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Community lender changes name

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RALEIGH, N.C. — The Community Investment Corporation of North Carolina has changed its name to the Community Investment Corporation of the Carolinas.

The new name is intended to reflect the group’s decision last year to expand its financing of affordable-housing developments to South Carolina.

The group, a subsidiary of the North Carolina Bankers Association, has 120 members in both states and is seeking new members in South Carolina.

To date it has provided financing or commitments totaling $153 million for more than 8,800 housing units for low-wage workers in the Carolinas.

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