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Choanoke Area Development Association of NC, Inc.

Choanoke Area Development Association of North Carolina, Inc. is a nonprofit organization that has provided one AFI grant since 2008.

The association emphasizes homeownership, with the goal of providing IDAs to residents of some of the most economically distressed regions in North Carolina. This grantee has been successful in obtaining community support for an AFI IDA project.

Partners

The association partners with Southern Bank, Cooperative Extension Service, Department of Commerce in affiliation with the city of Roanoke Rapids, and North Carolina Housing Finance Agency to provide financial education and housing services.

Assets for Independence Grant History

Name	Amount	Start Date	End Date
90EI0546	$125,000	7/1/2008	6/30/2013

Project Title

Roanoke Chowan Individual Development Account Program

Highlights/Outcomes

120 IDAs have been opened.

72 participants have received financial education.

$78,505 saved by participants.

32 participants have purchased an asset.

Total AFI Funding

Total AFI Grant Funding: $125,000
Total Non-Federal Support: $125,000

Focus Population

Choanoke Area Development Association of North Carolina, Inc. targets eligible residents of Bertie, Halifax, Hertford, and Northampton counties in North Carolina.

Contact

Choanoke Area Development Association of NC, Inc.
P.O Box 530 120 Sessoms Dr.
Rich Square, NC 27869
(252) 539-4155
www.nc-cada.org