Final Phase of ‘Purpose Built Community’ Opens in Southeast Raleigh

By Staff

April 25, 2024

Project Culminates Neighborhood’s Broad Plan to Bring Small Business, Health Care, Financial Services, Healthy Foods and More to an Underserved and Emerging Community to Create Pathways to a Better Future

Raleigh, NC | April 26, 2024 ─ Southeast Raleigh Promise, the YMCA of the Triangle and Self-Help welcomes you to the grand opening of Beacon Point, a 'purpose built community' in Southeast Raleigh that brings together education, wellness, housing, and commercial goods and services to support the community.

The event marks the grand opening of the final phase of a first of its kind project in North Carolina, one that includes affordable housing, an elementary school, and a YMCA – all built using a national model that focuses on revitalizing an entire community. Southeast Raleigh is a historically Black neighborhood that has long experienced low generational wealth and disinvestment.

When: Friday, April 26, 2024, 10:00 – 11:30 am

Where: 1425 Promise Beacon Circle, Raleigh, NC 27610

There will be tours, refreshments, entertainment, and ribbon cutting. Speakers include:

Yvette Holmes, CEO Southeast Raleigh Promise
Tucker Bartlett, EVP Self Help
Jon Mills, Senior VP, YMCA
Dr. Colin Ottey, Advance Community Health
Kirsten Riggs, Interim President & COO, UNC Health Rex
Corey Branch, City Council Member

“Every community has to have the ingredients to make it a healthy community - education, health care, affordable housing, financial services,” explains Tucker Bartlett, Self-Help executive vice president. “No one institution can be an expert in everything. You need partnerships and at its core, that's what this project is all about.”

“Our promise and our vision for Southeast Raleigh is that our history and culture is acknowledged and celebrated, structural barriers are removed, and it’s a place where all residents have access and pathways to success and prosperity,” states Yvette Holmes, CEO Southeast Raleigh Promise. “This project will help ensure that Southeast Raleigh residents have access to opportunity to grow and to thrive.”

Amenities at Beacon Point include:

- UNC Health Multispecialty Care at Beacon Point

- Advance Careplex at Beacon Point

UNC Health, in partnership with Advance Community Health, will welcome new and existing patients with primary care and specialty care needs to this new clinic. It will accept patients who require cardiology, gastroenterology, endocrinology, and treatment for sickle cell disease. Providing specialty healthcare services in this area in this area highlights UNC Health’s commitment to improve health equity in the communities it serves.
Self-Help Credit Union: With a mission of ownership and opportunity for all, Self-Help welcomes our newest branch serving Southeast Raleigh. Self-Help is a family of member-owned, mission-driven credit unions, a nonprofit loan fund, and a policy advocacy organization that works every day to expand ownership and economic opportunities for all. The mission is large, but we believe that much of it is accomplished by small acts: someone's first bank account; a loan for a small business; helping a family buy a new car, first home or to reduce high-cost debt. Together with more than 190,000 members around the country, we are increasing ownership, creating jobs, revitalizing neighborhoods, and building stronger communities.

About the Project

Self-Help Ventures Fund, a nonprofit sponsor, was selected by the YMCA of the Triangle to develop the capstone Beacon Point with a mix of commercial uses that complement the neighborhood’s broader plan. Our vision for Beacon Point is to make it a hub of health and wellness, financial services, and nonprofit and small-business services that is closely connected to the rest of the Beacon Site and to Raleigh. This vision is the result of a community planning process and aligns closely with Self-Help’s broader mission to create and protect wealth and economic opportunity for all, especially women and people of color.

About Self-Help Credit Union

Self-Help Credit Union was chartered in 1983 to build a network of branches that partner with working families and communities often underserved by the financial marketplace. With over $1.8 billion in assets and serving more than 89,000 members in 37 branches – eight in Florida, one in Georgia, 23 in North Carolina, four in South Carolina, and one in Virginia— Self-Help Credit Union is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of nonprofit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For over 40 years, the national Center for Community Self-Help and its affiliates have provided more than $11 billion in financing to help more than 168,000 borrowers buy homes, start and grow businesses and strengthen community resources. For more information, visit www.self-help.org.

About the Center for Community Self-Help

The Center for Community Self-Help is a family of nonprofit organizations with a collective mission to create and protect ownership and economic opportunity for all. Since its founding in 1980, Self-Help has grown to include two credit unions, a loan fund and a research and policy affiliate that have helped expand economic opportunity for underserved communities nationwide. Together these entities provide financing, technical support, consumer financial services and advocacy for communities often left out of the economic mainstream.

Contact Us

[email protected]