North Carolina Data and Stories

State Fact Sheet

Map of Selected Projects in North Carolina

Community Testimonials

I have directly seen the positive impact NMTCs can have on a community and families. This program is a win-win-win for everyone involved.

-Bonnie Collins, Habitat for Humanity of the Charlotte Region

Selected Projects in North Carolina

Severn Peanut Manufacturing

Severn,
NC
(2013)

Business Development, Food Manufacturing, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Rural, Warehouse and Wholesale

CDE(s): Grow America, Truist

The construction of a new plant with storage space and the purchase of new roasting, drying and shelling equipment.

Carmichael Building

Durham,
NC
(2013)

Adult Education, Business Development, College or Vocational Training, Community, Healthcare, Incubator, Manufacturing, Research

CDE(s): CAHEC, Telesis CDE Corporation, Urban Research Park CDE, USBCDE

A former Liggett and Myers tobacco warehouse in Durham, NC, the Carmichael Building, is now home to lab, research, and office space for Duke University's Molecular Physiology Institute.

Jordan Lumber

Mount Gilead,
(2011)

Manufacturing, Timber and Agriculture

CDE(s): AMCREF Community Capital, Community Development Venture Capital Alliance

Family-owned sustainable timberland: Jordan Lumber is a family-owned and operated sustainable forest products company with timberland, sawmills and chip mills. Founded in 1939, Jordan is the fifth largest employer in

87 Depot Street Revival

Asheville,
(2011)

Housing, Mixed-use

CDE(s): Self-Help

Restoration of a vacant historic building.

Chatham Habitat for Humanity

Siler City,
NC
(2011)

Habitat for Humanity

CDE(s): Habitat for Humanity

NMTC financing supported a Habitat for Humanity Build for Chatham Habitat for Humanity

Revolution Mill

Greensboro,
NC
(2011)

Community, Incubator, Mixed-use

CDE(s): Stonehenge Community Development

The redevelopment of the mixed-use, destination campus.

Coastal Carolina Clean Power

Kenansville,
NC
(2010)

Community, Energy, Manufacturing, Rural

CDE(s): AMCREF Community Capital, Rural Development Partners

Kenansville was originally developed and constructed as a coal-fired generating facility; new ownership converted the plant to a biomass-fired facility.

Frogs Leap Public House

Waynesville,
NC
(2010)

Retail

CDE(s): Self-Help

The inside of Waynesville’s 44 Church Street does not, today, bustle with life, warmth and the scintillating scent of food wafting through the air, as it once did. The former

Raleigh Times Building

Raleigh,
NC
(2010)

Retail

CDE(s): Self-Help

One of Raleigh’s most important buildings in the first part of the 1900s, this building housed the Evening Times, which later became the Raleigh Times newspaper. The Times building possesses

362 Depot Street

Asheville,
NC
(2009)

Mixed-use, Retail

CDE(s): Self-Help

Arts nonprofit uses NMTC for owned/managed office and retail space.

Weaver Street Market’s Food House

Hillsborough,
NC
(2008)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Capital Impact Partners

A NMTC transaction supported the purchase and development of a third healthy food retail site, and to develop warehouse capacity that allowed the market to provide healthy, freshly-prepared foods to

Albemarle Hosiery Mill Rehab

Albemarle,
(2007)

Community, Healthcare, Historic Rehabilitation, Mixed-use

CDE(s): National Trust Community Investment Corporation

NMTC financing helped create a mixed-use project inside a former Albemarle hosiery mill.

Site visits and recent news related to North Carolina NMTC Projects

Smith NMTC Announces Closing of $24M Housing Partnership Network Allocation

July 13, 2023

Albemarle mill gets new life with mixed-use plan

September 29, 2008

U.S. Bank to provide $16.5 million in tax credits for CORTEX Heritage Building

March 1, 2013