Bringing new life to underutilized properties through flexible public-private financing.

RISE Infill helps unlock redevelopment opportunities by partnering with private lenders to close financing gaps for eligible projects in Greensboro’s reinvestment areas and corridors.

Whether you are redeveloping an underutilized building, renovating aging commercial space, or planning a new infill commercial or mixed-use project, RISE Infill may help move your project forward.

Through RISE Infill, the City supports projects that revitalize underutilized properties, invest in key locations, strengthen commercial corridors, and expand economic opportunity across Greensboro.

To get started, contact one of the participating lenders listed below.

---

What This Program Supports

RISE Infill supports commercial infill development and redevelopment that strengthens neighborhoods, commercial corridors, and long-term private investment in Greensboro.

Note: This program is intended for commercial and mixed-use development and is not designed for standalone residential projects, home renovations, or residential subdivision development.

Projects that may qualify include:

• Redevelopment of vacant or underutilized commercial buildings
• Renovation of aging commercial properties
• Commercial infill development
• Mixed-use commercial and residential development
• Revitalization of commercial corridors

Project scale and financing expectations:
Projects should be of a scale and structure appropriate for commercial lending and must be underwritten by participating lenders.

Borrowers should be prepared to contribute new equity to the project. At a minimum, this typically includes a cash equity investment of at least 10% of total project costs, exclusive of the value of land or existing buildings.

 

Important eligibility note:
Projects must be located within designated Reinvestment Areas, Reinvestment Corridors, or Downtown.

View the interactive eligibility map and search by address to determine whether your project may qualify.

---

How It Works

RISE Infill is a lender-driven financing tool. Borrowers work directly with participating lenders and do not apply to the City.

Step 1: Connect with a lender
A participating lender reviews the project concept, location, and financing need.

Step 2: Lender underwrites and conditionally approves the loan
The lender performs its standard underwriting. If the project qualifies and a financing gap exists, the lender may conditionally approve the loan subject to City participation through RISE Infill.

Step 3: City considers participation
The participating lender submits a request to the City for participation in the loan. The City reviews the project for eligibility and consistency with program requirements.

Step 4: Loan closes and project moves forward
If approved, the City participates in the loan and the project proceeds to closing.

Step 5: Loan is serviced by the lender
The participating lender services the loan, including payment collection and ongoing administration.

City participation is not a direct loan to the borrower. All participation requests are subject to program requirements and available funding.

---

Participating Lenders

Borrowers interested in the program are encouraged to contact one of the participating lenders below to discuss potential financing options.

Justin Spradley Senior Vice President Phone: 336-327-2559 justin_spradley@ucbi.com	Anthony Boyd VP, Business Development Officer Phone: 336-286-8768 aboyd@localfirstbank.com
Jonathan Fulton Branch Manager Phone: 336-493-7208 Jonathan.fulton@townebank.net	Kelvis Johnson Senior Commercial Lender, SVP Phone: 336-373-8528 kelvis.johnson@mfbonline.com

 

Interested in becoming a participating lender?

Banks, credit unions, and certified Community Development Financial Institutions (CDFIs) are eligible to participate in RISE Infill.

Contact:
Reggie Delahanty
Economic Development Coordinator
reggie.delahanty@greensboro-nc.gov
(336) 373-4624