Neighborhood Concepts Inc

Economic development: through its wholly owned revolving loan fund, neighborhood concepts, inc. Made $4,185,157 in loans to small businesses and entrepreneurs in north alabama for start-up capital, equipment and working capital in 2024. At year-end, 56% of loans in portfolio were businesses owned by minorities, 45% by women-owned businesses and 13% were owned by low-income individuals. Additionally, 80% of portfolio dollars were deployed to borrowers in target markets.

Advocacy: neighborhood concepts advocates for opportunities and programs that support the creation of affordable housing and the advancement of economic opportunities for underserved people and in underserved communities. Advocacy efforts include education and awareness as well as policy support.