In the News

Comcast executive, empowerment advocate joins Virginia Community Capital Board

April 6, 2021 | In the News

Jackie Puente will govern and advise organization on mission, direction, and focus RICHMOND, Virginia — (March 31 , 2021) – Virginia Community Capital (VCC) announced today the election of Jackie Puente, Executive Director for External Affairs at Comcast Corp., to the board of directors. Puente will join 12 other directors, guiding the organization’s mission, direction, financial sustainability, and efforts to deepen impact. In her role at Comcast, Puente is responsible for engaging diverse stakeholders on …

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Virginia Community Capital relocates Norfolk office to amplify impact

March 18, 2021 | In the News

VCC’s Norfolk team moves to the heart of downtown Norfolk NORFOLK, Virginia – March 18, 2021 – Virginia Community Capital (VCC) has moved its Norfolk operations to a new office located inside the towering ICON Norfolk building in the city’s Waterside District. VCC opened its Norfolk location in 2015 and was previously located on Granby Street near the MacArthur Center. The move will support VCC’s mission to increase awareness and capacity in the Hampton Roads …

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VCC receives $1.5 million from Wells Fargo Open for Business Fund to support small businesses in Richmond region

February 4, 2021 | In the News

Funds will provide capital and technical assistance to bolster diverse small businesses impacted by COVID-19   RICHMOND, VA – February 4, 2020 – Wells Fargo has selected Virginia Community Capital (VCC) to help underserved small businesses stay open and save jobs in Richmond. The $1.5 million in funding will aid the organization’s short- and long-term COVID-19 recovery efforts, technical assistance, and lending programs for diverse small business owners. The grant is part of Wells Fargo’s Open …

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Virginia Community Capital CEO to retire in 2021

January 25, 2021 | In the News

Jane Henderson announces her retirement after a 40-year career After four decades in the banking industry, Jane Henderson plans to retire this year as President and CEO of Virginia Community Capital (VCC). As the organization’s founding executive director, Henderson has led VCC since its inception in 2006. Her banking career includes 29 years spent in community development finance. VCC, a community development financial institution (CDFI), was born out of a $15 million investment and a vision …

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A Bank for Virginia Lovers

October 30, 2020 | In the News

A decade ago, in the last economic crisis, mainstream banks abandoned Dianna Bowser and the Southside Community Development and Housing Corporation, where she’s executive director. Founded in 1988, the nonprofit builds homes and provides counseling for first-time homeowners in and around Richmond, Virginia. “They stripped us of our construction lines of credit,” says Bowser. “It was devastating.” But that’s when Bowser first encountered Virginia Community Capital, a relatively new bank at the time. The bank …

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Cameron Foundation Renews $1 million investment with Virginia Community Capital to support Tri-Cities rebuilding

June 22, 2020 | Impact Stories, In the News

Partnership spurred $5.5 million in Tri-Cities development since 2017 PETERSBURG, VA (JUNE 22, 2020) – Three years after its successful initial investment, The Cameron Foundation has renewed a $1 million loan and deposit with Virginia Community Capital (VCC), a community development financial institution that makes impact investments throughout the Commonwealth. As the community begins to reopen from the COVID-19 closures, the funds will be deployed into the Tri-Cities and other areas in Cameron’s footprint, supporting …

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Northern Trust partners with CDFIs to deliver small business support

May 13, 2020 | In the News

Northern Trust Corporation is partnering with the Self-Help Fund, the National Development Council (NDC) CDFI Subsidiary Grow America Fund (GAF), immito, and others to provide $100 million in low-cost funding to CDFIs to help them provide loans to small businesses and nonprofits via the federal Paycheck Protection Program. Virginia Community Capital is among the group of nationwide recipients of these funds. Read more here.

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A developer with a deposit to create more impactful development

February 7, 2020 | Impact Stories, In the News

Over more than two decades, Robin Miller has made a name for himself and his firm, Miller & Associates, as one of Virginia’s most prolific developers. Focusing on adaptive re-use of historic structures and infill in urban communities, Miller and his team are behind more than $100 million worth of prominent historic tax credit projects and new construction in Richmond’s Jackson Ward, Manchester, and Church Hill neighborhoods, along with properties in Petersburg and Staunton. So …

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New national investment pool names Richmond manager

January 29, 2020 | In the News

LOCUS Impact Investing has been named the program manager for the Community Investment Guarantee Pool, a group of ten philanthropic organizations across the United States and a large healthcare system serving as a catalyst for more than $150 million in new community investments in small businesses, climate and affordable housing. The first of its kind in the U.S., the project made a splash in national media, and even caught the attention of Forbes. Here are a …

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