Regulation D · Rule 506(b) · Accredited Investors Only

Veteran housing
backed by the
U.S. Treasury.

Prosperity Commons is a 16-bed VA Clinical Treatment facility in Winston-Salem, NC with a confirmed federal grant agreement. We are raising $350,000 in Round 1 to complete the campus and open October 1, 2026.

Federal Award Identification
NCGD063-7665-659-PD-27
Program
VA Grant & Per Diem — PDO
VISN
VISN 6 — VA Mid-Atlantic
Beds Authorized
16 Clinical Treatment Beds
Grant Ceiling
$2,242,560 (3-year)
Per Diem Rate
Up to $160/bed/day at 200% waiver (final rate per VA determination)
Annual Revenue
$607K – $747K/year (65–80% occupancy)
Operational Deadline
October 1, 2026
Award Status
Grant Agreement — Execution Stage
✓ Payer: U.S. Department of Veterans Affairs
$747K
Annual Revenue at 200% Waiver (80% occ.)
2.5×
Bldg 1 Debt Coverage (NOI basis)
10%
Round 1 Preferred Return
1.5×
Preferred Coverage at Stabilization
80
Total Beds — Full Campus
Investment Opportunity

Two raises. One campus.

Round 1 opens Building 1 by October 1, 2026 — the hard federal deadline. Round 2 builds the full 80-bed campus with four new fourplexes and a dedicated clinical training center. Round 1 investors get first right of refusal on Round 2.

Round 1 — Now Open
$350,000
Building 1 Renovation + Launch + Operating Bridge
⚡ Offering Window: July 27 – August 31, 2026
Preferred Return 10% per annum
Minimum Investment $25,000
Investor Limit 14 accredited investors
Exemption Reg D Rule 506(b)
Revenue Source U.S. Treasury (VA)
Bldg 1 DSCR 2.5× (NOI basis)
Express Interest — Round 1
Round 2 — Q4 2026 Launch
$3,500,000
Buildings 2–5 + Admin & Clinical Training Center
🏗 Launch Trigger: Building 1 Operational Oct 1, 2026
Preferred Return 7% per annum
Minimum Investment $50,000
R1 Investor Rate 10% maintained on R1 capital
Total Beds (Full Campus) 80 beds
Stabilized Revenue $2.4M – $4.2M/year
Stabilized Lease NOI (CGH) ~$425K/yr · 1.5× pref coverage
Join Round 2 Interest List
Round 1 — $350,000

Where your capital goes.

Every dollar of Round 1 capital has a specific, time-bound purpose aligned to the October 1, 2026 federal deadline.

Use of Funds Amount Purpose % of Raise
Building 1 Renovation — Units 2, 3 & 4 $80,000 Finish-level renovation to VA inspection-ready condition by Aug 1, 2026 22.9%
Startup Costs (FF&E, EHR, Training, Insurance, Legal) $56,000 One-time launch costs including $38K furnishings, BestNotes EHR, staff training 16.0%
Modular Office/Clinical Trailer (Setup + 24-Month Lease) $45,600 Immediate administrative and clinical space while Buildings 2–5 are under construction 13.0%
Operating Bridge (12 Months) $84,000 Covers personnel and operating costs while VA per diem payment cycle normalizes (45-day lag) 24.0%
Legal & Securities Compliance $8,000 PPM preparation, Subscription Agreement, SEC Form D filing 2.3%
Contingency Reserve (15%) $40,000 Construction overruns, site assessment, unforeseen costs 11.4%
Working Capital Reserve $36,400 3-month operating reserve post-stabilization 10.4%
TOTAL $350,000 100%
Revenue Foundation

Three tiers.
All government-backed.

No market-rate tenants. No vacancy risk from inability to pay. No speculative demand. Every dollar flows from U.S. Treasury or North Carolina Medicaid.

Tier 1
VA Grant & Per Diem — Clinical Treatment
Building 1 · 16 beds · FAIN NCGD063-7665-659-PD-27 · Active grant agreement
$473K–$712K
U.S. Dept. of Veterans Affairs
Tier 2
Trillium Medicaid Clinical Billing
Buildings 2–5 · CST, OPT, TCM billing · Operated by Carolina Growth Clinical Care, LLC · LCSW-led clinical team, Trillium enrollment in progress · Activates as buildings open
$1.5M–$2.3M
NC Medicaid via Trillium Health Resources
Tier 3
Trillium BH Residential Per Diem — DHHS Licensed
Buildings 2–5 · 64 beds · Operated by Carolina Growth Clinical Care, LLC · DHHS 10A NCAC 27G licensure pathway, Orrin Bynes LCSW as QP anchor · Target activation 2028
$3.2M–$4.2M
NC Medicaid · DOJ-mandated referral pipeline
Financial Projections

Ten years. Two entities. One model.

NCGDI (501(c)(3) nonprofit) operates the programs and holds the payer contracts. Carolina Growth Holdings, LLC (for-profit) owns the campus and leases it to NCGDI under a master lease of $3,000/month base plus $300/month per occupied bed. Projections below reflect the base case: Building 1 GPD operations from October 2026, Tier 2 outpatient billing from 2028 as Buildings 2–5 open, and Tier 3 residential per diem live in 2028.

NCGDI — Nonprofit Operating Entity ($000s, FY Oct–Sep)

FYGPD (B1)Tier 2 OutpatientTier 3 ResidentialTotal RevenueOperating ExpensesNet Surplus
2027514514606(92)
20287488009002,4482,298150
20297621,9003,1505,8125,433379
20307781,9383,7006,4165,976440
20317931,9773,7746,5446,092452
20328092,0163,8506,6756,210465
20338252,0573,9276,8096,330479
20348422,0984,0056,9456,452493
20358592,1404,0857,0846,578506
20368762,1834,1677,2256,704521
10-Yr7,80617,10931,55856,47252,6793,793

Carolina Growth Holdings, LLC — For-Profit Property Entity ($000s)

FYLease IncomeMortgage + Property CostsProperty NOIPreferred Return DueCash After Preferred
202768551335(22)
20281405585196(111)
202948055425280145
203048055425280145
203148055425280145
203248055425280145
203348055425280145
203448055425280145
203548055425280145
203648055425280145
10-Yr4,0485503,4982,4711,027

Preferred return coverage: CGH leases Building 1 to NCGDI (Lease A: $3,000/month base plus $300 per occupied bed) and Buildings 2–5 to Carolina Growth Clinical Care, LLC (Lease B: $3,000/month base plus $550 per occupied bed from each building’s delivery). At stabilization, combined CGH property NOI of ~$423K covers the full $280K annual preferred return obligation at ~1.5× coverage, with ramp-period accrued preferred cleared as Lease B income comes online. Lease A is subject to independent fair-market-value documentation and NCGDI board approval with interested parties recused.

Key Assumptions
  • Building 1: 16 beds at $160/bed/day (200% VA waiver rate); FY27 average occupancy 55% (ramp year), 80% thereafter; 2% annual rate escalation from FY29.
  • Tier 2 outpatient (CST/OPT/TCM): partial-year start FY28 as Buildings 2–5 open; $1.9M midpoint at full run-rate; 2% annual growth. Subject to Trillium provider enrollment.
  • Tier 3 residential per diem: 64 beds; DHHS 27G licensure and Trillium contract assumed complete in 2028 (base case); 85% stabilized census; $3.7M midpoint at full run-rate; 2% annual growth.
  • NCGDI operating margin ~10%, consistent with the filed VA GPD application budget (9.9%). FY27 ramp deficit bridged by Round 1 operating bridge proceeds.
  • CGH lease: $3,000/month base + $300/month per occupied bed during ramp, stepping to $550/month per occupied bed upon Tier 3 activation (FY2029); mortgage $2,500/month on $380K debt; property costs estimated $25K/yr. No renovation debt; Buildings 2–5 funded by Round 2 equity. Stepped rate subject to FMV documentation and board approval.
  • Preferred returns: 10% on Round 1 ($350K), 7% on Round 2 ($3.5M), full deployment by FY29.
  • GPD grant renewals beyond the initial 3-year agreement (FY27–FY29) are assumed but, per the grant agreement, subsequent budget periods are not guaranteed.
  • Projections are estimates based on stated assumptions, involve known and unknown risks, and do not guarantee future results.
Leadership

The team that built this.

Every person on this team holds a credential, relationship, or license that another team simply cannot replicate. This isn't a startup — it's a credentialed platform.

Executive Director · CGH Principal
James W. Powell Jr.
PMP · MBA · NC Broker-in-Charge · 21+ Years
Fortune 500 project management background including Truist, Lowe's, and Wells Fargo. Direct relationship with W.G. Hefner VAMC and HUD-VASH supervisor. GPD grant agreement signatory. Founded NCGDI in 2024 with a specific focus on veteran housing using federal per diem as the primary revenue engine.
VA Relationship HUD-VASH PMP Certified Real Estate BIC
Clinical Director
Orrin A. Bynes
LCSW · MBA · MSW · U.S. Army Veteran
Licensed Clinical Social Worker and U.S. Army combat veteran whose LCSW licensure enables Trillium Tier 2 Medicaid billing from Building 2 opening day and satisfies the Qualified Professional requirement central to DHHS 27G residential licensure. Former Tailored Care Management Supervisor with direct experience inside the NC Medicaid authorization system that will approve Prosperity Commons placements. Actively completing LCAS licensure and EMDR certification under contracted supervision, on a defined 18–24 month pathway. His veteran status creates authentic alignment with the Building 1 clinical program population.
Army Veteran LCSW Licensed Trillium Network Medicaid Billing
Contracted Clinical Partner · SUD & Trauma Services
Dr. Wanda Brown-Ramseur
Ed.D. · LPC-S · LCAS · CCS · EMDRIA Approved Consultant
Doctoral-level clinician holding LPC-S (mental health, supervisor level) and LCAS (addictions) licensure plus CCS clinical supervisor designation and active EMDRIA Approved Consultant status. Her engagement provides the LCAS clinical authority and EMDR trauma therapy capability supporting the 200% per diem waiver rate scope of services, and supervises the Clinical Director's LCAS and EMDR credentialing pathway. Founder of Steps Towards Success, PLLC with 20+ years in complex trauma and addiction treatment.
LPC-S + LCAS + CCS EMDRIA Approved Consultant SUD Clinical Authority Credentialing Supervisor
Chief Operating Officer
Shane D. Causer
NCALA #A00003962 · MS Gerontology
Licensed NC Assisted Living Administrator (#A00003962) with an MS in Gerontology. Shane's hospital discharge coordinator network provides the direct referral pipeline for Buildings 2–5 census from day one — the operational engine behind census velocity. His administrator credential positions the campus for any future adult-care-home licensed capacity, and his operations leadership anchors day-to-day facility management across the five-building campus.
NCALA #A00003962 Hospital Referrals Census Pipeline Campus Operations
CFO · Board Treasurer
Ronald Buchanan
Finance · Asset Management · Internal Controls
Board CFO and Treasurer providing financial oversight, internal controls, and fiscal compliance governance. Co-signatory on CGH financing, providing personal credit support for the renovation loan. Oversight of grant draw processes, budget-to-actual reporting, and long-term financial sustainability planning for the full 5-building campus.
Board CFO Financial Oversight Co-Signatory
General Contractor · Advisory Board
Burney & Burney Construction
35+ Years · Residential & Commercial · Winston-Salem
Active on the Building 1 renovation with 35+ years of residential and commercial construction experience in Winston-Salem and Forsyth County. Deep familiarity with permitting, inspections, and local building department requirements. Member of NCGDI's Advisory Board, providing construction oversight and cost control expertise across all five campus buildings.
Active on Site 35+ Years Advisory Board Local Expertise
Critical Path

Every date is fixed.

The October 1, 2026 operational deadline is established by 38 CFR § 61.30(c). This is not a business projection — it is a federal regulatory requirement.

January 2026
VA GPD Application Submitted
FAIN NCGD063-7665-659-PD-27 assigned — FY2027 Per Diem Only program
June 11, 2026
VA Grant Agreement Received ✓
Active consideration confirmed — 16 Clinical Treatment beds authorized by VA National Program Office
June 25, 2026
Grant Agreement Signature — eGMS
NCGDI signs in VA electronic grants management system — IMMEDIATE action
August 31, 2026
Round 1 Closing — $350,000
Renovation funded by bridge financing and Round 1 proceeds; September 1 completion target ahead of the October 1 federal deadline
September 1, 2026
Building 1 Renovation Complete
Units 2, 3 & 4 finished — 30-day buffer before the October 1 operational deadline
September 2026
VA Formal Inspection — Station 659
W.G. "Bill" Hefner VAMC conducts site inspection and program review
September 2026
Final Award Decision — VA Countersignature
VA countersigns grant agreement — full $2,242,560 award confirmed
October 1, 2026
🎯 Building 1 OPERATIONAL
First veteran admitted — VA per diem billing commences — U.S. Treasury revenue begins
Q4 2026
Round 2 Launched — $3,500,000
Buildings 2–5 funding opened — Round 1 investors get first right of refusal
Q2 2028
Full Campus Operational — 80 Beds
All three revenue tiers active — stabilized NOI approaching $1.5M annually
Financial Returns

What investors receive.

10% preferred return for Round 1 investors — paid annually from CGH distributable cash flow before any distributions to common equity or management profit sharing.

Investment Amount Annual Return (10%) 5-Year Total Return 10-Year Total Return Coverage at Yr 3 NOI
$25,000 (minimum) $2,500/year $12,500 $25,000 59.4× covered
$50,000 $5,000/year $25,000 $50,000 29.7× covered
$100,000 $10,000/year $50,000 $100,000 14.8× covered
$175,000 $17,500/year $87,500 $175,000 8.5× covered
$350,000 (full round) $35,000/year $175,000 $350,000 4.2× covered

Coverage calculated against Year 3 base case NOI of $1,484,108. At 200% waiver rate, Year 3 NOI reaches $2,527,259 — coverage increases proportionally.

Ready to invest in
veteran housing?

Express your interest below. We will send you the NDA and full Private Placement Memorandum prepared by securities counsel. No commitment is made until you review and sign the Subscription Agreement.

Organization
NC Growth & Development Initiative, Inc.
Property
1242 W. Academy Street, Winston-Salem, NC