National Institute Economic Development

About National Institute Economic Development

National Institute Economic Development (formerly N.C. Community Development Initiative) leads North Carolina's collaborative community economic development effort, driving innovation, investment and action to create prosperous, sustainable communities. The N.C. Community Development Initiative Capital, Inc. ("Initiative Capital"), our subsidiary, certified in 1999 by the CDFI Fund of the U.S. Department of the Treasury, stands apart among CDFIs for its comprehensive reach, primarily serving all of North Carolina.

Initiative Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs), small businesses and social entrepreneurs to provide the financing needed to revitalize and transform low-wealth communities through affordable housing, community development and entrepreneurship.