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.

Non Profit

Real Estate

VCDC

Robert Newman

Chris Sterling

Monica L. Jefferson

Steve Bleile

Raven Bates

Jason Long

The Asset Management Team at VCDC is responsible for overseeing and optimizing the performance of the nonprofit's investment portfolio in affordable housing projects. This includes monitoring financial health, ensuring compliance with regulatory requirements, and providing support to project sponsors. By leveraging their expertise, the team aims to safeguard investments, manage risk, and enhance the long-term sustainability of the properties within VCDC's portfolio.

Asset Management Team

Development Team

Finance and Administration

Asset Management Team

About

Team members

Other teams at VCDC

Development Team

Finance and Administration