Why the Fund Exists:
The GROWTH initiative is powered by the NCRC Housing Rehab Fund, a self-sustaining for-profit mission-driven LMI neighborhood investment fund. Through the rehab fund, homes are purchased, renovated and sold or offered as rent-to-own opportunities to qualifying families. The program provides both a return on investment and Community Reinvestment Act (CRA) credit to eligible investors. All homebuyers and lease-to-own participants are required to undergo initiative-provided housing and credit counseling, which have been proven to create more successful homeowners and result in a safer investment.