In the News

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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Family secures SBA loan to operate Sowing Seeds Academy

September 12, 2019 | In the News

Borrower : Bridget Holt-Taylor, Michael Page, Crystal Holt Where : Richmond, VA Loan Amount : $193,000 Project Type : Small Business Association 7(a) Loan   Opportunity Quality, reliable childcare is critical for working families and ensures economic viability in our communities. Bridget Holt-Taylor and Crystal Holt wanted to purchase the assets of the former Phase II Neighborhood After School and Child Development Center to establish the Sowing Seeds Academy. Bridget Holt-Taylor would direct the academy, while …

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Opportunity Virginia Unveils Opportunity Zone Website and Announces Partnership with The Opportunity Exchange

September 11, 2019 | In the News

Opportunity Virginia, an initiative of Virginia Community Capital and LOCUS Impact Investing, launched its new Opportunity Zone website for the Commonwealth of Virginia and announced a partnership with The Opportunity Exchange, a national project and impact-tracking platform that helps communities maximize the impact of the federal “OZ” program. The two will work together to identify, support, and showcase OZ projects from across Virginia to the growing number of eligible investors nationwide. The site is found …

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