Our lending consortium was established by the North Carolina Bankers Association in 1990 as CICNC (Community Investment Corporation of North Carolina) in response to a statewide shortage of quality affordable housing. For more than a quarter-century, we have expanded our reach across the Southeast. Working in partnership with affordable housing developers and banks of all sizes, we have funded over $300 million in loans for more than 340 properties in five states, totaling approximately 20,000 units for low-to moderate-income working families and seniors.
As a mission-driven lender, we believe that communities are strengthened by creative partnerships and strategic investments that promote safety, stability, dignity and opportunity for citizens. In addition to providing quality housing, many of the properties we finance offer residents a variety of life-enhancing benefits such as computer learning centers, after-school programs for children, senior exercise centers and job training opportunities.