Brick Capital Community Development Corporation

What Brick Capital Community Development Corporation does

Brick Capital Community Development Corporation is a 501(c)(3) nonprofit community development corporation founded in 1990 and headquartered at 822 South Horner Blvd in Sanford, North Carolina. The organization addresses affordable housing shortages and community disinvestment in Lee, Moore, Harnett, and Chatham counties by building and selling single-family homes, operating rental housing, providing HUD-approved housing counseling, and administering supportive housing programs for vulnerable populations including individuals with disabilities and victims of domestic violence and sexual assault. Brick Capital operates as a mission-driven nonprofit without proprietary technology, relying on direct community engagement, government partnerships, and grant funding to deliver services. The organization is governed by a Board of Directors chaired by Margaret Murchison and led by Executive Director Kerry Bashaw, with a staff of approximately 7 employees.

The organization's core offerings include a Home Ownership Program providing down payment assistance, pre-purchase counseling, credit analysis, and homebuyer education to working families earning 60% to 120% of area median income; a Home Development line constructing affordable single-family homes for families earning less than 80% of median income; a Rental Program encompassing 40 units at Apple Tree Apartments and 18 units of supportive housing through Lee-Harnett-Haven Housing (plus additional Chatham County duplexes and a single home); and HUD-approved Housing Counseling services offered at a $75 annual membership fee. Brick Capital also operates Permanent Supportive Housing under HUD's Continuum of Care initiative and the Back@Home rehousing program under the North Carolina Department of Health and Human Services. Community facilities include the historic W.B. Wicker Campus (restored 2001-2006, later sold to Lee County in 2018) and the Peace & Unity Community Garden. Over 35 years, the organization has built more than 80 homes and currently owns and manages approximately 22 units of supportive housing plus 40 Apple Tree Apartments.

Brick Capital's revenue model combines below-market rental income from owned housing assets, one-time proceeds from home construction and sale, $75 annual membership fees for homeownership counseling, private donations accepted via PayPal, and government grants and partnership financing from HUD, the North Carolina Housing Finance Agency, the Federal Home Loan Bank of Atlanta, the City of Sanford, and Lee County. Go-to-market is community-led, relying on referrals, local agency partnerships, social media channels (Facebook, Instagram, LinkedIn), and direct in-person consultations at Sanford offices. Reach is fundamentally bounded by affordable housing finance allocations, grant availability, and the rural regional geography of central North Carolina, with no disclosed plan for geographic expansion beyond the current four-county service area.

Name

Brick Capital Community Development Corporation

Legal name

Brick Capital Community Development Corporation

Website

https://bc-cdc.org

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Brick Capital Community Development Corporation is a 501(c)(3) nonprofit founded in 1990 in Sanford, North Carolina, providing affordable housing development, homeownership assistance, rental housing, HUD-approved housing counseling, and supportive housing services to low-to-moderate income families across four North Carolina counties.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Residential Building Construction (2361), Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), Other Community Housing Services (624229)

SIC

Operative Builders (1531), Operators Of Apartment Buildings (6513), Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Housing counseling services
• Supportive housing programs
• Homeownership assistance
• Community development

Headquarters

HQ city

Sanford

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Affordable Housing Development and Sales: Brick Capital builds and sells single-family homes to qualifying low-to-moderate income families. Families receive down payment assistance and can purchase homes through the organization's homeownership program. The organization also provides down payment assistance to help families increase equity through homeownership.
2. Rental Income: Brick Capital operates rental units including Apple Tree Apartments (40 units), Lee Harnett-Haven Housing I and II (18 units of supportive housing), and additional units in Lee and Chatham counties. Rent is charged to families earning 60% and below median income for Lee County.
3. Donations and Grants: As a nonprofit 501(c)(3) organization, Brick Capital accepts private donations to fund operating costs and client services. The organization also receives government grants and partners with public and private investors for housing development projects.
4. Housing Counseling Services: Brick Capital offers HUD-approved housing counseling services including homebuyer education courses and one-on-one housing counseling. The organization charges a $75 annual fee for the homeownership program membership.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Brick Capital Community Development Corporation is a nonprofit 501(c)(3) organization that builds and sells affordable single-family homes to low-to-moderate income families, manages rental housing properties, and delivers HUD-approved housing counseling and case management services. The organization constructs affordable housing, provides down payment assistance, runs rental programs including Apple Tree Apartments (40 units) and Lee-Harnett-Haven supportive housing (18 units), and offers housing counseling including pre-purchase counseling, homebuyer education, and mortgage delinquency resolution across Lee, Moore, Harnett, and Chatham counties in North Carolina.

Product overview

Brick Capital CDC is a nonprofit 501(c)(3) organization offering affordable housing and community development services across Lee, Moore, Harnett, and Chatham counties in North Carolina. The core offerings consist of Home Ownership and Home Development programs (which work together to build and sell affordable homes with down payment assistance), Rental Programs (including Apple Tree Apartments and supportive housing units), and HUD-approved Housing Counseling services. The organization also operates Permanent Supportive Housing and the Back@Home rehousing program for individuals experiencing homelessness. Community facilities include the historic W. B. Wicker Campus and the Peace & Unity Community Garden.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Ownership Program A home buying program for working families earning between 60% and 120% of area median income, offering down payment assistance, pre-purchase counseling, credit analysis, and homebuyer education classes to help families purchase homes in Lee and surrounding counties.
• Home Development Construction of affordable single-family homes for sale to working families earning less than 80% of median income, including custom design and contractor engagement processes. Over 80 homes have been built across Lee and surrounding counties over the past 35 years.
• Rental Program Affordable rental housing including Apple Tree Apartments (40-unit property) and Lee Harnett-Haven Housing (18 units of supportive housing), serving families earning 60% and below median income, plus additional units in Lee and Chatham counties.
• Housing Counseling HUD-approved housing counseling services including pre-purchase counseling, homebuyer education workshops, mortgage delinquency resolution, rental counseling, and financial literacy training for English and Spanish-speaking families.
• Permanent Supportive Housing (PSH) Long-term housing program under HUD's Continuum of Care initiative providing permanent housing assistance combined with supportive services for individuals and families experiencing chronic homelessness with disabilities. Includes 18 units in Lee County and 4 units in Chatham County.
• Back@Home Program A collaborative rehousing initiative under the North Carolina Department of Health and Human Services using progressive engagement strategies to help households exit homelessness through financial assistance and housing stabilization services.

Quantifiable outcome

• Over 80 homes built for families in Lee and surrounding counties over 35 years
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• HAVEN (Lee County)coreStrategic or Co-development Partner · 1 January 2009In 2009, partnered with HAVEN to build a 29-bed shelter and offices for victims of domestic violence and sexual assault. HAVEN provides services to domestic violence and sexual assault victims.
• Lee-Harnett Area Mental Health DepartmentcoreStrategic or Co-development Partner · 1 January 2003Partnered with Brick Capital to build Lee-Harnett-Haven Housing providing 12 units of supportive housing for the mentally ill and domestic violence victims.
• City of SanfordcoreStrategic or Co-development Partner · 1 January 2001Brick Capital partnered with City of Sanford to restore the W.B. Wicker School. The City of Sanford received a $1.75 million CDBG Revitalization Strategies grant through North Carolina Department of Commerce. The partnership transformed a blighted area and created the W.B. Wicker Business Campus.
• Lee CountycoreStrategic or Co-development Partner · 1 January 2001Lee County provided $200,000 as local match for the CDBG grant and partnered with Brick Capital to restore the historic W.B. Wicker School. Lee County later purchased the school in 2018 to return it to the Lee County Board of Education.
• U.S. Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerBrick Capital is a HUD-approved housing counseling agency. The organization operates Permanent Supportive Housing (PSH) program under HUD's Continuum of Care initiative.
• North Carolina Department of Health and Human ServicescoreStrategic or Co-development PartnerBrick Capital operates the Back@Home program under NC DHHS, a collaborative rehousing initiative for those experiencing homelessness.
• Central Carolina Community CollegeminorStrategic or Co-development PartnerThe restored W.B. Wicker School housed Central Carolina Community College's Life-Long Learning Center including Dental Hygiene Program, GED classes, ESL program, community computer lab, childcare center, and small business center.
• Lee County Social ServicesminorStrategic or Co-development PartnerLee County Social Services privately backed the Peace & Unity Community Garden project founded by Crystal B. McIver.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing and partners with local CDCs. Operates at greater scale and geographic breadth but shares the affordable housing development and community revitalization mission.
• NeighborWorks America: National network of 240+ affordable housing and community development nonprofits. Provides grant funding, training, and certification analogous to Brick Capital's HUD counseling model.
• North Carolina Housing Finance Agency: State housing finance agency that funds and partners with organizations like Brick Capital; comparable as the statewide affordable housing ecosystem steward, though operating at policy/capital-allocation level rather than direct service delivery.
• Local Initiatives Support Corporation (LISC) NC: National community development intermediary with significant North Carolina presence; comparable in providing affordable housing development support, financing, and capacity-building to local CDCs.

Direct peers

• Habitat for Humanity of Sanford Area: Local Habitat for Humanity affiliate that builds and rehabs affordable homes for low-income families in the same Lee County service area. Directly comparable in mission, build-and-sell model, and homebuyer counseling.
• Self-Help Credit Union: North Carolina-based CDFI and longtime Brick Capital partner on the W.B. Wicker project; provides mortgage financing to low-income borrowers and supports community development real estate, making it a mission-aligned peer with overlapping customer base.
• CASA (Community Action Agency) of Lee County: Regional Community Action Agency delivering antipoverty programs including housing assistance, weatherization, and case management in the same NC service area. Directly comparable in HUD-funded social service delivery to low-income populations.

Regional players

• Chatham Habitat for Humanity: Habitat affiliate operating in Chatham County, which is part of Brick Capital's service area. Comparable affordable homeownership builder with similar volunteer-driven model and LMI family focus.
• Reinvestment Partners: North Carolina-based nonprofit focused on affordable housing, healthy food access, and community development. Comparable in regional mission and CDC-style service delivery model, though operating in different NC geographies (Durham-centric).

Others

• North Carolina Coalition to End Homelessness: Statewide nonprofit coordinating Continuum of Care programs and supportive housing initiatives — a peer in the homelessness-services ecosystem and a likely convener/advocate that interacts closely with Brick Capital's PSH and Back@Home work.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/brickcapitalcommunity
• LinkedInlinkedin.com/company/brick-capital-community-development-corporation
• Instagraminstagram.com/brick_capital_cdc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brick Capital Community Development Corporation