Upcoming Events

SERCAP Annual Water Is Life! Conference & Luncheon
Sheraton Roanoke Hotel, Hershberger Road, Roanoke

2014 VA Assoc of Housing Counselors Annual Spring Conference
Hampton Roads Convention Center
4/28/2014 - 5/1/2014

VAHCDO 2014 Annual Conference and Scholarship Luncheon “Charting A New Course”
Hilton Virginia Beach Oceanfront Hotel
4/29/2014 - 5/1/2014

View All
Save the Date!

Planning has already begun for VCC's 2014 Learning Exchange luncheon.

Save the date!

December 11, 2014

About Us Mission

About Us Mission


Our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs and build sustainable communities. VCC offers loan capital that is broader than bank lending to projects that have a positive community impact in low- to moderate-income communities in underserved geographies and markets.

Our Goals

VCC’s Strategic Plan includes three years of growth and continued service to the Commonwealth. The goals and objectives presented in the plan include:

  • Leverage the success of the organization and the current capital base to grow assets to $70 million while maintaining fiscally-conservative, sustainable governance policies.
  • Create and deliver mission-based products appropriate for both the bank and the CDFI to meet the community development needs of the Commonwealth.
  • Create an operating environment where core costs are fully self-supporting and therefore, grant income is utilized entirely to leverage technical assistance and other non-profit activities.
  • Create a community development organization known for its responsiveness, technical ability, inclusive culture, and creativity; and is viewed as a leader of innovative community development programs – utilizing both state and private capital partnerships.

Our History

2006  |  2007  |  2008  |  2009

2010  |  2011  |  2012  |  2013


$15 million capital infusion from Commonwealth of Virginia to create a Community Development Financial Institution (CDFI).

VCC acquired New Enterprises Fund which operated in three counties as a mico lender for small enterprises owned by low- to moderate-income individuals and an Industrial Development Authority savings program.  As the result of additional capital, VCC expanded its scope to statewide and focused on community development lending in the areas of affordable housing and community projects. 

VCC made its first loan in April, 2006

Jane Henderson named CEO and President.

7 new projects funded for  $3.0 million

Assets - $16.5 million


VCC opens Richmond office.

15 new projects funded for  $4.5 million

Assets - $28.6 million


VCC establishes Community Capital Bank of Virginia (CCB), the Commonwealth’s first regulated bank with a primary mission of community development financing.

16 new projects funded for $11.5 million

Assets - $34.1 million


First New Markets Tax Credits allocation received from U.S. Treasury.

VCC and partners launch the Community Development Learning Initiative (CDLI) to offer learning opportunities, workshops, and scholarships to over 200 nonprofit organizations.

27 new projects funded for $24.3 million

Assets - $44.9 million


Realignment of three business lines to better serve diverse needs of customers:

  • Lending– our well-established loan programs continue to support affordable housing, commercial, and healthcare projects
  • Savings –offering deposit services for socially conscious investors and financial literacy programming
  • Advisory Services – supplying strategic and training services for nonprofits and small businesses

VCC launches Pathfinders, a community-based program to mobilize diverse resources for rural economic development.

Work begins at two pilot communities: Onancock and Glade Spring

U.S. Department of Agriculture support expands Pathfinders to Southside communities.

VCC hosts the first Learning Exchange in conjunction with Annual Luncheon. Chris Ernst of the Center for Creative Leadership is keynote speaker at exchange.

39 new projects funded for  $37.9 million

Assets - $70.6 million


VCC completes B Certification.

VCC receives rating of AA2 in CARS™.

VCC provides “home” for Virginia Saves.

VCC is a first round grant recipient in the Create Jobs for USA Fund, a collaboration between Starbucks and Opportunity Finance Network. The $173,500 grant is supports job creation and small businesses.

Second Annual Learning Exchange led by Andy Stefanovich, business advisor and author.

VCC Advisory Services reports on SEEDS (Supporting Economic Expansion for Diverse Suppliers) program: 140 new jobs, 75% for low- to moderate-income employees.

34 new projects funded for  $51.7 million

Assets - $85.6 million


VCC received its second New Market Tax Credit allocation from U.S. Treasury in January.

VCC expanded its lending services to small businesses.

VCC named among “Best for the World” businesses earned a score in the top 10% of all Certified B Corporations. Also featured in B Corps Annual Report.

VCC raises $1.2 million in capital in its first preferred stock offering for bank affiliate, CCB.

VCC approved as a GIIRS (Global Impact Investing Rating System) Impact-Rated organization.

VCC starts “Get Fresh East End!” pilot to increase healthy food options in corner stores of Richmond’s East End.

VCC convenes Third Annual Learning Exchange, a discussion led by Amy Cortese, award-winning journalist and author.

20 new projects funded for $8.1 million

Assets - $86.3 million

Total Assets Chart
(click to enlarge)


Off to a great start!!







B Corps are companies that strive to make a positive impact on society while also turning a profit.
For more information about VCC's designation as a Certified B Corporation, click here.




     For OFN info, click here.