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Virginia CDFI Bank Offers Special Affordable Housing Certificate of Deposit

Asset ClassRural, Deposits, Multi-Family Housing, Single-Family Housing
GeographyNational
Amount$10,000,000
Financing TypeDeposits
Interest Areas
Housing
Impact Investing
Place Based
Urban

In an effort to support increased lending to revitalize communities, VCC Bank is offering a special Affordable Housing 18-month CD at a rate of 2.0%/2.02% APY.  Start impact investing to help make housing affordable for all.

Join Virginia Community Capital’s mission to ensure access to housing for every Virginian.

Through the support of Virginia companies, foundations, and individuals, VCC wants to create affordable and workforce housing for more Virginians than ever before. Our goal is to raise $10 million toward the creation of affordable housing in Virginia’s most vulnerable communities. We will reach our goal through your FDIC-insured bank deposit (up to $250,000) – which will grow at a market rate and provide VCC Bank with the capital required to create more affordable and workforce housing throughout Virginia.

As a depositor, you will:

  • Receive yearly updates on affordable housing projects under development
  • Be informed when an affordable housing development is funded
  • Be invited to events

See www.vacommunitycapital.org for additional information. This offer expires December 31, 2018.