On June 23, 2011, the Virginia Housing Coalition (VHC) awarded Jane Henderson, President and CEO of Virginia Community Capital, one of five Housing Leadership awards during their Annual Awards Dinner which was part of their Second Annual Summer Symposium. The annual awards honor and celebrate accomplishments of individuals who play a role in advancing the state of affordable housing in the Commonwealth.
Henderson’s 20 years of service in affordable housing served as the foundation for her nomination. In 1991, she became the Community Development Manager for Dominion Bank. When she relocated to North Carolina in 1995, Henderson maintained her community development work by serving as a board and executive committee member with Community Housing Partners, formerly VMH, Inc. In 2005, Virginia was fortunate to have Henderson back in full service, when she assumed leadership of VCC.
Her VCC tenure has been a successful one to date. Under Henderson’s leadership as President and CEO, VCC has increased assets to $78.4 million (from an original $15 million) and funded projects which built or rehabilitated more than 3,400 units of affordable housing. VCC opened the doors of Community Capital Bank of Virginia, the Commonwealth’s first regulated bank with a primary mission of community development financing in 2008. A year later, Henderson expanded VCC’s offerings to include Advisory Services supporting the work of organizations that create jobs, develop affordable housing, provide access to critical services such as health care, promote asset building and encourage economic revitalization. In 2010, VCC’s Savings Program, was launched to address the need for individuals to build savings and assets as they work to achieve economic prosperity.
Henderson also provides advice and guidance through her professional board and committee activities which include:
Additional awards during the VHC event included, four other 2011 Housing Leadership Awards to: Chuck Bowles, EarthCraft Virginia; Jim Chandler, Virginia Housing Development Authority; Mike Hawkins, Virginia Housing Development Authority; and Stephen Smith, AHC, Inc. Ralph Nodine of the Virginia Community Development Corporation received the Virginia S. Peters Award for 2011, and, Frank Lofurno and Larry Yates were inducted into VHC’s Affordable Housing Hall of Fame.
About Virginia Community Capital, Inc.
Virginia Community Capital Inc. (VCC) is a statewide community development financial institution (CDFI) focused on geographies and markets that are underserved by traditional capital sources. Its mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs and build sustainable communities. VCC provides both capital and technical assistance to neighborhoods and towns throughout Virginia. VCC has a proven track record of creating positive community development impact through its lending activities, including financing the development and preservation of affordable housing. VCC’s loan portfolio, which includes loans it has originated through its subsidiary bank, includes over 100 loan originations totaling $89.4 million. In the last five years VCC’s lending program has financed the construction and rehabilitation of 3,493 units of housing; 653,000 square feet of commercial space; 3,339,324 square feet of new and rehabbed housing, including medical centers in underserved areas; and helped create or retain 733 jobs.
About the Virginia Housing Coalition
With the mission of improving access to safe and affordable housing, the Virginia Housing Coalition is a 501(c)(4) organization founded in 1981 dedicated specifically to supporting organizations and individuals working to provide affordable housing options in Virginia by influencing and developing public policy, recognizing exemplary achievement, and providing education, training and services that will make its members more effective in attaining their goals. Through the Virginia Housing Coalition, representatives of local and regional groups can identify housing issues of common concern and develop effective strategies to address them. Virginia Housing Coalition leaders serve as spokespersons on housing-related issues for lower-income Virginians, giving voice to housing, community and economic development concerns in policy debates at the state and federal levels. Virginia Housing Coalition membership is open to all individuals and organizations statewide interested in housing issues. Members include representatives from housing, community development and homeless advocacy nonprofits, public housing agencies, regional coalitions, financial institutions and corporations, legal and realty firms, community action agencies and interested individuals. Members receive newsletters and other materials on hearings, legislation, state and federal funding opportunities, housing needs, and new ideas relating to housing for all Virginians without adequate housing.