$54 Million for Virginia Communities: Housing Equity Fund 24

VCDC’s latest Low-Income Housing Tax Credit Fund will help create and restore over 485 affordable homes.

Housing Equity Fund 24, totals over $54,000,000 in investments from local banks and will help seniors, individuals living with disabilities and families throughout Virginia have access to safe, sustainable and affordable homes. The equity fund closed in late 2020 and is expected to make an impact in the following communities: Abingdon, Ashland, Charlottesville, Kilmarnock, Newport News, Richmond and Williamsburg.

Among the neighborhoods that will benefit are:

Knightsbridge Apartments – Arlington, VA: Developed by Wesley Housing

Omni Park Place – Ashland, VA: Developed by Project:Homes

Spratley House - Newport News, VA: Developed by NNRHA

The Planet Apartments - Richmond, VA

Cool Lane Commons - Richmond, VA

Sweetbriar II - Abingdon, VA

Thank you to our Fund 24 investment partners for your dedication to supporting vibrant communities and to our development partners for entrusting us to help you drive change in the communities you serve.

Our work to develop tax credit financing for affordable housing in the Mid-Atlantic region continues with the opening of the Housing Equity Fund 25, which will be accepting investors by late in the first quarter of 2021.

Contact us to learn more about how we can collaborate to meet your banks CRA investment needs or to develop your community vision as part of our next fund offering.