An initiative by HUD to develop community-oriented finance institutions known as Community and Individual Investment Corporations (CIICs). These entities will be owned by the residents of selected Empowerment Zones (EZs), Enterprise Communities (ECs) and other eligible communities. The goal of the CIIC is to provide capital access to inner city residents who join with the private sector and government in investing in their community. The CIIC's role will vary from community to community. The CIIC might make direct loans as a retail lender or it will function as a wholesale lender by carrying out its financing activities through existing institutions.