In the News

Cameron Foundation Renews $1 million investment with Virginia Community Capital to support Tri-Cities rebuilding

June 22, 2020 | Impact Stories, In the News

Partnership spurred $5.5 million in Tri-Cities development since 2017 PETERSBURG, VA (JUNE 22, 2020) – Three years after its successful initial investment, The Cameron Foundation has renewed a $1 million loan and deposit with Virginia Community Capital (VCC), a community development financial institution that makes impact investments throughout the Commonwealth. As the community begins to reopen from the COVID-19 closures, the funds will be deployed into the Tri-Cities and other areas in Cameron’s footprint, supporting …

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Northern Trust partners with CDFIs to deliver small business support

May 13, 2020 | In the News

Northern Trust Corporation is partnering with the Self-Help Fund, the National Development Council (NDC) CDFI Subsidiary Grow America Fund (GAF), immito, and others to provide $100 million in low-cost funding to CDFIs to help them provide loans to small businesses and nonprofits via the federal Paycheck Protection Program. Virginia Community Capital is among the group of nationwide recipients of these funds. Read more here.

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A developer with a deposit to create more impactful development

February 7, 2020 | Impact Stories, In the News

Over more than two decades, Robin Miller has made a name for himself and his firm, Miller & Associates, as one of Virginia’s most prolific developers. Focusing on adaptive re-use of historic structures and infill in urban communities, Miller and his team are behind more than $100 million worth of prominent historic tax credit projects and new construction in Richmond’s Jackson Ward, Manchester, and Church Hill neighborhoods, along with properties in Petersburg and Staunton. So …

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New national investment pool names Richmond manager

January 29, 2020 | In the News

LOCUS Impact Investing has been named the program manager for the Community Investment Guarantee Pool, a group of ten philanthropic organizations across the United States and a large healthcare system serving as a catalyst for more than $150 million in new community investments in small businesses, climate and affordable housing. The first of its kind in the U.S., the project made a splash in national media, and even caught the attention of Forbes. Here are a …

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Supporting the Byrd experience and the community it serves

January 7, 2020 | In the News

One of the most iconic buildings in Richmond is the Byrd Theatre, located in the heart of one of the city’s most admired neighborhoods, Carytown. “Virginia’s Grand Motion Picture Palace” was built in 1928, and recently celebrated its 90th birthday. Today, the theatre shows second-run movies, big-screen classics, and family friendly films and of course, the beloved anti-litter trailer shown before every one of them. The Byrd Theatre Foundation, owner of the theatre, was established in 2001 as …

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Governor Northam Announces Launch of Opportunity Virginia

October 22, 2019 | In the News

Partnership between Commonwealth and Virginia Community Capital to create Opportunity Zone marketplace will help increase investment in low-income communities FOR IMMEDIATE RELEASE Date: October 22, 2019 Office of the Governor Contact: Alena Yarmosky Email: Alena.Yarmosky@governor.virginia.gov Virginia Department of Housing and Community Development Contact: Amanda Love Email: Amanda.Love@dhcd.virginia.gov CHARLOTTESVILLE—Governor Ralph Northam today announced the official launch of Opportunity Virginia, a new initiative designed to leverage the federal Opportunity Zone program. Governor Northam made the announcement during …

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Creating new opportunity for communities with innovative lending

October 4, 2019 | In the News

In 2016, Fahe, a regional Network, financial intermediary, and CDFI, received $50 million in loan awards from the USDA Community Facilities Relending Program to pursue its mission: ending persistent poverty in Appalachia. Among its numerous initiatives, Fahe sought to build several community facilities, including daycare and opioid-addiction rehabilitation centers. However, a key barrier hindering the deployment of the USDA’s Community Facilities capital is not being able to use awards for construction projects. Borrowers must find …

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VCC Sponsors farm-to-table fundraiser in the Alleghenys

September 20, 2019 | In the News

By Francesca Costantino, Community Impact Advisor VCC sponsored the Allegheny Mountain Institute’s (AMI) fundraiser for the Farm at Augusta Health in Fishersville, VA. The farm-to-table dinner included dishes from the farm and live music from an old-time band. In 2017, AMI established an organic vegetable farm and educational programming on farming and nutrition on the Augusta Health grounds.  The Farm provides nutrient dense produce for the health center food system, the Food Pharmacy program, and …

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