As a Virginia-based, 501(c)(3) nonprofit corporation, VCDC is able to bring statewide resources to local community housing needs, play a leadership role in the development of statewide housing policy, and provide expertise required for the development of affordable housing and access to Low-Income Housing Tax Credits (LIHTC), Historic Rehabilitation Tax Credits and New Markets Tax Credits.
VCDC is Virginia’s largest nonprofit investor in LIHTC properties. Special services include early training and technical support to help “grow” community-based affordable housing developers. All projects funded by VCDC have financial strength based on adequate capital reserves for each project, as well as at the fund level, and within the parent corporation. Reserves are set aside to assist properties and project sponsors and to safeguard fund investments.
To date, VCDC has raised over $450 Million in capital which has been invested in a portfolio of 21 funds comprised of 178 projects of approximately 6,800 housing units.
Company Details
- Employees
- 91
- Founded
- -
- Address
- 1840 W Broad St, Richmond,va 23220,united States
- Phone
- +1-804-343-1200
- Industry
- Investment Management
- NAICS
-
Other Financial Investment ActivitiesPortfolio ManagementAll Other Financial Investment ActivitiesTrust, Fiduciary, and Custody ActivitiesMiscellaneous Financial Investment Activities
- Website
- vibrantcommunities.us
- Keywords
- Low Income Housing Tax Credits, New Markets Tax Credits, Historic Tax Credits, Affordable Housing, Community Development.
- HQ
- Richmond, VA
- Competitors
- Better Housing Coalition, Virginia Housing Alliance, Virginia Department of Housing and Community Development, Timmons Group, SupportWorks Housing, Virginia Housing, Virginia CDFI Coalition, Housing Families First, CHAM - Consortium for Housing and Asset Management, Housing Partnership Network.
Vcdc Questions
Vcdc's helpline number is +1-804-343-1200
Vcdc's website is vibrantcommunities.us
Vcdc's LinkedIn profile is https://www.linkedin.com/company/vcdc-us
Vcdc has
91 employees.
View email and phone details for 91
employees at Vcdc.
Vcdc's industry is
Investment Management
Vcdc's top competitors are
Better Housing Coalition,
Virginia Housing Alliance,
Virginia Department Of Housing And Community Development,
Timmons Group,
Supportworks Housing,
Virginia Housing,
Virginia Cdfi Coalition,
Housing Families First,
Cham - Consortium For Housing And Asset Management,
Housing Partnership Network.
Vcdc's categories are Investment Management
Vcdc's founding year is 1989
