Director of VCDC Community Lenders
Release date: June 5, 2026
Anticipated Start Date: October 1, 2026
Position Overview
The Director of VCDC Community Lenders leads the strategy, growth, and operations of VCDC’s community development lending activities. This role leads the raising, structuring, and deployment of debt and other mission-aligned capital to support impactful community development projects across Virginia and surrounding states.
The Director cultivates strong relationships with borrowers, investors, lenders, philanthropic partners, and public funding partners while overseeing lending practices, portfolio performance, compliance, and community impact.
Working closely with VCDC’s leadership and operational teams, the Director helps advance strategic initiatives, organizational growth, and mission-driven capital deployment.
About VCDC
VCDC is a nonprofit community development organization based in Richmond, Virginia. We provide capital solutions and strategic partnerships that support affordable housing, economic opportunity, and community development across Virginia and surrounding states.
Our work includes:
Affordable housing and community development investments supported by Low-Income Housing Tax Credits, Historic Tax Credits, and other federal and state tax credit programs.
Flexible lending and mission-driven capital deployment through VCDC Community Lenders.
Technical assistance, leadership development, organizational capacity-building, and development support services delivered through a range of VCDC initiatives, including VCDC Development Works and Mission Elevation.
Asset management, compliance, and portfolio oversight services for affordable housing and community development initiatives.
Strategic advisory and consulting services that help strengthen equitable housing, economic opportunity, and neighborhood investment.
Our Values
People — We go the extra mile for those we serve and work with.
Partnerships — We collaborate with empathy, curiosity, and shared purpose.
Community — We define success by the housing and economic security we help deliver.
Equity — We invest in overcoming injustice and advancing opportunity.
VCDC Community Lenders is a nonprofit affiliate of VCDC and is certified by the U.S. Department of the Treasury as both a Community Development Financial Institution (CDFI) and as a Community Development Entity (CDE).
For more than 18 years, VCDC Community Lenders has provided flexible financing for projects that improve access to housing, jobs, services, and economic opportunity in underserved communities throughout Virginia and West Virginia. We are committed to delivering responsible, mission-driven capital through predevelopment, construction, bridge lending, and other community finance tools.
Key Responsibilities
Capitalization, Growth, and Strategy
Provide leadership and operational oversight for VCDC Community Lenders and its community development lending activities.
In coordination with VCDC leadership, help lead the strategic direction and long-term growth of VCDC Community Lenders.
Develop and maintain a robust pipeline of capital sources, lending opportunities, and mission-driven development projects.
Raise lending and investment capital through debt, equity, grants, public resources, philanthropic support, and institutional partnerships.
Build strong relationships with banks, investors, foundations, government partners, developers, nonprofit organizations, and community stakeholders.
Identify opportunities to expand VCDC Community Lenders’ assets, lending capacity, and community impact.
Capital Deployment & Lending Operations
Lead and oversee lending activities across the project lifecycle, working collaboratively with internal teams and external partners on sourcing, underwriting coordination, structuring, approvals, closings, and portfolio monitoring.
Ensure capital is deployed strategically and responsibly in alignment with VCDC’s mission and community development priorities.
Work with internal teams and external advisors to structure financing solutions that appropriately balance risk, return, compliance, and community impact.
Coordinate Loan Committee review and approval processes.
Provide leadership and oversight to staff and collaborative teams supporting loan origination, portfolio management, compliance, reporting, and borrower relationships.
Pipeline & Partnership Development
Proactively source and cultivate projects suitable for lending and other community finance tools.
Maintain active relationships with prospective borrowers, funding partners, and mission-driven development projects.
Represent VCDC Community Lenders externally to strengthen visibility, credibility, partnerships, and deal flow.
Collaborate with VCDC leadership, staff, and board members to identify emerging financing needs and strategic opportunities.
Portfolio, Compliance & Asset Management
Oversee the performance and health of the lending and investment portfolio.
Work with finance and data teams to track portfolio performance, compliance requirements, financial reporting, and impact metrics.
Maintain accurate records using systems such as Power BI and Down Home Solutions.
Ensure continued compliance with CDFI Fund requirements, CDE requirements, investor agreements, funder obligations, and applicable public and private financing programs.
New Markets Tax Credits and Specialized Financing Tools
Support the application process, management, deployment, and compliance of New Markets Tax Credit allocations when applicable.
Ensure New Markets Tax Credit projects meet program requirements and demonstrate meaningful benefits to low-income communities.
Integrate New Markets Tax Credits and other specialized financing tools into a broader mission-driven capital deployment strategy.
Board & Stakeholder Engagement
Serve as the primary staff liaison to the VCDC Community Lenders Board of Directors and Loan Committee.
Prepare reports, facilitate meetings, and support Board decision-making.
Partner with legal counsel, consultants, financial institutions, and advisory partners to structure transactions and maintain compliance.
Communicate clearly with internal and external stakeholders regarding pipeline, portfolio performance, capital needs, and community impact.
Performance Expectations
Success in this role will be measured by the Director’s ability to:
Raise and deploy capital in alignment with VCDC’s mission.
Maintain strong relationships and ongoing opportunities with capital sources, borrowers, and community development partners.
Grow and strengthen VCDC Community Lenders’ lending activities and community impact.
Maintain a healthy, compliant, and mission-aligned portfolio.
Build trusted relationships with lenders, investors, funders, borrowers, board members, and community partners.
Ensure accurate reporting on financial performance, compliance, and community impact.
The Director is employed by VCDC and operates within a coordinated governance structure alongside the VCDC Community Lenders Board. VCDC provides employment oversight and regular performance evaluation, while the VCDC Community Lenders Board retains governance responsibility for the organization’s compliance, certification, and strategic obligations.
Qualifications
At VCDC, we recognize that leadership and impact come from a variety of paths. If you believe you have the skills and experience to succeed in this role, even if you do not meet every listed qualification, we encourage you to apply.
The Director of VCDC Community Lenders should have significant experience in community development finance, lending, and capital deployment, with the ability to build strong relationships, manage complex transactions, and advance mission-driven community investment strategies.
A successful applicant will:
Demonstrate a commitment to expanding access to capital and financial resources for low-income and underserved communities.
Build and maintain strong relationships with borrowers, investors, funding partners, and community stakeholders.
Work independently while collaborating effectively across teams and with external stakeholders.
Balance mission impact with sound financial and operational decision-making.
Be flexible, strategic, relationship-driven, and eager to learn.
Minimum Qualifications
Bachelor’s degree in business, finance, urban planning, public administration, law, real estate, or a related field, or equivalent professional experience.
Minimum of 7 years of experience in community development finance, CDFI operations, commercial lending, affordable housing, economic development, or related fields.
Experience raising, structuring, and deploying capital through debt, equity, grants, public financing, or investment partnerships.
Strong understanding of lending, underwriting, financial analysis, portfolio management, and borrower relations.
Experience managing complex financial transactions and ensuring compliance with public and private funding requirements.
Experience building partnerships with financial institutions, investors, government agencies, nonprofit organizations, and community stakeholders.
Strong organizational, analytical, and problem-solving skills.
Excellent written, verbal, and interpersonal communication skills.
Experience supervising staff and managing collaborative, cross-functional work.
Proficiency with Microsoft Office Suite, particularly Excel.
Preferred Qualifications
Graduate degree or advanced training in business, finance, economics, urban planning, public administration, or a related field.
Experience within the Community Development Financial Institution (CDFI) industry.
Familiarity with New Markets Tax Credits (NMTCs) and other community development finance tools.
Knowledge of affordable housing finance and community development lending structures.
Experience with financial reporting, portfolio management, and data systems such as Power BI and Down Home Solutions.
Knowledge of community development, racial equity, and economic inclusion principles.
Experience working with boards, loan committees, or mission-driven investment entities.
Work Environment & Additional Information
Location/Primary Base of Operations: Richmond, VA
Work Arrangement: Hybrid (Remote/In-Person)
Position Type: Full-Time, Exempt
Typical Work Schedule: 8:30am-4:30pm, Monday through Friday, though hours may shift occasionally based on business needs.
Travel: Frequent statewide and regional travel is an integral part of this position and a valid driver’s license is required.
Reports To: COO
Department: VCDC Community Lenders
Supervisory Responsibility: Yes
Organizational Culture: VCDC fosters a values-driven culture grounded in our mission. Team members are expected to work with purpose and clarity, lead with integrity and inclusion, communicate transparently and collaboratively, and commit to continuous learning and improvement.
Physical Requirements: The physical demands and requirements described below are representative of those that must be met by an employee to successfully perform the essential functions of this role. While performing the duties of this job, the employee is frequently required to: sit, move, communicate verbally and in writing, lift objects up to 20 pounds, and read, analyze, and calculate various types of data and information. Site visits and inspections may occasionally require kneeling, crouching and squatting. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the role.
Compensation & Benefits
At VCDC, we believe compensation should reflect both the impact of the work and our commitment to organizational values. We use national and local salary surveys, structured pay bands, regular compensation analysis, and internal benchmarking to ensure our compensation practices remain fair, competitive, equitable, and transparent.
Salary Range: $100,000–$145,000 annually, plus benefits. This range reflects the full pay band for the role over time and does not necessarily represent the starting salary.
Expected Starting Salary: $100,000–$125,000, depending on experience, skills, qualifications, and overall alignment with the position requirements. Compensation increases are tied to performance, tenure, and organizational advancement.
Bonuses: Performance-based bonuses may be available depending on individual and organizational outcomes.
Our total compensation package includes a range of financial, wellness, and professional benefits:
Health & Wellness: Medical, dental, and vision insurance with 100% employer-covered options; 24/7 telemedicine; a confidential Employee Assistance Program (EAP) offering mental health and wellness support; and access to a free office gym
Time Off & Flexibility: Generous paid time off (PTO) and volunteer time off; hybrid work environment; free parking; casual dress; and ergonomic workstations
Financial Security: Employer-paid life, AD&D, and long-term disability insurance; retirement plan with employer-funded contribution after one year; and tech/cell phone stipend (as applicable)
Professional Growth: Tuition reimbursement, industry certification support, and a mission-driven, learning-focused culture
Note: Benefits and compensation details are provided for informational purposes and are subject to change.
How to Apply
Please submit your resume and a brief cover letter describing your interest and qualifications here. Applications will be reviewed on a rolling basis, and the position will be open until filled.
Equal Opportunity & Equity Statement
VCDC is an equal opportunity employer committed to building a diverse and inclusive team. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran status, or any other protected status as required by law.
Background Check Notice
All offers of employment at VCDC are contingent upon the successful completion of a background check. This may include verification of employment and education history, reference checks, Social Security validation, and a review of criminal history. A criminal record does not automatically disqualify a candidate. We consider the nature of the offense, how long ago it occurred, its relevance to the role, and whether it presents an unreasonable risk to our organization or community.