Centrant Community Capital

In 1990, the North Carolina Bankers Association created a wholly-owned subsidiary designed to address the statewide shortage of quality affordable housing in North Carolina.  Originally known as “CICNC” (Community Investment Corporation of North Carolina), and later as “CICCAR” (Community Investment Corporation of the Carolinas), this unique lending consortium offers first-lien, permanent financing for multifamily communities offering rents that are affordable to households earning 60% or less of the area median income.


With the support of its member banks and borrowers, this subsidiary has expanded far beyond its North Carolina roots, offering loans across the Southeast from Texas to Virginia. As a result, the organization adopted a new name and identity in 2018, and is now known as Centrant Community Capital.


With a network of nearly 100 member financial institutions, Centrant is one of the largest consortia of its kind in the nation. The consortium model enables member banks of all sizes to participate in safe, financially attractive loans that also qualify for credit under the Community Reinvestment Act.


To learn more about Centrant Community Capital, visit www.centrant.org, or contact David Bennett at david@centrant.org.