The Vern Henley Special Initiative Grant gives VCDC partners and potential partners the ability to apply for grants to be used for special initiatives and programs for those residing in affordable housing in our service area.

Use this page to find resources in affordable housing and homelessness services not offered by VCDC.

2022 - What a year! We are incredibly grateful to our partners who we helped make huge impacts in the communities they serve.

VCDC is proud to celebrate 30 successful years of partnerships that have allowed us to serve vital and thriving communities. Hear what our partners have to say about our work.

VCDC’s lending affiliate, VCDF, is collaborating with a group of CDFIs to form the Virginia CDFI Coalition, which will, among other things, be actively involved with the state agencies responsible for deploying the fund.

It is an understatement to say that 2020 was a year of great change that tested everyone’s ability to quickly adapt their ways of doing business. Despite managing a slew of new and unique challenges, VCDC and its affiliates were able to raise over $54 million in LIHTC equity (exceeding our goal), close 8 LIHTC and New Market Tax Credit developments, grow the size of our CDFI loan fund, and partner in the acquisition and redevelopment of a mobile home community in southern Chesterfield County.

Hands-on asset management is part of the ongoing commitment to long-term success that VCDC upholds for each community in which we invest.

Housing security is correlated to health and emotional well-being, employment prospects and economic opportunity, yet the supply of available affordable housing for low-income renters across the country is deeply inadequate. Millions of people can’t afford a place to live.

The New Markets Tax Credit Program was established to spur investments in operating businesses and real estate projects located in low-income communities. The program attracts investment capital by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions.

Real estate tax credits are tools the federal government and state governments use to encourage investment in the development of real estate that is necessary and beneficial to a community, but not financially feasible without additional incentives.

The Low-Income Housing Tax Credit (LIHTC) is the most successful affordable rental housing production program in U.S. history. It is the federal government’s primary program for encouraging banks and other corporations to invest private equity in the development of affordable, multi-family rental housing for low-income households.

More than just a name, VCDC has always stood for the idea that all individuals deserve the opportunity to live in neighborhoods that allow them to thrive. Our deep connection and commitment to the communities we serve often overshadowed the promotion of our organization. In 2019, along with staff, Board, partners and a team of experts we embarked on a journey to more authentically share our story.