Partnerships
Matter.

HOW CAN WE PARTNER WITH YOU?

We connect affordable housing developers with the financial resources of the banking industry, enhancing communities and enriching lives across six Southeastern states.

PARTNERING WITH

DEVELOPERS

Since its establishment in 1990, Centrant Community Capital has enjoyed working with a talented and dedicated network of affordable housing developers. These partnerships have allowed Centrant to support the development of nearly 23,000 units in more than 400 properties across the Southeast.

It’s always a privilege to be selected as a funding partner, and our goal is to be the easiest step in the development process. Our sole focus on providing permanent debt solutions allows us to offer a streamlined, responsive pathway to loan approval and closing.

PROJECT HIGHLIGHT

Baxter Street Flats, Charlotte, NC
Developer: Laurel Street Residential

Baxter Street Flats is a new, 30-unit multifamily project located in Charlotte, NC, providing a mix of one-, two- and three-bedroom units to households earning 60% or less of area median income. The development is located in the Cherry community, which is one of Charlotte’s most historic neighborhoods and oldest African American communities.

Centrant Community Capital provided an $860,000 mortgage loan to help meet the project’s permanent financing needs. The loan is structured as an 18-year term with a 35-year amortization, at a fixed rate of 5.50%. Funding commitments for the loan were provided by twenty Centrant member banks.

HEAR FROM A DEVELOPER

Mountain Housing Opportunities has had a great experience working with Centrant on permanent financing for our community development and affordable housing complexes. Centrant is easy to work with, staff are knowledgeable, professional, and have a “can-do” attitude. Requests for information are generally answered with one business day, and responses are thorough and detailed. We cannot say enough about how happy we are to be working with Centrant, and we would highly recommend them to any affordable housing or community development organization.

Cindy Visnich Weeks
Vice President & Director of Community Investment
Mountain Housing Opportunities, Inc.

PARTNERING WITH

MEMBER BANKS

Centrant Community Capital was created to support the regulatory and business needs of our member banks – while simultaneously benefitting the communities that they serve.

By participating in Centrant’s permanent mortgage loans, member banks receive CRA lending test credit on an asset that also provides an attractive yield – along with the assurance of working with a trusted partner with a nearly 30-year track record of success.

THREE NEW BANK MEMBERS

Even as the banking industry continues its steady trend toward consolidation through mergers and acquisitions, Centrant was excited to welcome three new member banks in 2019.

By joining Centrant’s lending consortium, these institutions have expanded the pool of funding capital available to finance quality affordable housing across Centrant’s lending footprint:

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Benchmark-Bank-Logo-Color@2x
Renasant Bank@2x

HEAR FROM OUR MEMBERS

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2019 IN REVIEW

December marked the conclusion of Centrant’s 29th year of operation – a long legacy of affordable housing finance that began when the North Carolina Bankers Association incorporated its new, wholly-owned subsidiary known as “CICNC” on December 19, 1990.

As we begin our 30th year of service to the banking and affordable housing industries, I’m particularly grateful for the partnerships that make our work possible. Thank you for your trust in Centrant.

Look at what we accomplished together:

2019 IMPACT

In 2019, we surpassed $346 million in closed loans and over 20,000 units financed. We finished the year with a pipeline of $62.8 million in active loan commitments, which will help to bring another 2,500 affordable housing units to market upon closing.

For the 7th straight year – and for 10 of the past 11 years – we’ve exceeded $20 million in new loan commitments. This year’s pool included our 320th loan commitment in North Carolina – as well as our first loan commitment in Texas.

2019-1
0

new loan
commitments issued,
totaling $25 million

2019-2
$
0

million in total
development costs leveraged
via new loan commitments

2019-3
0

loans closed,
totaling
$16 million

2019-4
0

new member
banks in
2019

CUMULATIVE IMPACT

Impact-1

$346M

in loan originations
since 1990

Impact-2

$62M

in outstanding loan
commitments

Impact-3

$212M

active loan servicing
portfolio

Impact-4

418

total projects
financed

Impact-5

22,803

affordable units
created or preserved

Impact-6

93

member
banks

STATE-BY-STATE IMPACT

nc

$300.8M

320 loans
17,677 units

sc

$89M

81 loans
4,090 units

tenn

$2.3M

3 loans
136 units

va

$5.3M

5 loans
247 units

ga

$9M

8 loans
593 units

tx

$2.3M

1 loans
60 units

We are actively servicing

$212 million

in loan products

PEOPLE MAKE PARTNERSHIPS POSSIBLE

The staff of Centrant Community Capital brings over a century of cumulative professional experience in banking, real estate and affordable housing to each transaction. More importantly, the team brings a genuine passion for service to our members and partners, and pride in the role that we play to support community development in the markets that we serve together.

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David has more than 20 years of experience in banking, affordable housing finance and community development. He joined the organization in 2012 as Marketing Director, and assumed the role of Executive Vice President in 2014.

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DAVID R. BENNETT
EXECUTIVE VICE PRESIDENT

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Rocky joined Centrant Community Capital in April 2018 in the newly-created role of Senior Vice President – Credit & Lending.

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ROCKY HERRING
SENIOR VICE PRESIDENT
CREDIT & LENDING

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John brings a broad and valuable depth of experience from more than 13 years of experience in the affordable housing industry. His previous experience includes several years as a staff attorney supporting the acquisitions group of a national tax credit equity syndicator.

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JOHN BOCCIARDI
VICE PRESIDENT
ASSET MANAGEMENT

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Vikki has almost 20 years of experience in the affordable housing industry. She joined the organization in 2015 as a Portfolio Analyst and is primarily responsible for on-going financial analysis, annual audit reviews and site inspections for loans in our portfolio.

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VIKKI CONLEY IKARD
PORTFOLIO ANALYST

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Shellie serves as Servicing and Closing Manager for Centrant Community Capital. Shellie joined the organization in 2005 as an administrative assistant and assumed the role of Servicing and Closing Manager in 2007.

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SHELLIE LEMPERT
SERVICING & CLOSING MANAGER

BOARD OF DIRECTORS

Centrant Community Capital operates under the guidance of an experienced and dedicated Board of Directors. Board members represent the business, credit, community development and geographic interests of our member banks and provide critical feedback to ensure that Centrant is meeting the dual mandate of its mission: leveraging the resources of the banking industry to finance affordable multifamily housing in a safe and profitable manner.

CHAIRMAN

Mr. Stephen Dixon
Senior Vice President & CRA Officer
Bank of Tennessee
Johnson City, TN

VICE CHAIR

Mr. Jim Fielding
EVP & Senior Credit Officer
TowneBank
Raleigh, NC

Mr. Laurence S. Bolchoz, Jr.
President & CEO
Coastal Carolina National Bank
Myrtle Beach, SC

Mr. Scott Goodwin
Senior Vice President
First Citizens Bank
Raleigh, NC

Ms. Ruth Johnson
EVP & Chief Credit Officer
LifeStore Bank
West Jefferson, NC

Mr. Christopher Robbins
Senior Vice President
CresCom Bank
Greenville, NC

Mr. Allan Carter
President & CEO
Kingstree Federal Savings
Kingstree, SC

Mr. Peter Gwaltney
President & CEO
North Carolina Bankers Association
Raleigh, NC

Mr. Michael Kerr
Chief Credit Officer
First Federal Bank
Dunn, NC

Mr. Ted Whitehurst
President & CEO
Providence Bank
Rocky Mount, NC

Mr. Scott Farmer
Executive Director
North Carolina Housing Finance Agency
Raleigh, NC

Mr. Edward McKelvey
Senior Vice President & CRA
Officer South State Bank
Charleston, SC

PARTNERING WITH

THOUGHT LEADERS

For over a decade Centrant Community Capital has been honored to co-host Housing Works!, the North Carolina Affordable Housing Conference with our industry partners, the North Carolina Housing Coalition and the North Carolina Housing Finance Agency.

In 2019, the conference surpassed a new milestone, welcoming more than 1,000 registered attendees from twenty-two states. The strong partnership between Centrant, NCHFA and NCHC, as well as the broad yet complementary reach of our various missions, is the primary reason that the North Carolina Housing Conference has grown over the years.

We could not have accomplished these results without the bankers and developers who bring affordable housing to life. Thank you for the vital role you play in our work.