Our Mission:
At VCDC we help connect communities with human and financial capital that supports locally-driven revitalization.
We want to see flourishing communities where neighbors thrive. We do this work with a focus on communities first, excellent customer service and partner support, and diligent persistence.
What We Do
For over three decades, we have connected developers, investors, and communities with the mission to build affordable housing and revitalize historic properties in order to create thriving neighborhoods that benefit all residents. Our hands-on approach and extensive experience in every facet of community building helps us bring the right people together in order to drive change.
Community Driven Development
For over 30 years, we have worked hand-in-hand with local partners, helping them navigate the complex development process so that they can build on relationships in the communities in which they serve.
Mission Focused Investor Partnerships
We strive for our funds to have a real, positive impact for both our investors and the residents of the communities in which we invest.
Giving Back through Community Support
Community is at the core of what we do. Beyond the financial role we play, we are committed to ensuring everyone in our region not only has access to quality affordable housing, but also to services, programs, and amenities that enhance their quality of life.
Our History
Since 1990, we have served communities by adding value through the development, funding and management of affordable housing and community revitalization projects. We have worked with LIHTC projects from the beginning and were the first manager of tax credit equity funds in Virginia. Many things have changed over the decades, but not our passion and commitment to creating vibrant communities where residents thrive.
1986
The Federal Low Income Housing Tax Credit Program was enacted
1990
VCDC was founded, making us the first manager of tax credit equity funds in Virginia.
1992
Closed on our first LIHTC community, Monticello Vista Apartments in Charlottesville, VA
2001
Became a certified Community Development Financial Institution
2005
Established first VCDC equity fund outside of Virginia - The Housing Equity Fund of Kentucky
2011
Closed on our first New Market Tax Credit partnership - Center in Square in Roanoke, VA
2015
Inaugural class of the Mission Elevation program
Present
We have made over $726,000,000 in equity investments in over 242 communities
Our Passionate Team
TerAna Banks, Asset Manager
I can help property managers in the VCDC portfolio navigate lease-up and the tax credit compliance processes and assist properties in quarterly financial reporting.
Certifications: COS, PHM, SHCM, FHC, PH-EM
Email or (804) 482-8152
Raven Bates,
Director of Administration & Communication
I can help nonprofits learn about the Mission Elevation program and Vern Henley Special Initiatives Grant in addition to answering questions related to VCDC public relations and marketing.
Email or (804) 482-6232
Steve Bleile,
Director of Project Development
I can help with understanding the ins and outs of tax credit development, VCDC development pipeline questions and connecting you to the right development team member.
Email or (804) 482-6231
Deborah Bryant,
Asset Manager
I can help property managers in the VCDC portfolio navigate lease-up and the tax credit compliance processes and assist properties in quarterly financial reporting.
Certifications: ARM, COS
Email or (804) 482-5389
Alexsa Davis,
Asset Manager
I can help property managers in the VCDC portfolio navigate lease-up and the tax credit compliance processes and assist properties in quarterly financial reporting.
Email or (804) 482-6238
Laura N. Dupuy,
VCDF Loan Fund Director
I can help developers learn more about VCDC's offerings through Historic and New Market Tax Credits in addition to our CDFI loan fund.
Email or (804) 297-3995
Molly Dye,
Research & Writing Coordinator
I help build internal organization capacity and enhance community and partner engagement through marketing and communication campaigns.
Email or (804) 482-6230
Elijah Kaiss,
VCDF Portfolio Manager
Email or 804-297-3162
Kelsey McMahon,
Data Coordinator
I can help with questions about performance metrics and reported data, such as: audits, cash flows, cost certifications, K-1s, and tax returns, and also can assist partners with Quarterly Reporting.
Email or (804) 482-5386
Jeffrey Michael Meyer,
Senior Development Officer
I can help you learn more about how our team can assist and partner with Housing Authorities and HUD programs and offer consultation on how the LIHTC or Historic Tax Credit Program to build your community.
ShaDawn Moody-Elizondo,
Asset Manager
I can help property managers in the VCDC portfolio navigate lease-up and the tax credit compliance processes and assist properties in quarterly financial reporting.
Certifications: COS
Email or (804) 482-6237
Robert L. "Bob" Newman,
President & CEO
I can help with developing new and existing partnerships, VCDC business development and equity fundraising.
Email or (804) 482-5387
Russ Parrish,
Controller
I can help with finance and accounting, insurance and human resources inquiries.
Email or (804) 482-6070
Alicia Peel,
Development Coordinator
Email or (804) 482-6227
H. Bernard Rogers,
Director of Equity Funds & Investor Relations
I can help with learning more about how our equity funds operate, current and prospective investor inquiries and sharing the benefits and impact of joining the VCDC equity funds.
Email or (804) 297-3005
Angela Taylor,
Director of Asset Management
I can help with understanding the ins and outs of LIHTC compliance requirements, VCDC portfolio performance questions, connecting you to the right asset management team member.
Certifications: HCCP, AHM, COS-HCV, FHC
Email or (804) 482-6075
McKenson Smart,
Accountant
I can help with vendor payables and accounting questions.
Certifications: Notary Public
Email or (804) 482-6071
Jen Wickham,
Senior Development Officer
I can help first time developers learn more about the LIHTC and how VCDC can make an impact through partnerships in rural communities.
Email or (804) 482-6072
Nannette “Nan” Orsini Spear, Director of Data Science & Business Systems
I can help our partners with performance metrics of the VCDC portfolio, quarterly reporting and assist investment partners in accessing the Investor Portal.
Email or (804) 482-6235
Chris Sterling,
Vice President & COO
I can help you learn more about VCDC's development pipeline, asset management portfolio and equity fund management.
Email or (804) 482-5388
Do you want to make an impact?
VCDC may be the place for you.
Our Board of Directors
Robert J. Adams, Senior Advisor, HDAdvisors
Neil Amin, Chief Executive Officer, Shamin Hotels
Philip A. Brooks, Principal, McNeil Street, LLC
Michael Chiappa, Senior Vice President of Real Estate, Arlington Partnership for Affordable Housing (APAH)
Susan Dewey, Retired CEO, Virginia Housing
Manju S. Ganeriwala, Retired from the State of Virginia as Treasurer
Monica L. Jefferson, Associate Chief of Programs, Virginia Housing
Karen Ann Klick, Managing Consultant, Klick Consulting
Jonathan T. Knopf, Vice President, HDAdvisors
Jason Long, Executive Vice President & CFO, C&F Financial Corporation
Earlene Powell, Financial Director, Southside Outreach Group, Inc.
Tyrone E. Sessoms Sr., VP of Coordinated Housing & Support Services, STOP Inc.
Karen Ruth Wilds, Executive Director, Newport News Redevelopment and Housing Authority (NNRHA)
Officers:
Philip A. Brooks, Chair
Monica L. Jefferson, Vice-Chair
Robert Newman, President and CEO
Chris Sterling, Vice President and COO
Russ Parrish, Secretary and Treasurer
