Self-Help, NCC Development Initiative Partnership for Affordable Housing in Rocky Mount Feb 26, 2020 Durham, NC | February 26, 2020 - Self-Help announces the purchase of 58 properties through a partnership with the North Carolina Community Development Initiative, more commonly known as the Initiative, earmarked for affordable housing in Rocky Mount, NC. The purchase allows the Initiative to refocus its efforts on serving North Carolina’s communities through its lending products, while bringing Self-Help’s affordable housing and community real estate experience to Rocky Mount. The properties are a part of the Rocky Mount Revitalization Initiative, an effort to build a vibrant and economically mixed housing market by developing vacant and blighted property into high-quality affordable housing for renters and homeowners. “Self-Help is a natural partner in Rocky Mount and in the affordable housing field,” says Kimberly Askew, Interim CEO of the North Carolina Community Development Initiative. “As the Initiative emerges from a year of strategic planning and vision-casting in order to refocus our efforts on lending, we’re excited to hand over our Rocky Mount portfolio to a community partner with a deep history in community development and a proven track record of executing on our shared affordable housing goals.” “Rocky Mount is a critical community in Eastern North Carolina that will increasingly face growth pressures going forward,” states Brika Eklund, Self-Help Director of Real Estate. “Self-Help will continue to build upon our real estate and community development experience and we’re looking forward to helping preserve local neighborhoods while creating and sustaining affordable housing in Rocky Mount for the future.” As Rocky Mount’s economy grows, many downtown core neighborhoods are vulnerable to the effects of gentrification and displacement, caught between the competing interests of economic growth, income disparities, and housing affordability. Like many smaller cities in North Carolina, Rocky Mount still experiences the lingering effects of the Great Recession and a history of discrimination and structural exclusion. Additionally, Rocky Mount continues to recover from devastating natural disasters which led to severe flooding across Eastern North Carolina. Self-Help has a long history fighting for economic equity and opportunities for home ownership across North Carolina, with particular focus on affordable housing. With a downtown branch in the former Peoples Bank building - an historic property owned and renovated by Self-Help - as well as additional real estate development and lending in the region, the credit union’s commitment to Rocky Mount remains steadfast. Self-Help will engage with community partners to evaluate the portfolio of properties and determine next steps for moving forward. North Carolina Community Development Initiative, headquartered in Raleigh, NC, leads North Carolina’s community economic development efforts through collaboration, innovation, and investment in order to ultimately create prosperous, sustainable communities. By leveraging and deploying over $600 million in private and public capital to build and sustain affordable housing options, as well as create and preserve more than 11,500 jobs, the Initiative has created opportunities across the state. For over 25 years, with these opportunities, the Initiative has affected positive, measurable change for people who have historically been overlooked or left behind in North Carolina. Self-Help, headquartered in Durham, NC, is one of the largest community development financial institution in the nation. Since 1980, Self-Help has provided more than $9.1 billion in financing to over 172,309 families, families, individuals and businesses. We help drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. Through its credit union network, Self-Help serves more than 154,000 people in California, Florida, Illinois, North Carolina, South Carolina, Virginia, and Wisconsin. The nonprofit Center for Community Self-Help is the umbrella organization for the Self-Help family of nonprofit organizations, which includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending. If you have questions about the purchase, please contact Kimberly Askew, Interim CEO at the Initiative (919-835-6072) or Brika Eklund, Director of Real Estate at Self-Help (919-956-4632). More information about Self-Help Credit Union can be found at self-help.org. Information about the NC Community Development Initiative can be found at ncinitiative.org. ### Jenny Shields, Director of Media Relations, Self-Help Credit Union Direct Line: 919.794.6798 Cell: 919.695.2037 Email: Jenny.Shields@self-help.org Kimberly Askew, Interim CEO, North Carolina Community Development Initiative Direct Line: 919.835.6072 Email: firstname.lastname@example.org 2019 News Releases 12/17/19 - Self-Help Credit Union Announces Merger with Turbine Federal Credit Union 11/04/19 - Free 'Know Your Rights' Event for People with Disabilities 10/14/19 - Self-Help Federal, Fresno, Grand Reopening 10/11/19 - Self-Help Credit Union is coming to Raleigh 09/19/19 - Affordable housing loan fund launches in Durham 08/13/19 - Trump Administration’s New “Public Charge” Rule Could Harm Low-Income Immigrants 07/29/19 - Self-Help Credit Union Announces 2019 Scholarship Winners 07/15/19 - Grand Opening Celebration Self-Help Credit Union, Charlotte 04/01/19 - Self-Help Offers Scholarships for Students Who Give Back To Our Community 03/27/19 - Imagine: the future of homegrown entrepreneurship 03/25/19 - March 30: Grand Opening, Angier Business and Children’s Center 02/11/19 - Self-Help Apopka Grand Opening Continues Legacy of Community Trust 02/11/19 - Free Disability Rights, Assistive Technology Event in Asheville, Feb 27 2/11/19 - Free Disability Rights, Assistive Technology Event in Morganton, Feb 26 01/31/19 - Black History, Black Entrepreneurship: Couple Launches Independent Pharmacy in Historic East Durham 01/24/19 - National Baptist Convention Embarks on National Campaign 01/14/19 - Self-Help Offers Hardship Loans to Furloughed Federal Employees 2018 News Releases 12/13/18 - New Video Explores Legacy of Bakersfield Credit Union First Founded by Cesar Chavez 09/25/18 - CommunityWorks Federal Credit Union Joins Self-Help To Benefit Members, CommunityTo Benefit Members, Community 08/24/18 - The MacArthur Foundation invests in Seaway, a division of Self-Help Federal Credit Union 08/07/18 - Newell Named President of Seaway, a Division of Self-Help Federal Credit Union 05/23/18 - Self-Help Credit Union, Mangum Street Grand Rededication (Durham) 2017 News Releases 09/19/17 - Self-Help Announces Third Annual "Bringing It Home" Conference in Asheville, NC 06/29/17 - In Senate Committee Hearing, CRL Lays Out Consumer Plan For GSE, Housing Finance Reform 06/13/17 - Florida’s Jax Metro Credit Union Merges with Self-Help Credit Union effective June 1 03/13/17 - Self-Help to Acquire Selected Branches of Former Seaway Bank in Chicago 2016 News Releases 09/13/16 - Family Federal Credit Union in Wilmington, CA Merges with Self-Help Federal Credit Union 07/13/16 - Self-Help Credit Union Announces 2016 Education Scholarships Winners 06/27/16 - Self-Help Announces DTC-eligible Term Certificates for SRI Investors 04/19/16 - Revolution Mill Media Event on Major New Tenant Thursday April 21, 8.30 am 04/14/16 - Self-Help Credit Union Announces 2016 Community Education Scholarships 04/13/16 - Self-Help Credit Union and Greater Piedmont Credit Union Announce Merger 03/10/16 - Lease Signing Ceremony Tuesday, 3pm March 14 between Renaissance Community Co-op and Self-Help 02/23/16 - Study: Self-Help “Fresh Start” Product Improves Credit Scores 02/03/16 - Florida’s Community Trust Federal Credit Union Merges with Self-Help Federal Credit Union 2015 News Releases 12/02/15 - CDFIs Craft3, Self-Help Complete Second On-Bill Repayment (OBR) Loan Sale 11/19/15 - Self-Help Credit Union Report: Racial Disparities in Marijuana Enforcement Undercut Durham Progress 11/17/15 - Grand Opening Thursday for Fresno’s Self-Help Federal Credit Union Branch 10/14/15 - Revolution Mill Hosting Media Tour Tuesday, October 20 at 10 am 10/01/15 - Self-Help’s Choice Community Credit Union Adopting Self-Help Credit Union Name 09/15/15 - National Cooperative Bank, Self-Help Federal Credit Union Team Up to Finance Los Angeles’ With Love Market & Café 09/14/15 - Self-Help Credit Union Hosts Brevard Branch Open House 08/24/15 - Self-Help Closes $4.6 Million Loan to Minneapolis’ Eastside Food Co-Op 08/17/15 - Statement on Julian Bond’s Passing by Self-Help CEO Martin Eakes 08/06/15 - Self-Help Credit Union “Adopt a Backpack” Drive Up and Running 07/28/15 - Self-Help Ventures Fund Ramps Up Construction On 45-Acre Revolution Mill SIte 07/14/15 - Self-Help Ventures Fund Ramps Up Construction on 45-Acre Revolution Mill Site 07/09/15 - Self-Help Credit Union Announces Education Scholarships Winners 06/11/15 - Renaissance Shops Groundbreaking Tuesday, June 16 at 10:30 am 04/09/15 - Durham Co-op Market Ribbon Cutting at 2pm Saturday 03/17/15 - Grocers on Wheels, Self-Help Credit Union Borrower, in Durham Today! 02/13/15 - Self-Help Credit Union Hosting New Economy Conference on March 18th About Self-Help Self-Help is a leading national community development financial institution headquartered in Durham, NC. Since 1980, Self-Help has provided over $8.5 billion in financing to 150,000 families, individuals and businesses. It helps drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. Through its credit union network, Self-Help serves over 150,000 people in California, Florida, Illinois, North Carolina, South Carolina, Virginia, and Wisconsin. The nonprofit Center for Community Self-Help is the umbrella organization for the Self-Help family of nonprofit organizations, which includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending.