DHIC, Inc.

Street Address:
113 S. Wilmington Street
Raleigh, NC 27601
Mailing Address:P.O. Box 2185
Raleigh, NC 27602

Phone: 919-832-4345
Fax: 919-832-2206
Website: www.dhic.org

Gregg Warren, President and Executive Director

Contact Name: Gregg Warren
Phone: 919-832-4345
Fax: 919-832-2206
Email: gregg@dhic.org


Staff Size: Full Time: 10    Part Time: 1

Background
DHIC Inc. was formed in 1974 as the Downtown Housing Improvement Corporation to revitalize neighborhoods adjoining Downtown Raleigh, North Carolina. In the 1970s, DHIC managed the rehabilitation of over 600 homes in these neighborhoods. Since then, DHIC’s scope has expanded to serve Raleigh, Wake County and adjoining counties in the Research Triangle area. DHIC has developed more than 1,500 apartments and nearly 400 homes for sale to first-time and modest-income homebuyers. Through its Homeownership Center, DHIC provides homeownership counseling, education and access to downpayment assistance programs to first time homebuyers.

Mission
DHIC strengthens neighborhoods with expanded homeownership opportunities, provides quality rental housing for families and seniors with limited incomes, and enhances the economic well-being of residents of DHIC communities and low-wealth neighborhoods throughout the Research Triangle area.

Total Operating Expense (9/30/2007): $1,899,248

 Lines of Business
  • Asset and Property Management

  • Community Building and Organizing

  • Home Ownership Promotion Services

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Community Building and Organizing
  • NeighborWorks Multifamily Initiative

    • Accomplishments in FY 2008
  • Provided 252 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 32 rental or owner occupied units (1-4 units).
  • Assisted 75 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 1349 rental units.
  • Invested $ in the community through DHIC, Inc.'s revolving loan fund, which leveraged $33,031,129 from conventional lenders and other sources.
  • Total direct investment in the community is $33,031,129.

    • Additional Accomplishments
    Date Additional Accomplishment
    5/15/2005 Received a $25,000 grant from the Home Depot Foundation to integrate greenbuilding elements into a new mixed-use project in downtown Raleigh called Carlton Place.
    5/2/2005 Received the Most Creative Financing award from TCREWS.
    12/31/2004 Completed the Commons at Highland Village, a 68-unit senior apartment community in Cary.
    12/31/2004 In 2004, our Homeownership Center provided $86,000 in downpayment asssitance grants and second mortgage loans to seven homebuyers.
    12/31/2004 Received the ESIC Premier Partner Presidents Circle Award for excellence in producing affordable housing.
    11/30/2004 Held grand opening for Lennox Chase, a 37-unit project that is Raleigh's first supportive housing community for very low-income and formerly homeless people.
    10/11/2004 Held grand opening celebration for Meadowcreek subdivision, a 68-unit mixed-income homeownership community in Southeast Raleigh. All lots have been sold as of early 2005.
    6/30/2004 Won the Charles L. Edson Tax Credit Excellence Award from the Affordable Housing Tax Credit Association.
    4/30/2004 Our Community Services Initiative partnered with KaBOOM! and Home Depot to build a new playground in Raleigh's Apollo Heights community.
    3/14/2007 Dedicated Carlton Place, the first mixed-use affordable housing to be located in Downtown Raleigh.
    4/26/2007 Received a 2007 Champion Award for Most Creative Financing from Triangle Commercial Real Estate Women for Cardinal Chase multi-family project in Siler City.
    11/14/2008 Dedicated Wakefield Hills, an 80-unit family apartment community, and Wakefield Manor, a 96-unit seniors community, in the Wakefield Plantation "planned community" of North Raleigh. These communities represent the first low-income housing options in this high-income district.
    12/1/2008 Adopted the National Industry Standards for Homeownership Education and Counseling.
    2/2/2009 Broke ground on Maplewood Square, a $4.2 million, 32-unit seniors community and neighborhood park in Durham's West End community. This is DHIC's first project in Durham County, and is being completed in partnership with NW member Durham Community Land Trustees and Self-Help.

    Community Services
  • Community Building

  •  Community Outreach and Organizing

  •  Community Planning

  •  Tenant Organizing

  • Family Health Programs

  •  Afterschool/Tutoring Programs

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Elderly Tax Information

  •  Foreclosure Prevention Training

  •  Low Income Housing Tax Credit (LIHTC)

  • Green Building and Home Improvement

  •  Sustainable Site Planning

  •  Water Quality and Conservation

  • Housing Programs and Home Ownership Counseling

  •  HomeBuyers Club

  •  Housing for Elderly

  •  Rental Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Charles V BrownBoard MemberNon-Profit InstitutionWesleyan First Church of DeliverancePastor
    Norman Camp, PhDBoard MemberResident  
    Courtney CrowderBoard MemberState GovernmentOffice of Governor Beverly Purdue 
    Sam CrutchfieldBoard MemberBusinessGrubb PropertiesCommercial Realtor
    Kevin HarrisBoard MemberFinancial InstitutionRBC Bank 
    Kathy HartBoard MemberNon-Profit InstitutionNC State University 
    Yvette HolmesBoard MemberNon-Profit InstitutionUnited Arts Council of Raleigh and Wake County 
    Todd JonesBoard MemberBusinessAnderson, Jones & Gengo, PLLC 
    Steve MasonBoard ChairBusinessSmith Anderson Blount Dorestt Mitchell & Jernigan, LLP 
    Isabel MattoxBoard MemberOther Land Use Attorney
    Paul MorrisBoard MemberBusinessCherokee Investment Services, Inc.Landscape Architect and Planner
    Tim OttoBoard MemberFinancial InstitutionMorgan Stanley 
    James T QuinnBoard Vice ChairState Government Retired
    Charles RodmanBoard MemberResident Retired
    Marie StapletonBoard MemberFinancial InstitutionBank of America 

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  Mid-Atlantic
    Name:  Sasha M. Johnson
    Phone:  
    Toll-Free:  
    Fax:  
    Email:  smjohnson@nw.org