Upcoming Events


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

Small Business Community Showcase
Longwood University, Farmville
4/30/2014

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Save the Date!

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

Save the date!

December 11, 2014

VCCPartnerships

VCCPartnerships
 

Become a VCC Partner

VCC's goals are to increase and preserve housing, to help revitalize neighborhoods and to create jobs and economic opportunity in underserved localities.  Many of you reading this page have the same organizational goals and missions.  Working in partnership, we believe that together we can accomplish more than either one of us might accomplish alone.  Accordingly, VCC invites you to become our partner.

Partnering with VCC can take on many forms.  We need additional program capital - either in the form of loans, equity, grants, donations or access to national funds - to continue our lending programs.  We need operating capital - to support our technical assistance work, loan loss reserves and general operating expenses.  We need partners with local community connections to help us identify clients - developers wanting to do projects, organizations working to improve housing in distressed neighborhoods, businesses trying to expand and create more jobs.  And, if you also run a lending program in Virginia, VCC could partner with you to provide more capital to the programs you operate locally.

 

Why Partnering is Beneficial

You may choose to partner with VCC for a variety of reasons.  And, depending on your type of organization, the reasons to partner can vary:

For Banks

VCC is a source for community development loans and investments.  You can lend or invest in us and count that capital as community development for CRA purposes.  Or, we can help you reduce risk on loans that today you are declining.  We can partner with you on a loan, taking a second position on collateral; or we can  help serve a customer when you have met exposure limits.  And, everything you do in partnership with VCC will help your CRA regulatory exam process.  For more information from the Federal Reserve Bank on partnering with Community Development Financial Institutions (CDFIs) click here.

For National Community Development Capital Providers

VCC can provide portfolio diversity by offering you access to a diverse, growing market.  VCC has a team of experienced community development finance specialists ready to match your capital to projects throughout the Commonwealth.

For Foundations and Socially Responsible Investors

VCC can match your mission goals with projects throughout our state.  Our goals and your goals are similar and we can help you achieve your targets within Virginia.  We promote economic diversity and security and can provide statistics on impact.  We also believe in strong financial management and transparency - so you know you can trust us to deliver.

 

Want to Become Partners?

If you are interested in exploring how your organization and VCC can work together, please contact Teri Lovelace, Community Investments & Impact Manager, at (804) 344-5484 or at tlovelace@vccva.org.

Financial

Thank You!

Listed below are our current partners.  Each of these organizations has played a significant role in our success to date and VCC is very appreciative of their support:

  • Bank of America
  • BB&T
  • Calvert Foundation
  • Capital One
  • Cardinal Bank
  • Carroll County
  • CDFI Fund  - New Markets Tax Credits
  • City First Bank
  • DHCD
  • Department of Housing & Urban Development (HUD)
  • Fannie Mae
  • FHLBank Atlanta
  • Health and Human Services
  • Home Depot
  • HSBC
  • Mary Reynolds Babcock Foundation
  • National Housing Trust
  • PNC
  • Scott Insurance
  • SunTrust
  • USDA
  • Virginia Community Healthcare Association
  • Virginia Tobacco Commission
  • VHDA
  • Wells Fargo