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. …
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 …
Supporting Affordable Housing on the Eastern Shore
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 …
Strengthening Local Food Systems in Lynchburg, VA
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 …
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 …
A Brewery Brings Jobs to Petersburg, VA
Opportunity Developer Dave McCormack worked with Virginia Community Capital (VCC) to fund Trapezium Brewing Company. The brewery creates a lively, vibrant gathering place that brings new life to a vacant building, attracts residents and visitors to Old Towne Petersburg while creating jobs and revenue for the city. Solutions Flexible Funding The projects VCC backs are sometimes considered “too complicated” from the broader financial community. VCC funded McCormack’s Trapezium Brewing Company with several other financial and …
Expanding Access to Healthcare
Piedmont Access to Health Services (PATHS) is a nonprofit community health center based in Danville with locations in Chatham, Martinsville, and Boydton (Medically Underserved Areas) which offers primary care services including pediatrics. PATHS’ vision is to be a catalyst for change, making a healthy life possible for everyone. The center serves all patients regardless of their ability to pay and 40% of their patients are uninsured. PATHS decided to increase its Danville facility to expand …
Jim Scanlon, an experienced grocer with more than 40 years in the industry, opened a full-scale grocery store in the city of Newport News in May of 2016 with VCC’s help. This community-focused private/public partnership was established to create living wage jobs, stimulate economic activity, and provide access to healthy and affordable foods. The store is 28,000sq ft. full-service grocery store offering fresh produce, prepared foods, salad bar, deli, traditional grocery staple items. Jim’s Market …
Solar at University of Richmond
In May, 2016 Secure Futures LLC completed a solar power generation system on the campus of the University of Richmond (UR) in Richmond, Virginia. Totaling 205 kW, the array was installed on the roof of the Weinstein Recreation and Wellness Center. The UR project is home to the first commercial application of SolarWorld USA bi-sun solar panels, which increase efficiency by taking advantage of solar radiation from both direct sunlight on the front and ambient …
Enhancing quality of life… In the heart of Clifton Forge, about a half hour west of Lexington, is the historic Masonic Theatre. Up until 1987, the Masonic was the oldest operating theater in Virginia. It reopened in 1990 and was donated to the town of Clifton Forge in 2003. The architectural masterpiece has hosted such stars as Gene Autry, Tex Ritter, Burl Ives, the Drifters, and the world-famous Count Basie Orchestra. In 2016 the theatre …