Impact Stories

VIRGINIA SUPPORTIVE HOUSING & CHURCH STREET STATION STUDIOS, LLC

February 12, 2018 | Impact Stories

Borrower : Virginia Supportive Housing Church Street Stations, LLC Where : Norfolk, VA Loan Amount : $6.5M Project Type : New Construction Loan Opportunity Church Street Station Studios is an 80-unit development from Virginia Supportive Housing, a Richmond-based nonprofit that operates 650 housing units in 16 communities, including six apartment complexes in Hampton Roads. Church Street Station provides new affordable housing and support services for formerly homeless individuals, low-income tenants, and those with cognitive or …

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MTK PREMIER AUTO BOUTIQUE IN RICHMOND, VA

February 5, 2018 | Impact Stories

Borrower : MTK Premier Auto Boutique Where : Richmond, VA Loan Amount : $480,000 Project Type : Small Business Owner-Occupied Real Estate Acquisition   Opportunity MTK Premier Auto Boutique prides itself on its luxury indoor showroom, unlike any other in the heart of Richmond. But perhaps its greatest assets are its consultants, who are passionate about automobile excellence and conduct one-on-one meetings to determine clients’ automobile needs. The auto boutique operates under a revolutionary business …

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Crimper’s Climbing LLC in Christiansburg, VA

January 22, 2018 | Impact Stories

Borrower : Crimper’s Climbing LLC Where : Christiansburg, VA Loan Amount : $637,500 Project Type : Commerce Real Estate Loan Refinancing Opportunity As the only climbing gym in New River Valley, Crimper’s Climbing Gym has become a Southwest Virginia haven for novices and climbing masters alike to enjoy the challenge, fun and exercise of indoor rock climbing. The gym, operated by John Johnson since 2012, will continue to be an asset to its community thanks …

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White’s Building Supply, Inc. in Keysville, VA

November 28, 2017 | Impact Stories

Borrower : White’s Building Supply Where : Keysville, VA? Loan Amount : $1,170,000 Project Type : Small Business Acquisition Opportunity Known for its personal service and knowledgeable staff, White’s Building Supply Inc. is an ACE Hardware store and lumber yard in Keysville, Va. Set just off the railroad that runs through the heart of this farmland community, White’s Building Center is a valuable asset to the town and has been a staple in Keysville for …

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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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First Brewery in Bedford, VA

August 9, 2017 | Impact Stories, In the News

Opportunity A vacant and dilapidated 12,000 square foot building in the heart of the Bedford community. Developer Dave McCormack worked with Virginia Community Capital (VCC) to fund the first brewery in Bedford, Virginia, Beale’s Beer. The brewery creates a dog and family friendly space for the community to enjoy and come together while also bringing jobs to the area. Solutions Flexible Funding The projects VCC backs are sometimes considered “too complicated” from the broader financial …

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