Federal Reserve Publication Highlights VCC
The Federal Reserve Bank of Richmond highlighted Virginia Community Capital (VCC) in its Fall/Winter 2008 edition of Marketwise
magazine titled "Community Development Finance: Innovative Paths to Capital During the Credit Squeeze". The article, written by Courtney Mailey, is titled "Virginia Community Capital Strives To Be A Model for Statewide CDFIs". The article talks about VCC opening Virginia's first community development bank, Community Capital Bank of Virginia, in September 2008 and also about VCC's innovative lending in today's challenging credit environment.
In the article, VCC President Jane Henderson promotes the use of flexible capital, technical assistance and gap financing. She also talks about the growth of New Markets Tax Credits and VCC's plan of sustainable profitability for the bank by 2011.
Read the full article on page 10 of the Federal Reserve's Marketwise edition via the document link below.
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