We specialize in utilizing the Low-Income Housing Tax Credit (LIHTC) program, one of the most effective tools for financing the development of affordable housing for low- to moderate-income renters. As a syndicator, VCDC helps bridge the gap between investors and developers to help meet the need of quality, safe affordable housing in communities that need it most. Our team of experts advises developers on LIHTC project ideas, deal structure, underwriting, closing, and construction. Additionally, our Asset Managers provide ongoing technical assistance to ensure the long-term financial and operational success. Learn more about one of the many LIHTC communities in our portfolio here.

VCDC can also provide historic tax credits at the state and federal levels to rehabilitate historic buildings into assets that serve the community through economic development projects like cultural centers and affordable housing. Historic tax credit projects often go hand in hand with LIHTC initiatives and we can seamlessly combine both tax credit programs to maximize the impact and success of both our development and investment partners. We currently have 34 historic tax credit properties in our portfolio. To get a glimpse of our work in action, we invite you to explore one of our remarkable historic tax credit communities here.

As a Community Development Entity, our lending affiliate VCDF helps provide alternative financing through the New Market Tax Credit Program (NMTC). Our investments in real estate preservation and development through the NMTC program support economic development and community revitalization, create business and job opportunities, and bring community facilities and services to low-income communities. VCDF has received two allocations of NMTCs in the last 10 years, totaling $70 million. Learn more about a NMTC partnership in our portfolio here.

VCDC can assist affordable housing developers with utilizing federal energy credits to install sustainable, high-quality and energy efficient systems into affordable housing communities. Using energy credits can help reduce utility costs for residents through high-efficiency and eco-friendly appliances and fixtures. VCDC can provide technical advisory services to developers interested in implementing federal energy credits along with LIHTC for affordable housing projects. Read about a property in our portfolio that used energy credits to install solar panels here.