As a Virginia-based, 501(c)(3) nonprofit corporation, VCDC is able to bring statewide resources to local community housing needs, play a leadership role in the development of statewide housing policy, and provide expertise required for the development of affordable housing and access to Low-Income Housing Tax Credits (LIHTC), Historic Rehabilitation Tax Credits and New Markets Tax Credits. VCDC is Virginia’s largest nonprofit investor in LIHTC properties. Special services include early training and technical support to help “grow” community-based affordable housing developers. All projects funded by VCDC have financial strength based on adequate capital reserves for each project, as well as at the fund level, and within the parent corporation. Reserves are set aside to assist properties and project sponsors and to safeguard fund investments. To date, VCDC has raised over $450 Million in capital which has been invested in a portfolio of 21 funds comprised of 178 projects of approximately 6,800 housing units.
View Top Employees from Virginia Community Development CorporationWebsite | http://www.vacdc.org |
Employees | 29 (29 on RocketReach) |
Founded | 1989 |
Address | 1840 W Broad St, Ste 200, Richmond, Virginia 23220, US |
Phone | (804) 343-1200 |
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Industry | Real Estate, Low Income Housing Tax Credits, New Markets Tax Credits, Historic Tax Credits, Affordable Housing, Community Development |
Web Rank | 18 Million |
Keywords | Previntive Maintenance Report Sample, Affidavit Of Separation In Fact, Legal Separation Affidavit, Monthly Preventive Maintenance Report |
Competitors | Clark Property R+D, Heritage Farm Museum & Village, Red Stone Equity Partners, LLC, The Greystone Building, Unlimited Future, Inc. |
SIC | SIC Code 65 Companies, SIC Code 653 Companies, SIC Code 6531 Companies |
NAICS | NAICS Code 53 Companies, NAICS Code 813 Companies, NAICS Code 531 Companies, NAICS Code 8132 Companies, NAICS Code 81 Companies |
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Chris Sterling is the COO of Virginia Community Development Corporation.
29 people are employed at Virginia Community Development Corporation.
Virginia Community Development Corporation is based in Richmond, Virginia.
The NAICS codes for Virginia Community Development Corporation are [53, 813, 531, 8132, 81].
The SIC codes for Virginia Community Development Corporation are [65, 653, 6531].