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You can call Carter Bank at 833-275-2228, visit our official Contact Us page, or stop by one of our conveniently located branches in Virginia and North Carolina.

Community Loan | VA & NC Low Income Tax Credit

Building strong communities together

Empowering our neighborhoods through innovative development and inclusive growth

Specialized Financing

We are proud to offer specialized financing options for projects that enhance community revitalization and stimulate economic development.

Tax Credit Programs

Leverage Historic, New Market, and Low-Income tax credit programs in low to moderate-income neighborhoods or underserved markets.

Flexible Terms

Our community development loans come with flexible terms to help meet the unique needs of your project and budget.

Non-Profit Lending

We’re proud to partner with non-profit organizations throughout our footprint to provide loans for the communities we serve.

Keeping Community Development in the Community

Our community development lending is designed to drive positive change in our communities. We offer a range of financing solutions with favorable terms to support initiatives focused on affordable housing, economic revitalization, and community services in low to moderate-income areas.

Our lending experts work closely with borrowers to structure loans that meet their project's requirements and provide access to various tax credit programs designed to enhance project feasibility.

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FAQs

What kinds of projects qualify for community development loans — e.g., affordable housing, tax‑credit projects?

Eligible projects include affordable housing, community facilities, historic and New Markets developments, and other locally impactful initiatives.

What tax credit programs (LIHTC, New Market, Historic) are leveraged to enhance feasibility?

Carter supports projects utilizing Low-Income Housing Tax Credits (LIHTC), Historic Rehabilitation, and New Markets Tax Credit programs to enhance financial viability.

Are terms tailored for nonprofit and community organizations, with flexible underwriting or lower costs?

Yes, Carter Bank customizes financing for nonprofits or community organizations — often offering flexible underwriting, reduced fees, and supportive loan structures.

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Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.