About Us

Mission and History

Virginia Community Capital (VCC) is a multi-million dollar non-profit, community development financial institution (CDFI) and banking entity providing innovative loan and investment solutions for affordable housing and economic development projects in the Commonwealth of Virginia. Our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs and build sustainable communities. VCC offers loan capital that is broader than bank lending to projects that have a positive community impact in low- to moderate-income communities in underserved geographies and markets.

While originally chartered in 1995, VCC was transformed in the fall of 2005 from a small CDFI doing microlending and IDA programs in 3 counties to a larger CDFI with $17 million in equity capital operating throughout the Commonwealth. By year-end 2007, VCC was a viable, statewide CDFI with a loan portfolio of approximately $10 million with 0% delinquencies. VCC completed 23 community development projects; creating or preserving 623 affordable housing units and creating or preserving 83 living-wage, permanent job opportunities. Additionally, the capital base of the organization grew from $15 million at YE 2005 to $19.1 million at YE 2007. Assets of the organization grew to $28.3 million. As the organization ended 2007, it had also laid the foundation for the opening of a regulated community development bank and began to focus on new strategic directives to guide its growth for the next 3 years.

Our Goals

VCC’s Strategic Plan includes 3 years of growth and continued service to the Commonwealth. The goals and objectives presented in the plan include:

• Leverage the success of the organization and the current capital base to grow assets to $70 million while maintaining fiscally-conservative, sustainable governance policies.
• Create and deliver mission-based products appropriate for both the bank and the CDFI to meet the community development needs of the Commonwealth.
• Create an operating environment where core costs are fully self-supporting and therefore, grant income is utilized entirely to leverage technical assistance and other non-profit activities.
• Create a community development organization known for its responsiveness, technical ability, inclusive culture, and creativity; and is viewed as a leader of innovative community development programs – utilizing both state and private capital partnerships.

Directors and Management

VCC Board of Directors

• Kenneth N. Daniels, Professor of Finance, Virginia Commonwealth University School of Business
• Dixon Hanna, Retired Associate Provost, Virginia Tech
• James W. Harkness, Jr., Retired bank President and CEO
• Jane Henderson, President and CEO, Virginia Community Capital
• Florence Kingston, Director for Department of Development, City of Newport News
• Charlie H. Mills, III, CEO, Salera Capital Management
• Mary Dwyer Pembroke, Director and Senior Counsel - Government Relations, Discover
• Michael Schewel, McGuire Woods LLP
• Bill Shelton, Director, Department of Housing and Community Development
• Al Smuzynski, Retired Executive Director, Wesley Housing Development Corp

CCB Board of Directors

• Kenneth N. Daniels, Professor of Finance, Virginia Commonwealth University School of Business
• Rob Gilliam, Retired bank President and CEO
• Dixon Hanna, Retired Associate Provost, Virginia Tech
• James W. Harkness, Jr., Retired bank President and CEO
• Jane Henderson, President and CEO, Virginia Community Capital
• Florence Kingston, Director for Department of Development, City of Newport News
• Charlie H. Mills, III, CEO, Salera Capital Management
• Bill Shelton, Director, Department of Housing and Community Development
• Al Smuzynski, Retired Executive Director, Wesley Housing Development Corp

Community Advocate Council

• Dave Baldwin, Bristol Redevelopment & Housing Authority
• Todd Christensen, Southwest Virginia Cultural Heritage
• Graham Driver, Virginia Community Development Corp
• Steve Galyean, Virginia Tourism Corp
• Ed Gerardo, Bon Secours Health System
• Michael Hawkins, Virginia Housing Development Authority
• Shea Hollifield, Virginia Dept of Housing & Community Development
• Kevin Kelly, Enterprise Development Group
• Overton McGehee, Habitat for Humanity - VA
• Penny McPherson, Wells Fargo
• Shelley Murphy, Piedmont Housing Alliance
• Nancy O'Brien, Retired
• Delegate James M. Scott, Virginia House of Delegates
• Carolyn Spohrer, Virginia Community Action Partnership
• Kathy Wheeler, Community Business Partnership 
• Kent Ware, USDA Rural Development

Staff

• Bob Adams, Project Development Advisor
• Neal Barber, Pathfinders
• Candace Branch, Credit Underwriter
• Tom Bridgeman, Director of Operations
• Kim Burchette, Human Resources Manager
• Ann Call, Office Manager/Marketing Coordinator
• Costa Canavos, Real Estate Lending Manager
• Clyde Cornett, Chief Financial Officer
• Dawn DeHart, Senior Loan Officer
• Maron El-Khouri, Customer Sales & Service Representative
• Jane Henderson, President & CEO
• Monique Johnson, Senior Loan Officer
• Tammy Johnson, Senior Accountant
• Pat Kietzman, Manager of Administration
• Lenore Linkous, Customer Sales & Service Representative
• Teri Lovelace, Corporate Development Manager
• Tim Mattox, Website & Data Manager
• Susan Moore, Portfolio Manager
• Ashley Nelson, Financial Reporting Manager
• Bill Nguyen, Director of IT
• Peggy Nixon, Loan Operations Specialist
• Paul Nolde, Corporate Project Manager
• Caroline Nowery, Advisory Services Manager
• Shaun Rai, Loan Officer
• Janell Sinclair, Loan Closer
• Robb Strader, Chief Risk Officer
• Catherine Van Noy, Marketing Consultant
• Carl Virgin, Senior Accountant
• Wayne Waldrop, Small Business Manager
• Teresa Walker, Savings Manager
• Terri Wright, Loan Operations Manager

Areas of Service

VCC operates statewide and focuses resources on markets where traditional capital is not flowing.  We currently have two offices - one in Christiansburg and one in Richmond.  Our portfolio includes loans and technical assistance throughout the state click on the map to see our locations of our current customers: