VCDC works with our partners to add value at every stage of the process. Once properties are placed in service, VCDC works closely with the sponsors and management agents to ensure that the properties are well-managed, able to pay all operating expenses and debt service obligations, and fully compliant with regulations that ensure the continued flow of tax credits, which are the primary economic benefit to the investors.
VCDC is your partner
for the life of the project.
Our Asset Management team is led by a full-time director of asset management and includes two portfolio directors and a compliance management director. The staff has more than 80 years of combined property management, asset management and LIHTC experience. A part-time construction specialist provides technical assistance including physical inspections of VCDC’s portfolio and significant rehab-funded activities, as requested.
- Your vision stays strong. VCDC guides the all-important transition from the development phase to asset management in a way that ensures the project remains sustainable for the full life of the investment. This transition typically begins during the pre-construction phase and continues until construction is completed and our asset management team assumes oversight.
- You have a skilled team with you every step of the way. Our asset management team provides extensive training and technical assistance to sponsors, particularly in the area of LIHTC. We work directly with sponsors during the pre-lease-up and lease-up phases to ensure compliance with projected schedules and LIHTC program requirements.
- Accountability. You want your vision to deliver on its promise to the community. Throughout the life of the investment, we are by your side, helping you to avoid, pre-empt, or navigate around any challenge that may present itself. Whether you are creating stable homes in safer neighborhoods for hard-working families, providing resources to serve formerly homeless veterans, or restoring historic architecture, our asset management team works to help you achieve enduring impact in your community.
“VCDC provides very good communication, good quarterly reports that show stability as well as being transparent.”
– Jessica S. Clarke, Union Bank and Trust