Upcoming Events

View All

About Us Mission

About Us Mission


Our mission is to support housing and community development ventures, increase jobs, and build sustainable communities by offering flexible financial products and advisory services.


Our Goals

VCC’s Strategic Plan includes three 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.

Our History

2006  |  2007  |  2008  |  2009   2010

2011  |  2012  |  2013  |  2014  |  2015  |  2016




$15 million capital infusion from Commonwealth of Virginia to create a Community Development Financial Institution (CDFI).

VCC acquired New Enterprises Fund which operated in three counties as a micro lender for small enterprises owned by low- to moderate-income individuals and an Individual Development Account savings program.  As the result of additional capital, VCC expanded its scope to statewide and focused on community development lending in the areas of affordable housing and community projects. 

VCC made its first loan in April, 2006

Jane Henderson named CEO and President.

7 new projects funded for  $3.0 million

Assets - $16.5 million


VCC opens Richmond office.

15 new projects funded for  $4.5 million

Assets - $28.6 million


VCC establishes Community Capital Bank of Virginia (CCB), the Commonwealth’s first regulated bank with a primary mission of community development financing.

16 new projects funded for $11.5 million

Assets - $34.1 million


First New Markets Tax Credits allocation received from U.S. Treasury.

VCC and partners launch the Community Development Learning Initiative (CDLI) to offer learning opportunities, workshops, and scholarships to over 200 nonprofit organizations.

27 new projects funded for $24.3 million

Assets - $44.9 million


Realignment of three business lines to better serve diverse needs of customers:

  • Lending– our well-established loan programs continue to support affordable housing, commercial, and healthcare projects
  • Savings –offering deposit services for socially conscious investors and financial literacy programming
  • Advisory Services – supplying strategic and training services for nonprofits and small businesses

VCC launches Pathfinders, a community-based program to mobilize diverse resources for rural economic development.

Work begins at two pilot communities: Onancock and Glade Spring

U.S. Department of Agriculture support expands Pathfinders to Southside communities.

VCC hosts the first Learning Exchange in conjunction with Annual Luncheon. Chris Ernst of the Center for Creative Leadership is keynote speaker at exchange.

39 new projects funded for  $37.9 million

Assets - $70.6 million


VCC completes B Certification.

VCC receives rating of AA2 in CARS™.

VCC provides “home” for Virginia Saves.

VCC is a first round grant recipient in the Create Jobs for USA Fund, a collaboration between Starbucks and Opportunity Finance Network. The $173,500 grant is supports job creation and small businesses.

Second Annual Learning Exchange led by Andy Stefanovich, business advisor and author.

VCC Advisory Services reports on SEEDS (Supporting Economic Expansion for Diverse Suppliers) program: 140 new jobs, 75% for low- to moderate-income employees.

34 new projects funded for  $51.7 million

Assets - $85.6 million


VCC received its second New Market Tax Credit allocation from U.S. Treasury in January.

VCC expanded its lending services to small businesses.

VCC named among “Best for the World” businesses earned a score in the top 10% of all Certified B Corporations. Also featured in B Corps Annual Report.

VCC raises $1.2 million in capital in its first preferred stock offering for bank affiliate, CCB.

VCC approved as a GIIRS (Global Impact Investing Rating System) Impact-Rated organization.

VCC starts “Get Fresh East End!” pilot to increase healthy food options in corner stores of Richmond’s East End.

VCC convenes Third Annual Learning Exchange, a discussion led by Amy Cortese, award-winning journalist and author.

20 new projects funded for $8.1 million

Assets - $86.3 million

Total Assets Chart
(click to enlarge)


Impact Investing Forum held at Virginia Museum of Fine Arts discusses innovative philanthropy.

B Lab Co-Founder Bart Houlahan speaks at Richmond Social Enterprise networking event, co-sponsored by VCC.

VCC CFO Clyde Cornett named to board of Appalachian Community Capital (ACC), a newly formed central bank focused on small business capitalization across the Appalachian Regional Commission.

VCC and community partners welcome Clay Street Market to the “Get Fresh” program, a community-based initiative encouraging healthy food offerings at corner stores in Richmond’s East End.

VCC launches the Virginia Fresh Food Loan Fund (VFFLF), a $10 million fund earmarked to address the unmet capital needs of healthy food enterprises throughout rural and urban regions in Virginia and to catalyze the growth of Virginia's healthy foods sector.

VCC receives $4.4 million debt and grant from Goldman Sachs through its 10,000 Small Business national initiative. 

Work by VCC is cited in Bloomberg BNA Health Insurance Report, a national publication for innovative financing with health care facilities.

VCC honored among “Best for Communities,” in B Corp’s 2013 Best for the World series.

Annual Learning Exchange, “Local Capital . . . Addressing Local Needs,” features Living Cities’ Robin Hacke as keynote speaker.

VCC begins work on first Program Related Investment (PRI) with Jessie Ball DuPont Fund.

85 new projects for $70.2 million

Assets - $102 million

Total Assets Chart 2013
(click to enlarge)




VCC President & CEO, Jane Henderson, named to national board at Center for Rural Entrepreneurship

VCC completes first Virginia Fresh Food Loan Fund (VFFLF) deal with Glade Green Grocer, a whole foods retailer and food cooperative hybrid located in Glade Spring, Virginia

First class from Goldman Sachs 10,000 Small Business education program includes six small business owners from Virginia

VCC President & CEO, Jane Henderson, was asked by CGI America to lead a discussion group on innovative healthy food financing to address food deserts in at the annual CGI America event

VCC CFO, Clyde Cornett, won the 2014 Virginia Business CFO award in the Small Nonprofit category

VCC recognized for creating the most positive community impact by the nonprofit, B Lab, with the release of the third annual ‘B Corp Best for Communities’ list (part of B Lab's 'Best for the World' series)

VCC provides second Virginia Fresh Food Loan Fund (VFFLF) to Health Warrior, one of the fastest growing natural food companies in the U.S. which produces Chia Bar Super Snacks and natural chia seeds

VCC receives $2,000,000 award from CDFI fund which provides an expanded capacity to lend and invest in low-income and economically distressed communities

VCC receives $355,000 award from Bank Enterprise Award (BEA) Program

VCC’s President & CEO, Jane Henderson, appointed to Virginia Governor’s Commonwealth Council on Bridging the Nutritional Divide

VCC provides financing to retrofit existing facility in Lynchburg for Seven Hills Foods, LLC

VCC’s banking subsidiary, Community Capital Bank (CCB) receives outstanding Community Reinvestment Act (CRA) rating, effective October 6, 2014

VCC's annual Learning Exchange event theme was "Collaboratively Transforming Communities", featuring Ted Howard as keynote speaker and panelist, along with Michael Curtin and Brett Jones as panelists

VCC's assets grew to over $120 million




VCC welcomes Gregory Fairchild to its Board of Directors

VCC welcomes several new leaders to its Community Advocate Council (CAC):  Jill McCormick, Marjette Upshur, Chris Thompson, Lisa Atkinson, and Shannon Blevins

VCC was recognized as a B Corp 'Best for the World' and 'Best for Community' by the nonprofit, B Lab with the release of the fourth annual ‘B Corp Best for the World’ list

VCC's Senior Vice President & Senior Loan Officer, Dawn DeHart, presented as a panelist at the VEDA Third Wednesday Webinar on New Markets Tax Credits & Deal Structuring

VCC received an Aeris rating of AA2 (previously known as CARS rating)

Impact Makers gifts equity to VCC and TCF (The Community Foundation) to expand social entrepreneurship, philanthropy

VCC launches a new, interactive food access mapping tool for Virginia

VCC receives $1 million grant from The Cabell Foundation which will help leverage VCC's impact throughout Virginia by enhancing its lending capacity; VCC will also open a new Hampton Roads office later this year

VCC's Vice President & Senior Loan Officer, Monique Johnson, PhD, was awarded a Marshall Memorial Fellowship from The German Marshall Fund of the United States (GMF)

VCC's Vice President & Loan Officer, Bill Greenleaf, was nominated to Governor Terry McAuliffe's Executive Committee on Energy Efficiency

VCC launches energy efficiency and solar loan products

VCC's Christiansburg office is moving to 110 Peppers Ferry Road, NW, effective July 31, 2015

VCC opens new office location in downtown Norfolk on October 1, 2015

VCC's Vice President & Senior Loan Officer, Monique Johnson, PhD, was named one of The Top 25 Women to Watch in Richmond Commercial Real Estate by CREW Richmond

VCC's Fresh Food Advisor, James Wallace, was named one of Style Weekly's Top 40 Under 40 Nonprofit Leaders

VCC hosts successful 2015 Learning Exchange



VCC announces celebration of 10 year anniversary

VCC celebrates grand opening of Hampton Roads office in Norfolk, VA

Became America's first Benefit Corporation FDIC insured, regulated bank





B Corps are companies that strive to make a positive impact on society while also turning a profit.
For more information about VCC's designation as a Certified B Corporation, click here.




     For OFN info, click here.






























































































 get fresh logo


B Certified Corporation logo