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Virginia Community Capital Expands Its Mission
Virginia Community Capital (VCC) is a nonprofit, community development financial institution (CDFI) focused on community and economic development in Virginia. VCC, originally chartered in 1995 as a small CDFI, offered micro-lending and Individual Development Account programs in three counties in the state. In 2005, the organization expanded its reach statewide. At the end of 2007, the entity had a loan portfolio of approximately $10 million and assets of $28.3 million. VCC supports community and economic development activities throughout the commonwealth, including affordable housing preservation and development, small business development, and primary care services for medically underserved areas. In addition, VCC is opening a community development bank to expand further its community development activities.

VCC offers partnership opportunities for community development loans and investments to banks serving Virginia. In addition, VCC provides technical assistance and credit enhancements for banks making loans for community development.

For more information, contact Jane Henderson, President and CEO at (540) 260-3126, e-mail her, or visit VCC's Web site.
[Community Developments Investments, Fall 2008]

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