Examples of Revitalization in North Carolina
We have supported urban revitalization in communities around the country, with an especially deep impact in our headquarters city of Durham:
- Redeveloped seven downtown buildings into 300,000 square feet of space for small businesses and non-profits, including co-working space for creative entrepreneurs.
- Made more than 200 commercial loans totaling $79 million in and around downtown to help others redevelop properties or start small businesses.
- This includes $52 million in financing to revitalize two abandoned mill buildings that now act as centers for economic and cultural development.
- Developed 103 affordable homes, made 118 home loans, and developed a 32-unit affordable senior living facility, a high-performing public charter school and the community-based Durham Co-op Market.
, we are working to remake Revolution Mill
, a 512,000 square-foot former textile mill, into a vital place for living, commerce, and creative collaboration. And just a few miles away, we're reviving an under-used neighborhood shopping center into a home for a start-up healthy foods grocery store.