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

VCDC's headquarters in Richmond, VA, United States

Robert Newman

Steve Bleile

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

This department oversees the management and optimization of investment assets to maximize value and ensure strategic alignment.

Asset Management

The Development Team at VCDC is responsible for planning, financing, and executing affordable housing projects across Virginia. They work collaboratively to identify community needs, ensure compliance with tax credit programs, and provide technical support to local developers. By leveraging their expertise, the team drives the growth of VCDC's investment portfolio, focusing on maximizing impact and sustainability within the housing sector.

Development Team

The Leadership Team at VCDC is responsible for setting the strategic direction and vision for the organization, ensuring effective governance and operational excellence. This team collaborates to develop initiatives that enhance statewide housing policies, drive community-based affordable housing development, and oversee financial stability across all VCDC projects, thereby fostering growth and sustainability in housing solutions for Virginia communities.

Leadership Team

This department focuses on fostering and managing community development initiatives and investments.

Community Investments

This department focuses on coordinating and conducting research related to data analysis and management.

VCDC

Org chart

Teams

Asset Management Team

Asset Management

Development Team

Leadership Team

Community Investments

Data Research

Offices

VCDC

Org chart

Teams

Asset Management Team

Asset Management

Development Team

Leadership Team

Community Investments

Data Research

Offices

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