East Carolina Community Development Inc. - Home Page

ECCDI is dedicated to improving and enhancing the standard of living

Tue, 01 Mar 2011 20:45:15 GMT

East Carolina Community Development Inc. (ECCDI) is dedicated to improving the quality of life for individuals and families that are experiencing economic and social stress in their daily lives. ECCDI is located in Beaufort, North Carolina. ECCDI has provided quality apartment communities for low to moderate residents in Beaufort, Newport, New Bern, Morehead City, and Jacksonville, North Carolina. We have made loans to sustain small businesses and create jobs to over 24 businesses in rural eastern North Carolina. Learn more about ECCDI’s apartment housing in North Carolina here and loans to businesses here. And watch our website for our ever expanding housing developments and lending opportunities throughout the east coast of the United States.

New Website Launched

Tue, 01 Mar 2011 20:59:38 GMT

Our new site provides easy to find information and resources to the communities we serve.

Board of Directors

Tue, 01 Mar 2011 21:20:24 GMT

Oliver (Wes) Whitt, Chairman Medical Engineer, GE Healthcare • Morehead City, NC Keith D. Walker, CEO and President East Carolina Community Development Inc. • Beaufort, NC Avril Pinder, Treasurer Finance Director, New Hanover County • Wilmington, NC Todd Miller, Citizen Representative Executive Director, NC Coastal Federation Cape Carteret, NC Gabriele Onorato, Citizen Representative Farm Business Manager, Harvey’s Fertilizer and Gas New Bern, NC Robert Santucci, Citizen Representative Senior Consultant, Urban Renovation Consultants, Inc. Beaufort, NC Kim Bruemleve, Citizen Representative Finance Director, Carobell, Inc. • Hubert, NC Robert Campbell, Citizen Representative Pastor, New Beginning Christian Church • Wilmington, NC ---------------------------------- Local and area leadership since 1995 A Board of Directors representing local and area leadership in housing banking, loan approval, higher education, government, and business governs East Carolina Community Development Inc. The members are elected by the Board and serve for two year terms. The full Board meets four times each year including an annual retreat away from the home office. The Board has an executive committee consisting of the Board Chairperson, the Secretary, Treasurer, and the President /CEO that handles routine matters between board meetings. The Board also has a loan committee of 5-6 members that meets as needed to approve loans made from the Rural Venture Fund. Contact information for each board member can made through the ECCDI office. Please contact us if you need more information. Email Us or call 252-504-3996.

Brochure

Tue, 01 Mar 2011 21:23:56 GMT

ECCDI Brochure 2011 PDF

Consolidated Financials

Tue, 01 Mar 2011 21:24:52 GMT

Contact ECCDI at 252-504-3996 If you would like to view a written copy of the Audited Financial Statement or Form 990. We will be glad to set up an appointment for you to view them in our offices. Copies of any of these forms are available at our offices for a nominal copying charge. ------------------------------------------- East Carolina Community Development Inc. Financial Statements In this section of our website, you will find information about East Carolina Community Development Inc. (ECCDI)’s Financial Statements. It is presented in a consolidated format and comparatively for the years ending June 30th. Because our presentation does not include the audit as a whole (which would include presenting the auditor’s opinion, notes and disclosures), the pages have been marked as “unaudited”. The Tax Return Form 990 is a regularly filed tax return report that all nonprofits must complete. These forms traditionally were used exclusively to report required information to the IRS, and are commonly used as a data source about nonprofits’ activities and finances. These tax return forms were not designed for broad public consumption, but to help regulators ensure that organizations remain true to their charibable purposes. A common source to view a nonprofit’s Form 990 is through GuideStar, an online database of information of nonprofit organizations. To use GuideStar to access Forms 990, you will need to complete a free registration process. Please contact us if you need more information. Email Us or call 252-504-3996.

Market Area

Tue, 01 Mar 2011 21:26:23 GMT

AND LOOKING TOWARD THE FUTURE... In a spirit of helping others that are experiencing economic and social stress in their daily lives, ECCDI reaches throughout the southern United States to improve the quality of life for individuals and families by creating and developing safe and affordable housing developments and assisting rural businesses in obtaining the capital they need to sustain their organization. While ECCDI has met the needs of many in eastern North Carolina (see map), including Brunswick, Carteret, Craven, Duplin, Jones, Lenoir, New Hanover, Onslow, Pamlico and Pender counties, we also extend our mission throughout the southern United States. See the Loans/Financing page for the ECCDI’s primary lending market areas in North Carolina.

News

Tue, 01 Mar 2011 21:28:02 GMT

See our latest news on Facebook ------------------ ECCDI In the News: 2011-01.19: Jacksonville Daily News: Senior Apartment Complex planned 2010-12.15: NCCDI Newsletter/Website article on MG: New Community meets vital need in Eastern NC 2010-11.15: NCCDI reports on Meadow’s Gate Grand Opening 2010-11.15: Jacksonville Daily News on Meadow’s Gate Grand Opening 2 2010-11.15: Jacksonville Daily News: announcement re: Meadow’s Gate. 2009-10.21: Senior Housing News: Meadow’s Gate/ ECCDI 2008-10.08: Jacksonville Daily News: Editorial on ECCDI 2008-10.06: Jacksonville Daily News: Longbourne/ ECCDI 1 2008-05.30: News-Times: Castle Glen Apts/ECCDI Seniors get new place to live - Jacksonville Daily News Christina Batiste lived in Jones County with her daughter prior to moving to Jacksonville. She moved into her new apartment Aug. 2 and says she loves everything about it - particularly the fact that it's a nice place to live within her means. "... it's a beautiful place and it was just magic to get this place and it's affordable," she said. "It's close to the shopping area - mall. I can walk to my bank. It's just so nice because I have my own place and I love it here." For more of this story, click here CORRECTIONS: 1) Editor’s note: Due to incorrect information given to The Daily News, the story about Longbourne Apartments regarding income requirements should have read the complex is for those 55 years of age or older who earn 60 percent or less of the median income of Jacksonville. The maximum income for a single individual is $20,220 and for two people is $23,100. 2) Editor's note: Due to photographer error, the wrong apartment complex was photographed. The photo has been removed (from the article in the Jacksonville Daily News). (Reprint / further corrections to article to be made.)

Investment and Partnership opportunities

Tue, 01 Mar 2011 21:35:12 GMT

Much of ECCDI’s success must be attributed to the outstanding partnerships and investors it has forged along the way. These partners and investors have helped the organization fulfill their mission and have supported ECCDI’s growth since our founding in 1995. Special acknowledgment must be give to the North Carolina Community Development Initiative, Inc., who has been a consistent investor in the endeavors of ECCDI, since 2000. Investor's Group • Community Affordable Housing Equity Corp (CAHEC) • NC Department of Health and Human Services • NC Department of Labor • NC Housing Finance Agency • NC Housing Coalition • NC Rural Economic Development Center. Inc. • US Department of Agriculture, Office of Rural Development • US Department of Health and Human Services • US Small Business Administration Foundations • Kathleen Price Bryant Family Fund • NC Community Foundation Cities • City of Jacksonville, North Carolina • Town of Beaufort, North Carolina • Town of Morehead City, North Carolina • Town of Newport, North Carolina Corporate Partner’s Group • Boisseau Design Group • Carteret Community College • Caliber Builders, LLC • Catholic Diocese of Raleigh • Crystal Coast Engineering • Dunn & Dalton, Architects • Ellinger & Carr, PLLC – Susan Ellinger • ESP Engineering • H. Burkett & Co. • HK Jordan & Co., Inc • Housing Assistance Council • John L. Pierce & Associates, PA • Jordan, Price, Wall, Gray, Jones & Carlton, PLLC – Jeffrey Ellinger • Nelson, Mullins, Riley & Scarborough, LLP – Jordan Price • North Carolina Association of Community Development Corporations • North Carolina Community Development Initiative, Inc. • North Carolina Cooperative Extension Service • Stroud Engineering • Stubbs & Perdue, PA – Amy Faber • The Affordable Housing Group of North Carolina, Inc • The Enterprise Social Investment Corporation Financial Institutions • Bank of America • Branch Banking & Trust Company • Community Investment Corporation of the Carolinas • Coastal Bank and Trust • East Carolina Bank • Federal Home Loan Bank of Atlanta • First Citizens Bank • MMA Financial, LLC • RBC Capital Markets: Apollo Equity Partners • Self Help • Sound Bank • Stearns Bank

Membership Organizations

Tue, 01 Mar 2011 21:35:13 GMT

• Carolinas Council for Affordable Housing • North Carolina Center for Nonprofits • Carteret Economic Development Council • North Carolina Housing Coalition • Jacksonville/Onslow County Chamber of Commerce

Rural Venture Fund

Tue, 01 Mar 2011 21:38:08 GMT

ECCDI’s Rural Venture Fund comprises of two financing components: The USDA Intermediary Relending Program (IRP) and the USDA Business and Industry Guaranteed Loans (B&I). Both programs offer capital for rural small businesses to assist expansion, with the emphasis on job creation and sustainability. ECCDI’s services have impacted many throughout eastern North Carolina; however, its market area spreads throughout the southern United States. ------------ Frequently Asked Questions • How is the Rural Venture Fund different from a bank? • Will you finance any type of business? • Do you provide 100% financing? • Do I need a business plan? • How much money could my business get? • What is your interest rate? • What information must I provide? • What fees will I have to pay? • How long will it take to receive a loan? • How do I get started?

How To Apply - Loan Application Process

Tue, 01 Mar 2011 21:38:09 GMT

Interested persons can call the Rural Venture Fund at 252-504-3996 and ask to speak with a lending officer. A pre application may be given to you by the loan officer at this time. Upon receipt of your pre-application we will conduct our preliminary review and arrange for a personal interview. At this meeting we will review your documentation with you and clarify any credit issues that may exist. The next step is to submit your application to the ECCDI loan committee for their approval. The final step is to submit to USDA Rural Development for their review and approval.

Affordable Housing Development

Tue, 01 Mar 2011 21:41:39 GMT

East Since ECCDI’s first affordable housing development opened its doors to tenants in 1998, it has been developing quality, award-winning designs to individuals, families and seniors. Single-Family Development Property Management Future Housing Development CONTACT US Media Advisory – If you would like an interview with ECCDI or feature one of our developments in a story for your publication or for other forms of media, please contact us at 252.504.3996 or Email Us and state your request. ------------------------------ Affordable Housing for Eastern North Carolina since 1998 ECCDI’s first affordable senior housing development, Camellia Court located in Morehead City, NC, received the NCHFA Housing Award for its pin-wheel design providing individual apartment entrances, accent gables, attractive color schemes with a combination of brick and siding to prompt a very home-like facade. This design has been enhanced since then, and still offers a wonderful option for seniors. All of ECCDI’s housing developments compliment the surrounding housing with attractive buildings, grounds and landscaping. And they are also located within close proximity to desirable amenities. Multi-Family Affordable Apartment Communities: Click Here to learn more about locations, rental rates, and eligibility requirements. Senior Affordable Housing Developments: Click Here to learn more about locations, rental rates, and eligibility requirements.

Single Family Development

Tue, 01 Mar 2011 21:41:48 GMT

East Since ECCDI’s first affordable housing development opened its doors to tenants in 1998, it has been developing quality, award-winning designs to individuals, families and seniors. Affordable Housing Development Property Management Future Housing Development CONTACT US Media Advisory – If you would like an interview with ECCDI or feature one of our developments in a story for your publication or for other forms of media, please contact us at 252.504.3996 or Email Us and state your request. -------------------------------- Affordable Single-Family Homes since 2002 In 2002, ECCDI came to the aid of flood victims in Lenoir County by developing 28 lots for single-family housing in the Uplands Park area of Kinston, NC. Then again in 2004, ECCDI assisted flood victims this time in Duplin County by developing single-family sites in the Summerfield area of Wallace, NC. ECCDI, along with the City of Jacksonville, started construction of 14 single-family low to moderate income homes on Huff Drive in Jacksonville, NC in 2002. The project was a wonderful success and was completed in 2006. The development consists of two and three bedroom homes with approximately 1,200 square feet. Set in attractive, conveniently located areas, homes are within close proximity to banks, restaurants, shopping, churches, major highways, and community activities. Residency was available to income eligible individuals and families with certain income restrictions applying. With the success of such single-family homes to the low to moderate income population, ECCDI maintains a strategic plan to develop a variety of single-family development sites in Beaufort and Jacksonville offering mixed-income sites in attractive and desirable locations.

Property Management

Tue, 01 Mar 2011 21:41:49 GMT

Since ECCDI’s first affordable housing development opened its doors to tenants in 1998, it has been offering quality property management to individuals, families and seniors. Affordable Housing Development Single Family Development Future Housing Development CONTACT US Media Advisory – If you would like an interview with ECCDI or feature one of our developments in a story for your publication or for other forms of media, please contact us at 252.504.3996 or Email Us and state your request. ----------------------------------- Providing well run, safe environments for tenants It has become apparent to ECCDI that quality property management is the key to a successful apartment community. Our focus on symbiotic relationships with our property management teams and in-house asset management has resulted in well-run, safe environments for our tenants. To learn more about our multi-family properties, click here. To learn more about our senior properties, click here.

Future Housing Development

Tue, 01 Mar 2011 21:41:50 GMT

Future efforts to provide affordable housing throughout North Carolina include additional senior housing, multi-family housing and single-family workforce housing.
Affordable Housing Development Single Family Development Property Management CONTACT US Media Advisory – If you would like an interview with ECCDI or feature one of our developments in a story for your publication or for other forms of media, please contact us at 252.504.3996 or Email Us and state your request. ----------------------- Additional affordable housing in the near future from ECCDI With the 2010 state and federal tax credit award from the North Carolina Housing Agency, ECCDI has begun construction of Glenstal Apartments in Jacksonville, NC. It will consist of 56 apartments for seniors. There will be 28 one-bedroom and 28 two-bedroom apartments. Glenstal will be conveniently located on Western Blvd. in front of ECCDI’s newest multi-family development, Meadow’s Gate Apartments. The City of Jacksonville continues to grow, and county and city officials welcome ECCDI due to the high standard of affordable housing it continuously provides. As with all ECCDI developments, apartments are situated in prime locations close to desirable amenities. ECCDI will continue additional affordable housing efforts in many eastern North Carolina counties with sites already in the negotiation process. Housing details related to ECCDI’s new projects will be updated as soon as construction begins.