Become a VCC Partner
VCC's goals are to increase and preserve housing, to help revitalize neighborhoods and to create jobs and economic opportunity in underserved localities. Many of you reading this page have the same organizational goals and missions. Working in partnership, we believe that together we can accomplish more than either one of us might accomplish alone. Accordingly, VCC invites you to become our partner.
Partnering with VCC can take on many forms. We need additional program capital - either in the form of loans, equity, grants, donations or access to national funds - to continue our lending programs. We need operating capital - to support our technical assistance work, loan loss reserves and general operating expenses. We need partners with local community connections to help us identify clients - developers wanting to do projects, organizations working to improve housing in distressed neighborhoods, businesses trying to expand and create more jobs. And, if you also run a lending program in Virginia, VCC could partner with you to provide more capital to the programs you operate locally.
Why Partnering is Beneficial
You may choose to partner with VCC for a variety of reasons. And, depending on your type of organization, the reasons to partner can vary:
VCC is a source for community development loans and investments. You can lend or invest in us and count that capital as community development for CRA purposes. Or, we can help you reduce risk on loans that today you are declining. We can partner with you on a loan, taking a second position on collateral; or we can help serve a customer when you have met exposure limits. And, everything you do in partnership with VCC will help your CRA regulatory exam process. For more information from the Federal Reserve Bank on partnering with Community Development Financial Institutions (CDFIs) click here.
For National Community Development Capital Providers
VCC can provide portfolio diversity by offering you access to a diverse, growing market. VCC has a team of experienced community development finance specialists ready to match your capital to projects throughout the Commonwealth.
For Foundations and Socially Responsible Investors
VCC can match your mission goals with projects throughout our state. Our goals and your goals are similar and we can help you achieve your targets within Virginia. We promote economic diversity and security and can provide statistics on impact. We also believe in strong financial management and transparency - so you know you can trust us to deliver.
Want to Become Partners?
If you are interested in exploring how your organization and VCC can work together, please contact Teri Lovelace, Community Investments & Impact Manager, at (804) 344-5484 or at firstname.lastname@example.org.