North Carolina Central University

Durham,
NC
(2024)

North Carolina Central University

College or Vocational Training, Community, FQHCs, Healthcare

Financing to enable North Carolina Central University to enhance critical medical care at a new community health center in Halifax County, NC.

Investment

NMTC Amount: $8,500,000
Total Project Cost: $10,500,000

IMPACT

Urban Health Hub helping meet the needs of a medically underserved community

CDEs

Stonehenge Community Development, USBCDE

Investor

US Bank

Stonehenge Community Development, LLC, in partnership with U.S. Bancorp Impact Finance (USBIF), will invest $8.5 million to enable North Carolina Central University (NCCU) to enhance critical medical care at a new community health center in Halifax County, NC. The investment, part of a $10.5 million commitment in conjunction with the U.S. Treasury’s Federal New Markets Tax Credit Program, will be the federal program’s first such investment in a North Carolina Historically Black College and University (HBCU).

With this project, NCCU will address health disparities and clinical care inequalities throughout the state by creating two innovative entities: Academic Community Health Centers and Rural Health Hub. The Academic Community Health Centers will provide hands-on teaching and learning opportunities for NCCU students, the surrounding communities, and partner organizations. The Rural Health Hub will provide health education, screenings, and clinical services to address chronic diseases in underserved communities.

Many residents in Halifax County have fallen victim to higher rates of diabetes, cardiovascular disease, and infant mortality rates compared to North Carolina’s averages. The reduced economic opportunities in Halifax County result in a 50% higher reliance on healthcare provided through Medicaid, Medicare, and Tricare. Stonehenge Community Development’s partnership with USBIF and NCCU will provide expanded educational resources and learning opportunities for North Carolina’s underserved residents.

“As we expand our reach, we’re not just addressing health disparities,” said Deepak Kumar, Associate Provost and Dean of Research at NCCU and founder and President of the Rural Health Hub. “We’re empowering communities, one family at a time, towards a healthier future. Rural Health Hub brings a culture of wellness by breaking down barriers to healthcare access through strategic partnerships, community engagement, and innovative solutions. From mobile health units bridging transportation gaps to health screenings, education, and outreach, RHH embodies resilience and compassion.”

MAP

Address: 1801 Fayetteville St, Durham, NC 27707

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Carmichael Building

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