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Virginia Community Capital

Asset Classes ServedWorking Capital, Single-Family Housing, Commercial, Commercial Real Estate, Community Facilities - Childcare, Community Facilities - Education, Community Facilities - Healthcare, Community Facilities - Other, Multi-Family Housing, Small Business, Low Income Housing Tax Credit, Rural
Geographies ServedVirginia
Services ProvidedOther Consulting and Specialty Service, Advisory
Interest Areas
Food
Health
Housing
Small Business
Urban

Virginia Community Capital is a Community Development Financial Institution (CDFI) with a mission to create jobs, energize places, and promote an enhanced quality of life for Virginians. In addition, it provides professional advisory services to individuals and organizations in low-to-moderate income and underserved communities.

A Unique Structure

As unique as it is successful, Virginia Community Capital is structured as a non-profit CDFI with a for-profit bank, VCC Bank. As a CDFI, we are able to provide credit and financial services to people, businesses, and communities not served by mainstream lenders. On the for-profit side, VCC Bank is the first regulated bank in America to become a Benefit Corporation, and for many years has been B Certified from the nonprofit B Lab, meeting rigorous standards of social and environmental performance, accountability, and transparency. 

Social Impact

With an eye towards impact, VCC-financed projects have:

  • created or retained more than 5,500 jobs
  • financed over 5,000 affordable housing units
  • funded nine much-needed healthcare facilities

VCC's staff has also provided more than 14,000 hours of free advising to community members across the state.  

VCC History

Established in 2006 by a group of bipartisan Virginia legislators and seeded with a $15 million state-backed investment, its mission was to create a business model to attract resources of national, state, and local social investors to make a difference in underserved markets around Virginia. Since its founding – growing and partnering with others along the way – it has turned this original investment into more than $1 billion in statewide impact.