News

Home Team Grill in Richmond, VA

November 8, 2017 | Impact Stories

Opportunity Home Team Grill is an established restaurant and bar in Richmond’s Fan District, named one of the nation’s 10 “Great Neighborhoods” by the American Planning Association. For sporting events year-round, Home Team is packed with fans sipping on suds and scarfing down deliciously prepared foods. With the help of VCC, HTG Fan LLC was able to purchase the business while also acquiring working capital for an establishment that has become a Fan District staple. …

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Innovative partnerships impacting affordable housing across RVA: the Richmond Association of Realtors commitment

November 1, 2017 | Impact Stories

When we say that the work VCC does would not be possible without the help of partners, we truly mean it. Our partners include individuals with as little as $25 to invest, along with large institutional investors and organizations that believe in the power of social impact investing. One such partner has been the Richmond Association of Realtors (RAR). In 2016, RAR made a $1 million investment in VCC to support affordable housing across the city. …

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Hayden Village

October 16, 2017 | Impact Stories

Opportunity To rehab the former Hayden High School, the only historic African American high school located in rural Franklin, VA, into 27 Senior housing units and commercial space that will be occupied by Senior Services of Southeast Virginia, the regional organization in South Hampton Roads that supports and enriches the lives of seniors and their families through advocacy, education, information and comprehensive services. The completed Hayden Village Center will include a number of community services …

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Supporting Affordable Housing on the Eastern Shore

October 2, 2017 | Impact Stories

Opportunity There is a shortage of safe and affordable housing on the Eastern Shore of Virginia. With the Bailey House Apartments project, the Eastern Shore Housing Alliance will be able to assist the private housing production sector in delivering adequate housing, related services, and facilities to the market. Solutions Mission-Focused Lending As a Community Development Financial Institution (CDFI), VCC can support projects like Bailey Road Apartments with VCC’s mission to create jobs, energize places, and …

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Strengthening Local Food Systems in Lynchburg, VA

August 29, 2017 | Impact Stories, In the News

Opportunity For nearly a century, the plant on Holliday Street in Lynchburg has processed Virginia-grown meat. The facility was purpose-built as an abattoir and Seven Hills Food Co. are now just the fourth tenant in its long history. These buildings are a rarity in this era, often converted for other industry, into lofts, or even torn down. Solutions Mission-Focused Lending As a Community Development Financial Institution (CDFI), VCC can support projects like Seven Hills Food …

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