Impact Stories

Innovative partnerships supporting our communities

June 24, 2019 | Impact Stories

When Mark Constantine stepped into his role as president and CEO of the Richmond Memorial Health Foundation, his directives from trustees were clear: Create positive social change through sustainable, socially responsible funding strategies. “One of the expectations from the Board was for me to think about what we could do at the intersection of health equity, the social determinants of health, and impact investing,” he recalls. RMHF’s trustees and stakeholders were interested in the idea of …

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New ownership brings new ideas to a specialty market in Gloucester

June 21, 2019 | Impact Stories

Borrower : Kelsick Specialty Market Where : Gloucester, VA Loan Amount : $107,000 Project Type : Small Business Administration Loan   Opportunity Paige Drewry wanted to join the Main Street movement in the Chesapeake Bay village of Gloucester. She found the right opportunity in Kelsick Specialty Market, which had brought cheese, fresh pasta, wine and craft beer to the small town’s Main Street for 25 years. Its previous owner, Beth Haskell, was ready to retire when …

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Supporting healthy and affordable food in Brookland Park

May 24, 2019 | Impact Stories

Borrower : Nomad Deli Where : Richmond, VA Loan Amount : $144,500 Project Type : SBA 7(a) Term Loan   Opportunity Nomad Deli has been making its culinary mark in Richmond’s Brookland Park area since 2015. Founder Anthony Tucker opened the restaurant in an area lacking freshly prepared food wanting to fill that gap with affordable, fresh options and, as he says, “Put somethin’ good in ya mouth.” The minority-owned restaurant has run successfully with Anthony …

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A space to gather and create in Richmond’s East End

May 9, 2019 | Impact Stories

Borrower : Oakwood Arts Where : Richmond, VA Loan Amount : $340,000 Project Type : Acquisition and Construction Loan   Opportunity In 2017, Shannon Castleman had a vision for Richmond’s growing East End — a place where neighbors could gather together to express themselves freely through art and create lasting relationships. She saw this potential in a location where others might have seen an unused and abandoned church building. To Castleman, the church symbolized a beacon of artistic entrepreneurship, leadership, …

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Healthy Foods and “Hope” to Richmond’s East End

April 30, 2019 | Impact Stories

Borrower : Market at 25th and Hope Pharmacy Where : Richmond, VA Loan Amount : $1.5 million (Market) and $150,000 (Pharmacy) Project Type : Fresh Food Loan Fund (VFFLF), SBA 7(a) term loan, SBA Express Line of Credit   Opportunity The Market at 25th ranks among Richmond’s most anticipated economic development projects in recent times. The Church Hill development, with backing by prominent business and civic leaders, will bring a much-needed grocery store and healthy foods …

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Creating more affordable housing in Warrenton

April 4, 2019 | Impact Stories

Borrower : Foothills Housing Corp. Where : Warrenton, VA Loan Amount : $2 million Project Type : Commercial Real Estate Loan   Opportunity In 1970, Foothills Housing Corp. started making improvements to single-family homes that lacked indoor plumbing and has continued to grow throughout the years. Today, the nonprofit offers services such as emergency home repair, disability ramps, and energy efficiency services for low-to-moderate income families and seniors. They also develop and manage a number of …

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Snap Car Buying

February 24, 2019 | Impact Stories

Borrower : Snap Car Buying, Inc. Where : Chantilly, VA Loan Amount : $1.06 million Project Type : SBA 7(a) Business Acquisition Opportunity Snap Car Buying Inc. is a Chantilly auto dealership that sells higher-end used vehicles at competitive prices. Most of its cars come from auctions and are bought in near perfect condition, found by an experienced buyer who has been in the industry for nearly two decades. Snap understands that most prospective buyers start …

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Thompson Entertainment

January 31, 2019 | Impact Stories

GamerBus is a popular gaming bus filled with video gaming equipment traversing the Hampton Roads region, bringing big titles like Fortnite, Madden, and Super Smash Bros. to birthday parties and other special events.

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Wesley Housing

January 11, 2019 | Impact Stories

One mile west of the Potomac River and Woodrow Wilson Memorial Bridge rests a partially occupied, 12-unit apartment community for low-income residents. Behind it, on the same parcel, two dilapidated duplexes sit empty. However, Wesley Housing, a respected local non-profit that has built affordable housing for thousands of Northern Virginia residents since 1974, has a vision for this prime, visible property.

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December 17, 2018 | Impact Stories

Project:HOMES doesn’t only improve houses, they improve lives. In areas lacking safe and affordable housing, the nonprofit general contractor’s goal is to build modern affordable housing and advance the safety, accessibility, and energy efficiency in existing homes for low-income individuals and families.

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