VCDC

VCDC is a Virginia-based, 501(c)(3) nonprofit corporation that plays a crucial role in addressing local community housing needs and influencing statewide housing policy. As Virginia’s largest nonprofit investor in LIHTC properties, VCDC has raised over $450 Million in capital, which has been invested in a portfolio of 21 funds comprised of 178 projects totaling approximately 6,800 housing units. One of its key strengths is the ability to provide expertise required for the development of affordable housing and access to Low-Income Housing Tax Credits (LIHTC), Historic Rehabilitation Tax Credits, and New Markets Tax Credits.

VCDC offers special services, such as early training and technical support, aimed at nurturing community-based affordable housing developers. The organization also ensures the financial strength of its projects, maintaining adequate capital reserves at both the project and fund levels, as well as within the parent corporation. These reserves are set aside to assist properties and project sponsors, as well as to safeguard fund investments.

The most recent investment of $894.86K was a grant investment received on 10 April 2023, with the Community Development Financial Institutions Fund being the investing entity. Founded in 1990, VCDC primarily operates in the Financial Services and Banking industries and is headquartered in the United States. The organization’s slogan, “Vibrant Communities Drive Change,” reflects its dedication to fostering positive transformations within communities through its housing initiatives.