Virginia Community Capital

Providing communities with equitable access to catalytic capital and resources.

Like any great success story, Virginia Community Capital began with a vision: To create jobs, enhance the quality of life, and promote vibrant communities in historically excluded markets and regions.

VCC was established in 2006 as a Community Development Financial Institution (CDFI) with an initial $15 million investment under Governor Mark R. Warner. The goal was to leverage that initial investment for an economic return to historically underestimated areas.

Since then? Growth, expansion, and collaboration.

Through the power of partnership, we have turned that $15 million seed investment into over $2.19 billion of impact in Virginia. Over the years, VCC has become known for its ability to combine the resources of national, state, and local social investors into successfully funded projects.

We bring a knowledgeable team that knows how to listen and develop solutions around community-informed visions. We’ve earned the support of local governments that share our mission. And we have partners in the private sector that trust us to guide their investment dollars to the right projects, at the right time, in the areas of greatest opportunity.

Since our founding, VCC-financed projects have created or retained 14,430 jobs and developed 12,353 affordable housing units. We’ve made 37 loans addressing food access, financed 18.7MW of solar energy, and funded 31 health-related projects. VCC’s staff has provided nearly 34,000 hours of free advising.

And we’re just getting started. Let’s do more together.

Our innovative business model means we can meet you where we are.

VCC Social Enterprises (VCCSE) is the nonprofit holding company of Virginia Community Capital, a non-profit CDFI loan fund, and our for-profit CDFI bank, VCC Bank. As a CDFI, we are able to provide credit and financial services to people, businesses, and communities not served by mainstream lenders. VCCSE is also the parent organization for LOCUS Impact Investing, a nonprofit local investment strategy consultancy that works with community foundations and other mission-driven investors.

VCC Bank is a B Corp and one of the first regulated banks in the US to earn the designation of a Benefit Corporation, setting a new model for the financial industry. With this corporate structure, instead of shareholders looking for a quarterly dividend, the bank has a non-profit owner whose mission is to create jobs, vibrant places, and enhance the quality of life in communities throughout the Commonwealth. In 2022, VCC Bank was recognized as one of the “Best for the World” by B Lab in the categories of Community, Governance, and Customers.

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Our affiliations

We are proud to be a member of numerous professional organizations. They include: