Program Summary:
The North Carolina Community Development Initiative (NCCDI) works to strengthen the capacity, impact, and sustainability of community economic development in "low-resource" communities as practiced by community development corporations. It also encourages all CDCs to develop their organizational capacity and productivity in the areas of affordable housing, commercial real estate development, and business and enterprise development. It provides grants, loans (through a subsidiary - North Carolina Community Development Initiative Capital, Inc.), research and training, advocacy, and technical assistance. Core operating grants it provides of up to $150,000 to high-performing CDCs are used for capacity-building purposes related to staffing, rent, technology, audits, training, and more. Other grants of up to $50,000 are available to help turn around groups that have lost their competitive edge, or to help a CDC advance projects that increase the organization's asset base or earned income.
Technical assistance in Strategic Issue Management and Project Development is offered to the community economic development industry statewide at no cost. Specialized "hands-on" technical assistance covers a range of topics including administrative and fiscal management, project development, and organizational development. NCCDI also partners with St. Augustine's College on an undergraduate degree program in community economic development and a skill based professional certification program called Pathways to Professional Excellence.
NCCDI serves as a technical assistance provider to local government, and the banking and foundation communities. It manages the Charlotte Neighborhood Fund for the City, using federal Community Development Block Grant dollars, and it managed redevelopment in a region destroyed by flood, receiving $12.5 million that was re-granted to nonprofit housing developers to rebuild affordable housing in eastern North Carolina. Additionally, sometimes the organization is called upon by foundations or banks to assist with projects they have invested in that are experiencing problems.
In partnership with others, NCCDI may raise dollars for a project that strengthens the overall infrastructure for community development across the state. For example, it partnered with a foundation to assess technical assistance services available to CDCs statewide. It is a frequent partner with other intermediaries, other state-wide organizations, foundations such as the Z. Smith Reynolds Foundation and the Enterprise Foundation, and Local Initiatives Support Corporation.
Annual assessments are done on the 25-30 groups NCCDI funds at any given time. The organization has had two independent assessments of impact, one in 2000 following 5 years of operations, and a 10-year assessment in 2005. This most recent one looked at production and economic impact. The 5-year assessment involved an interview process that compared NCCDI to other intermediaries doing similar work in the Northeast. It is anticipated that some type of external evaluation will be done every 5 years in the future.
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Address:
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P.O. Box 98148
Raleigh, NC 27624
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