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About Institute Capital

Institute Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs) and small businesses. Our goal is to revitalize and transform diverse communities through affordable housing, entrepreneurship, HBCU collaborations and community development.

As a certified Community Development Financial Institution (CDFI), Institute Capital seeks to provide high-impact lending to borrowers who cannot typically get capital from mainstream financial institutions, and who are working to create thriving economies in communities that represent the most diverse populations.

What We Do

Institute Capital, the Institute’s lending arm, is a certified Community Development Financial Institution (CDFI) that provides strategic lending and investment for community economic developers and businesses that create jobs, promote economic growth, and facilitate the development of affordable housing and community revitalization, particularly in low-resource areas.

Areas of Focus

Affordable Housing

Building Wealth & Expanding Access

Providing a thoughtful mix of products to support the development, rehabilitation, and preservation of affordable housing, both multifamily and homeownership.

Small Business Lending

Capital Access for Economic Growth

Providing the working capital and other financing that underserved businesses and social enterprises need to survive and thrive.

HBCU Business Collaborative

Collaborative Partnerships With HBCUs

Community Development Investing

Increasing Capacity for Community Transformation

Providing the capital that community-based development organizations (CBDOs) need to finance community revitalization.

Impact

$0 Million

Commercial Development and Housing

$0 Million

Capital Investment

$0 Million

Business Grants Deployed

0+

Jobs Created

Institute Capital Team

Kevin Price photo

Kevin J. Price
CEO

Roberta McCullough headshot

Roberta McCullough, MBA
Senior Vice President of Operations
rmccullough@theinstitutenc.org

TF Congleton
Senior Credit Officer
tcongleton@theinstitutenc.org

Cleveland Jenkins head shot

Cleveland Jenkins
Commercial Loan Officer,
Business Development Manager
(Charlotte-Mecklenburg, NC & SC)
cjenkins@theinstitutenc.org

Leslie Lewis Head shot

Leslie Lewis, MBA
Commercial Loan Officer,
Business Development Manager
(Central VA & DC Metro)
llewis@theinstitutenc.org

Bill Nesbit head shotBill Nesbit
Commercial Loan Officer,
Business Development Manager
(Asheville & Western NC)
wnesbit@theinstitutenc.org

Elizabeth Palmquist
Loan Closer/Compliance Officer
epalmquist@theinstitutenc.org

Irma Alvarez Urbina
Funding Processor
iaurbina@theinstitutenc.org

Institute Capital Board of Directors

Dr. Tyrone R. Baines, PhD - Secretary

Honda Motor Company (Retired)

Lisa Jackson

Pinnacle Financial Partners

Suzanne Malone - Treasurer

Strategies for Small Business

Lewis H. Myers - Chairman

Perkins + Will (Retired)

Kevin J. Price

Institute Capital

Evan Sitton

Banc of California

Thurman Smith

PNC Bank

Michael Suggs - Vice Chairman

Goler CDC

Contact Us

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Institute Capital

114 W. Parrish Street
Durham, NC 27701
(919) 956-8889 Ext. 3320
rmccullough@TheInstituteNC.org

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to:

U.S. Department of the Treasury,
Director, Office of Civil Rights and Equal Employment Opportunity
1500 Pennsylvania Avenue, N.W.
Washington, DC 20220

Call (202) 622-1160

or send an e-mail to: crcomplaints@treasury.gov.

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