The mission of Virginia Community Capital is to support housing and community development ventures, increase jobs and build sustainable communities by offering flexible financial products and advisory services.
While originally chartered in 1995, VCC was transformed in the fall of 2005 from a small CDFI doing microlending and IDA programs in 3 counties to a larger CDFI with $17 million in equity capital operating throughout the Commonwealth. By year-end 2007, VCC was a viable, statewide CDFI with a loan portfolio of approximately $10 million with 0% delinquencies. VCC completed 23 community development projects; creating or preserving 623 affordable housing units and creating or preserving 83 living-wage, permanent job opportunities. Additionally, the capital base of the organization grew from $15 million at YE 2005 to $19.1 million at YE 2007. Assets of the organization grew to $28.3 million. As the organization ended 2007, it had also laid the foundation for the opening of a regulated community development bank and began to focus on new strategic directives to guide its growth for the next 3 years.
VCC offers Advisory services to help small businesses, non-profits and government entities operate more effectively. We focus on organizations that create jobs, develop affordable housing, provide access to critical services such as health care, promote asset building and support economic revitalization.
We also work to build the capacity of the industry by facilitating collaboration and promoting professional development. Simply contact us to talk about what you are trying to accomplish – with your business, in your community, or for your neighborhood.
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.
Copyright © 2014 The Community Foundation Serving Richmond & Central Virginia7501 Boulders View Drive, Richmond, VA 23225804-330-7400 | www.tcfrichmond.org