DHIC
DHIC is a 501(c)(3) nonprofit founded in 1974 that develops, owns, and manages 45+ affordable rental communities totaling more than 3,200 apartment homes across 9 North Carolina counties, supplemented by a Homeownership Center providing counseling and foreclosure-prevention services.
- Company typePrivate
- Founded1974
- HeadquartersRaleigh, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What DHIC does
DHIC (Downtown Housing Improvement Corporation) is a 501(c)(3) nonprofit affordable-housing organization founded in 1974 and headquartered in Raleigh, North Carolina. It develops, owns, and operates a multifamily rental portfolio comprising 45+ communities — including 27 family communities, 20 senior communities, and 2 supportive housing communities — totaling more than 3,200 apartment homes across 9 North Carolina counties, with 8 additional communities currently under development.
The organization's core products are LIHTC-financed rental housing across family, senior, and supportive-housing asset classes, complemented by a Homeownership Center that delivers pre-purchase counseling, financial education, and foreclosure-prevention services. DHIC also operates within the Purpose Built Community framework, layering resident services onto its physical assets to address broader community outcomes rather than housing alone.
DHIC's revenue model combines below-market rental income from affordable tenants with capital inflows from Low-Income Housing Tax Credit (LIHTC) allocations, conventional and public debt, philanthropic contributions, and public-sector grants. Major recent capital formation includes 2021 LIHTC awards covering 627 units across five projects and a 2022 allocation of $991,236 for Creston Commons. Governance and operating capabilities include CORES Certification, a 2023–2025 Strategic Plan, and a Racial Equity, Diversity, and Inclusion (REDI) Committee formed in 2020 under President and CEO Yolanda Winstead, who assumed the role that same year.
DHIC firmographics
Firmographics- Name
- DHIC
- Legal name
- DHIC, Inc.
- Website
- https://dhic.org
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DHIC is a 501(c)(3) nonprofit founded in 1974 that develops, owns, and manages 45+ affordable rental communities totaling more than 3,200 apartment homes across 9 North Carolina counties, supplemented by a Homeownership Center providing counseling and foreclosure-prevention services.
- Ownership category
- akta.pro rank
DHIC industry classification
Industry- Product category
- Affordable Housing
- NAICS
- Assisted Living Facilities for the Elderly (623312), Other Residential Care Facilities (623990), Services for the Elderly and Persons with Disabilities (624120)
- SIC
- Services-To Dwellings & Other Buildings (7340), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)
- akta.pro secondary industry
- Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH)
Keywords
Where DHIC is headquartered
LocationHeadquarters
- HQ city
- Raleigh
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
DHIC business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Rental Income: DHIC generates primary revenue through rental income from their apartment communities. All apartment communities have income restrictions, offering lower rent costs than typically found in the marketplace. They own and manage more than 3,200 apartment homes across the North Carolina Triangle area.
- Homeownership Center Services: DHIC's Homeownership Center provides homebuyer education workshops, counseling, foreclosure prevention, and access to special financing opportunities. Services include USDA Direct Rural Home Loans and Wake County Affordable Homeownership Program partnerships.
- Grants and Public Funding: DHIC receives funding through Low-Income Housing Tax Credits, grants from organizations like NeighborWorks America, and public financing from Wake County, City of Raleigh, and NC Housing Finance Agency.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-based affordable rental housing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
DHIC product offering
Product offeringCore offering
DHIC develops, owns, and manages income-restricted affordable rental apartment communities across the North Carolina Triangle area, operating more than 3,200 homes across family, senior, and supportive housing properties. The organization also runs a Homeownership Center that delivers turn-key homebuyer education workshops, one-on-one counseling, foreclosure prevention, and access to special financing programs (USDA Direct Rural Home Loans and the Wake County Affordable Homeownership Program). Complementary resident services include financial literacy, health and wellness programs, community-building activities, and youth enrichment for residents of its apartment communities.
Product overview
DHIC is a nonprofit affordable housing organization offering a portfolio of housing services across the North Carolina Triangle area. The core offerings include Family Housing (27 communities), Senior Housing (20 communities), and Supportive Housing (2 communities), plus 8 properties under development. The Homeownership Center provides comprehensive homeownership services including education workshops, one-on-one counseling, foreclosure prevention, and access to special financing programs. The organization also provides resident services, financial literacy programs, and CORES-certified resident services coordination. All services are designed to strengthen communities by developing and preserving affordable housing and supporting residents through services that foster connection and stability.
Differentiator
Problem solved
Functional benefit
Products and services
- Family Housing
- Senior Housing
- Supportive Housing
- Homeownership Center
- Homebuyer Education Workshops
- Homebuyer Counseling
- Foreclosure Prevention
- Resident Services
- Financial Literacy Programs
Quantifiable outcome
- 2,288 families became homeowners through Homeownership Center
- +6 more outcomes
Companies that use DHIC
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
DHIC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DHIC partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and supporting.
- Resources for Seniorscore25+ year partnership ensuring seniors have access to services for independent living. Services include service coordination, transportation arrangement, wellness checks, food delivery, and mental health support. During COVID-19, coordinated vaccination clinics for over 400 residents and 441 boosters.
- Advance Community HealthcoreNon-profit community health center partnership for Healthcare At Home initiative. Provided COVID-19 testing at select DHIC apartment communities for residents and general community members.
- Raleigh Dream CentersupportingFaith-based nonprofit providing social services since 2015. Distributed meals across family communities through Wake County Public Schools partnership. Adopt-A-Block program provides food, back-to-school supplies, and holiday toy giveaways.
- Overflowing Handssupporting100% volunteer nonprofit providing basic needs and resources. Distributed fresh produce boxes, milk, and frozen meals across Wake County including DHIC family communities during COVID-19 pandemic.
- Southeast Raleigh PromisecorePartner in Raleigh's first Purpose Built Community along with Southeast Raleigh YMCA and Wake County Public Schools. Focused on holistic neighborhood revitalization achieving racial equity, improved health outcomes, and economic mobility.
- Southeast Raleigh YMCAcorePartner in Purpose Built Community initiative offering discounted YMCA memberships to Beacon Ridge residents and wellness activities for youth and adults.
- Wake County Public School SystemcorePartner in Purpose Built Community, with Southeast Raleigh Elementary School located within walking distance of Beacon Ridge apartments.
- Community Management CorporationcoreThird-party property management company managing DHIC communities. Professionally manages Beacon Ridge and other properties, ensuring safe, well-maintained, and inclusive communities.
- Fifth Third BanksupportingFinancial Empowerment E-Bus initiative providing mobile financial resource center. DHIC's Homeownership Center team provided credit reviews and consultations at Walnut Creek Elementary School event.
- Habitat for HumanitysupportingPartnership helping DHIC residents like Lashunda Snowden achieve homeownership. Residents complete sweat equity hours and receive DHIC homeownership education before purchasing Habitat homes.
- NeighborWorks AmericacoreNational network member providing training, grants, and support. Awarded $30,000 grant for energy audits and manages Business Intelligence Fellowship and Achieving Excellence Program.
- Brightspire (formerly Presbyterian Homes)coreJoint development partner for Milner Commons senior housing project. Previously worked together on Capital Towers Apartments renovation.
- Presbytery of New HopesupportingMid-Council of Presbyterian Church spanning 33 counties. Property reverted to Presbytery when Milner Memorial Presbyterian Church dissolved, leading to affordable housing development partnership.
- Self-HelpcoreCo-development partner for Hardee Street Apartments (700 N Hardee Street, Durham, NC 27703) and Willard Street Apartments in Durham. Raleigh and Durham-based nonprofit.
- The Kaleidoscope ProjectsupportingPartnered with DHIC Resident Services and Beacon Ridge Resident Ambassadors since April 2021, focusing on racial equity and social-emotional health of children.
Scale indicators10 records
Recent moves8 records
Expansion highlights4 records
DHIC competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
DHIC social profiles
Digital presenceDHIC financial estimates
Financial estimateRevenue estimate
Valuation estimate
DHIC leadership team
Management profileNumber of profiles
Profiles7 records
DHIC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DHIC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DHIC
What does DHIC do?
DHIC develops, owns, and manages income-restricted affordable rental apartment communities across the North Carolina Triangle area, operating more than 3,200 homes across family, senior, and supportive housing properties. The organization also runs a Homeownership Center that delivers turn-key homebuyer education workshops, one-on-one counseling, foreclosure prevention, and access to special financing programs (USDA Direct Rural Home Loans and the Wake County Affordable Homeownership Program). Complementary resident services include financial literacy, health and wellness programs, community-building activities, and youth enrichment for residents of its apartment communities.
Is DHIC a public or private company?
DHIC is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was DHIC founded?
DHIC was founded in 1974. It employs 11 to 50 people.
Where is DHIC based?
DHIC is headquartered in Raleigh, United States, in the North America region.
How does DHIC make money?
Three revenue lines are on record. Rental Income is the primary driver. The others are homeownership Center Services and grants and Public Funding.
Does DHIC have an API?
No public API is recorded for DHIC.
What industry is DHIC in?
DHIC's product category is Affordable Housing. Its primary akta.pro industry code is HLADAAAB, Affordable/Subsidized Independent Living (HUD/LIHTC) Communities, with a secondary code of HLADAAAH, Independent Living Community Development & Construction (Senior Housing Developers). Its NAICS code is 623312 and its SIC code is 7340.