Initiative will invest $5.85 million in 28 N.C. nonprofits over the next three years to spark economic growth and job creation in some of the state's most distressed areas.

"These grants will flow directly to organizations that are creating vibrant commercial areas, green, affordable homes and safe spaces for children, counseling entrepreneurs and business owners, and teaching working families how to save and join the financial mainstream," Initiative CEO Abdul Rasheed said in announcing recipients of two new grant programs. "By revitalizing our state's most resource-constrained communities, the community economic development sector helps strengthen North Carolina's economy overall."

The Initiative's latest grants come from two new programs: Community Enterprise Fund and Capacity Building Grants. They are made possible with financial support from the state of North Carolina, Z. Smith Reynolds Foundation, BB&T Corp. and other public and private organizations.

The Community Enterprise Fund program will award three-year grants ranging from $210,000-$300,000 to help 19 nonprofit organizations implement strategic economic development plans in their communities. Here are the organizations selected to receive those grants, listed by location.

Asheville

  • Appalachian Sustainable Agriculture Project
  • Eagle Market Streets Development Corp.
  • Green Opportunities
  • Mountain Housing Opportunities

Beaufort

  • East Carolina Community Development Inc.

Chapel Hill

  • EmPOWERment Inc.

Charlotte

  • Center for Applied Leadership and Community Development at Johnson C. Smith University

Durham

  • Durham Community Land Trustees Inc.

Fayetteville

  • Kingdom Community Development Corp.

Hendersonville

  • Housing Assistance Corp.

Kannapolis

  • Prosperity Unlimited Inc.

Kill Devil Hills

  • Outer Banks Community Development Corp.

Lexington

  • Lexington Housing Community Development Corp.

Monroe

  • Monroe-Union County Community Development Corp.

Raleigh

  • Passage Home Inc.

Rocky Mount

  • Rocky Mount/Edgecombe Community Development Corp.

Sanford

  • Brick Capital Community Development Corp.

Shelby

  • Cleveland County Community Development Corp.

Winston-Salem

  • Goler Community Development Corp.

The Initiative will award one-year, $40,000 Capacity Building Grants to help nine organizations strengthen their operations for greater impact. The organizations, by location, are:

Asheville

  • HandMade in America

Camden/Elizabeth City

  • Northeastern Community Development Corp.

Davidson

  • Davidson Housing Coalition

Durham

  • UDI Community Development Corp.

Goldsboro

  • Rebuilding Broken Places Community Development Corp.

Mooresville

  • Community Housing Development Corp. of Mooresville/South Iredell

Pembroke

  • Robeson County Community Development Corp.

Wilmington

  • Cape Fear Regional Community Development Corp.

Winston-Salem

  • Liberty Community Development Corp.

For more information on the Initiative's grant programs, contact Millie Brobston, program officer for grant investments, at (919) 835-6000 or mbrobston@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.

 

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