News

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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HomeTrust Bank announces $2.5 million investment with Virginia Community Capital

April 3, 2019 | In the News

  HomeTrust Bank announced a $2.5 million investment with Virginia Community Capital (VCC), a community development financial institution serving communities throughout the Commonwealth and the U.S. HomeTrust Bank’s commitment includes directing its funds into three LIONs (Local Impact Opportunity Notes) with VCC to benefit the areas of Roanoke, Martinsville, and Danville. The investment from HomeTrust—a community-focused financial institution with 10 branches in Southwest Virginia —will support VCC’s mission of fostering vibrant communities in Virginia. There …

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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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YWCA Richmond announces 2019 class of Outstanding Women Awards

January 25, 2019 | In the News

VCC President and CEO Jane Henderson is awarded a YWCA of Richmond Outstanding Women Award in the division of business. The Outstanding Women Awards embodies YWCA’s commitment to engage, develop and honor women leaders whose work helps make our community stronger,” said Linda S. Tissiere, YWCA Richmond’s chief executive officer. “Each of these women are being recognized for their significant achievement in leadership and their important impact on our region’s health and vitality.” Read the …

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Carilion buys former bank building in downtown Roanoke

January 21, 2019 | In the News

Carilion buys the former Wells Fargo building in Roanoke from VCC, providing us capital to put back into the Roanoke community. Now that it is safe and in the right long-term hands, it will be wonderful to see what unfolds in the coming years.” Read more about the building and Carilion’s plan for its future  here.

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Reinvesting in Roanoke

January 17, 2019 | In the News

We have sold the historic former First National Exchange Bank building at 201 S. Jefferson St. in downtown Roanoke to Carilion Clinic, the region’s leading health care provider. VCC is reinvesting the proceeds into the community.

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