Developer Partnerships
For over 30 years, we have worked hand-in-hand with developers, helping them navigate the complex development process to best serve their communities and strengthen local relationships. By connecting the dots between developers, investors and community advocates, we are able to provide seamless service for each, resulting in scores of successful projects. See how our experience and mission-driven mindset can help you achieve your vision.
How We Work
Project Consultation
Everyone at VCDC wants your vision to be successful and our Development Team is especially equipped to guide you through the development process. We have a wide spectrum of experience planning and implementing housing and community projects including the development of vacant land and buildings, new construction and rehabilitation of multi-family housing communities, mixed-use buildings with commercial and housing components, and historic buildings in need of a new purpose. These projects vary by size, resident income level, geography, design, and the population to be served (i.e., families, seniors, veterans, special needs populations, etc.). Our breadth of experience means we can help determine what makes the most sense for your development needs and even recommend other professionals including attorneys, accountants, architects, engineers, property managers, or financial consultants to round out your project team. When your project is underway, we continue to support you through the construction process to ensure your vision comes to life.
Feasibility Studies
As a community-minded developer you may have discovered projects that address community needs require more time, effort and expense to develop. Our Development Team is prepared to draw a financial road map so you can navigate your project to the finish line despite these challenges. We collaborate with our development partners to build financial projection models to study each project’s long-term feasibility. The end goal is for our staff to build on a feasibility study to underwrite your project for investment in one of our managed equity funds. However, the feasibility study may point you toward the need for additional project sources. If so, we can work together to identify and secure supplemental grant or loan funding. We provide feedback on the financial projections and feasibility analysis to help you make wise decisions that will ensure the future success of your project.
Tax Credit Financing
If you’re considering using Low-Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTC) or New Markets Tax Credits (NMTC) for your project, we can help. Over three decades we have invested in 230+ projects using one or more of these credit types. We often work with our development partners to prepare tax credit applications and consult during the application process. Our team has an expertise in structuring tax credit deals and getting projects ready for tax credit investment by our equity funds. We walk with you through each step of the tax credit syndication process to equip your project with the equity funding it needs to thrive. And when the construction phase of your project is complete, our Asset Management Team is there to provide hands-on support through the lease-up phase and into the long-term operational phase of your tax credit project.
Lending & Financing
Thanks to our own lending affiliate, Virginia Community Development Fund (VCDF), we are able to play a critical role in several stages of a project. Even before there is a clear path to financing, VCDF can provide alternative financing and support to those who work with us to create successful real estate development projects in Virginia and its adjoining states. VCDF loans can support affordable housing as well as community and economic development activities. In the last five years, we have loaned over $43 million, including $8.5 million in financing for affordable housing and $35 million for critical economic development projects across VA and WV. VCDF loans have also helped create over 950 housing units targeted to residents with income below 60% AMI, including permanent supportive and accessible housing. VCDF is a certified Community Development Financing Institution (CDFI) and Community Development Entity (CDE) and receives financial support from the US Treasury’s CDFI Fund.
Why work with VCDC?
As a mission-driven organization we know the best way to meet the needs of the communities we serve is to support and equip community-minded developers like you. We work with our partners to add value at every stage of the development process.
Whether you need help planning a feasible project, identifying project funding, or shepherding your asset through construction and compliance, our primary strength is problem solving. We are ready to help move your project forward today.
“We appreciate the staff ‘s ability to make decisions based not only on their return on investment but also on community benefit and community impact. Out of town syndicators don’t generally grasp what a project can mean for the community; this becomes a competitive advantage for VCDC.”
Explore Our Impact Stories:
