community development projects tax credits equity investment

Our Impact

Whether we are assisting a developer, investing equity funds, or coaching nonprofit leaders, the goal for all of our work is to have a lasting impact on the communities we serve. By bringing together partners from all sides of community development, we help ensure our projects meet the needs of communities and residents so they can continue to be successful and thrive.

 

In our 30 year history, VCDC has impacted thousands of lives by supporting developments through collaborative partnerships and equity investments that help create and maintain vibrant communities.

 

$1,000,320,768

VCDC Equity Invested

279

Total Developments

12,479

Homes

59

Commercial & Cultural Spaces

36

Mission Elevation Nonprofits

 

See our impact over the years.

Click below to access our annual reports and learn more about our work:

 
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Learn more about the stories behind our impact:

 
 
Featured
NOON Hioaks Phase II will bring 151 affordable homes to Richmond families
NOON Hioaks Phase II will bring 151 affordable homes to Richmond families

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.

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

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.

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Investing with VCDC: Q&A with Jessica Clarke at Atlantic Union Bank
Investing with VCDC: Q&A with Jessica Clarke at Atlantic Union Bank

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.

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Investing with VCDC: Q&A with Zack Loren at Capital One
Investing with VCDC: Q&A with Zack Loren at Capital One

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.

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Sixth Street creates 47 resident-designed homes in Charlottesville
Sixth Street creates 47 resident-designed homes in Charlottesville

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.  

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Tranquility at the Lakes II: Revitalizing Virginia Beach
Tranquility at the Lakes II: Revitalizing Virginia Beach

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.  

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“With VCDC, we have a high degree of confidence. They know everybody in this space, and they are well regarded, which gives them the ability to assemble high quality deal teams. If you deal with VCDC, you are dealing with professionals.”
— Harry A. Turton, Jr., President, Richmond Region Atlantic Union Bank
 

We are passionate collaborators. Learn about our partnerships:

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