VCDC’s Housing Equity Fund 29 brings 523 new homes to Virginia communities

VCDC’s Low-Income Housing Tax Credit Fund 29 will help create and restore over 523 affordable homes.

November 2025 — 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 equity to support the development of affordable housing in the Virginia localities of Norfolk, Lebanon, Manassas, Richmond, Saltville, Orange, Wytheville, and Charlottesville.

Fund 29 will help finance an array of innovative affordable housing communities that will offer stable homes and supportive services to low-income families and households. The fund will support approximately 12 units targeting low-income veterans, 153 permanent supportive housing units designed for formerly homeless and very low-income individuals, 21 apartment units designed for low-income seniors, and 54 units with full accessibility features.

Thank you to our Fund 29 investment partners for your dedication to supporting vibrant communities:

Truist Bank

Capital One

Fannie Mae

Atlantic Union Bank

Chesapeake Bank

Citizens and Farmers Bank

Southern Bank & Trust Company

Pendleton Community Bank

Dollar Bank

Thank you to 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 VCDC Equity Fund 30 in 2026.

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.