The Town of Clifton Forge is entering an exciting, pivotal moment for restoration and transformation through a downtown Yard Office rehabilitation project.

The Power of Connection: Networking and Communicating with Purpose is a full-day professional training event that walks you through strategic networking and communication skills for work, career, leadership, and life. This event serves as an opportunity for community development professionals to step out of the day-to-day and invest in professional growth while connecting with people who understand the opportunities and challenges of creating positive change in Virginia's communities.

The Mission Elevation program is an extension of VCDC's commitment to ensure communities are vibrant for all residents. Created 5 years ago, Mission Elevation is the newly named iteration of the successful program the Nonprofit Sustainability Challenge.

VCDC is excited to announce the closing of Madison Roads Apartments in Orange County, VA. This new 4-story affordable complex will create 21 permanent supportive housing units, offering well-below market rate rents targeting low-income individuals with disabilities.

Historic Downtown Tappahannock is helping one of Virginia’s most historic downtowns imagine what comes next. Set along the Rappahannock River, Tappahannock’s downtown district holds deep history, local character, and significant opportunity. With 14 buildings dating back to the 18th century and a place on the National Register of Historic Places, the downtown reflects generations of community life, commerce, and connection. 

For nearly 50 years, the Albemarle Housing Improvement Program (AHIP) has worked to preserve safe, affordable homeownership for families across Charlottesville and Albemarle County. Through critical home repairs, AHIP helps residents remain safely housed, maintain stability, and stay connected to the communities they call home. But as housing challenges grow more complex and community needs continue to rise, AHIP recognized that sustaining this work for the future would require more than strong services alone — it would require investing in the long-term strength and sustainability of the organization itself.  

In April 2025, VCDC celebrated the opening of Woods George Apartments in Philippi, West Virginia. Led by Woodlands Development and Lending, the project transforms a historic downtown building in Philippi from neglect into high-quality affordable homes with a first-floor storefront. This adaptive reuse effort brings new life to a building with deep roots in the community while also helping meet the need for rental housing and economic revitalization in Philippi, where poverty remains high. 

VCDC is proud to be a partner on the Hotel Thelma revitalization project in Bluefield, WV, celebrating the project’s groundbreaking ceremony in February. Lead by Bluefield Arts and Revitalization Corporation (BARC), this project preserves historic Hotel Thelma, a former Green Book property, creating 10 new affordable apartments in the city's historic Black community for the first time in decades.  

NOON Hioaks Phase II is a newly constructed affordable housing development in Southwest Richmond creating high-quality, affordable homes for low-income families. This 151-unit building, featuring two- and three-bedroom units, is part of the innovative 8-acre NOON Hioaks Community which currently offers 218 multifamily units in the Phase I property.

The VCDC Housing Equity Fund 29 will help low-income households throughout Virginia have access to safe, sustainable, and affordable homes. Thanks to the valued support from nine investment partners, VCDC raised $53.4 million in low-income tax credit equity to support the development of affordable housing in the Virginia localities of Norfolk, Lebanon, Manassas, Richmond, Saltville, Orange Wytheville, and Charlottesville.

Jessica Clarke, Corporate Treasury Manager at Atlantic Union Bank, has worked with VCDC to deliver responsible and impact-driven financing to affordable housing for over 16 years. Her partnership with us has helped us continue to create impactful equity funds each year that benefit communities and neighborhoods across Virginia and West Virginia.

Zack Loren is a valued partner of VCDC, serving as a Capital Officer in Community Finance at Capital One for over 3 years. Zack’s and Capital One’s partnership with VCDC have helped making our housing equity funds possible over the years, bringing hundreds of affordable homes to families across Virginia.

Sixth Street Phase I is a newly constructed multifamily community in downtown Charlottesville designed to create high-quality, affordable homes for low-income families. This 47-unit building, featuring a mix of one-, two-, and three-bedroom units, will involve an innovative approach to affordable housing that encourages residents themselves to make crucial choices in the design and construction of this new community.  

Tranquility at the Lakes II (Tranquility II) is a new affordable housing community in Virginia Beach creating 38 apartment homes for low-income seniors. This community builds off the first phase Tranquility at the Lakes, completed in 2016, which offers 40 affordable senior apartments. Tranquility II will offer affordable apartment homes for residents making 60% or less of the area median income in an area where accessible and affordable homes are in high demand.  

Goodson Hills is a new affordable housing community in Bristol, VA that will create 23 apartment homes serving low-income families. The development will be constructed on the former site of Bonham Circle, a public housing community that was demolished in 2015. 

Greenway Village is a new construction affordable housing community in the heart of Richmond, Virginia’s Northside that will create 56 rental homes for low-income families making 40%-60% of the Area Median Income.

VCDC is excited to welcome Swansboro Place into our affordable housing portfolio. Swansboro place is a new apartment community with 90 apartment homes designed for low-income families in Richmond, VA. Swansboro Place aims to provide affordable yet high-quality housing while embracing the neighborhood's convenience and urban amenities.    

Angela Taylor, VCDC’s Director of Asset Management, recently graduated from Virginia Housing Alliance’s first cohort of the Housing Leadership Institute (HLI). The HLI is a 10-month intensive, targeted program designed to leverage training, coaching, and peer support for housing professionals. The program assists these professionals in growing management skills and creating a career development plan to catalyze their leadership trajectory.

South First Street Phase Two is a resident-led housing redevelopment effort that creates 113 income-restricted apartment homes in Charlottesville for low-income individuals and families.