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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.

Institute Capital Grand Opening 2021 - Kevin J. Price and Roberta McCullough

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.


$0 Million

Commercial Development and Housing

$0 Million

Capital Investment

$0 Million

Business Grants Deployed


Jobs Created

Institute Capital Team

Kevin Price photo

Kevin J. Price

Roberta McCullough headshot

Roberta McCullough
Senior Vice President of Operations

TF Congleton
Senior Credit Officer

Eric B. Nelson headshot

Eric B. Nelson
Director, Business Development
(Western NC & SC)

Elizabeth Palmquist
Loan Closer/Compliance Officer

Irma Alvarez Urbina
Funding Processor

Institute Capital Board of Directors

Dr. Tyrone R. Baines, PhD - Secretary

Honda Motor Company (Retired)

Walter Davis

Peachtree Providence Partners

Lisa Jackson

Pinnacle Financial Partners

Suzanne Malone - Treasurer

Strategies for Small Business

Lewis H. Myers - Chairman

Perkins + Will (Retired)

Mark Newman

Pacific Western Bank

Kevin J. Price

Institute Capital

Thurman Smith

PNC Bank

Michael Suggs - Vice Chairman

Goler CDC

Contact Us


Institute Capital

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

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