For information on tax credit equity investment opportunities contact Arild Trent, Director of Investor Relations at 804.343.1200, extension 116. VCDC’s Housing Equity Funds and its Historic Rehabilitation Equity Funds provide two efficient means for corporations to invest in affordable housing and community revitalization while receiving an attractive rate of return through tax credits. The Low-Income Housing Tax Credit Program (LIHTC) facilitates corporate investment in affordable rental housing for qualified households. The Historic Rehabilitation Tax Credit Program allows investors to support local communities through the restoration of historic buildings that meet established criteria. Both the Housing Equity Funds and the Historic Rehabilitation Equity Funds are eligible as Community Reinvestment Act investments.
Over our 17-year history, investors have committed more than $225 million in 14 tax-credit equity funds. Our investors currently number more than 37, including corporations and financial institutions of all sizes.
VCDC’s experience managing equity funds has helped assure a competitive rate of return for investors. The asset management staff monitors property financial activity and tracks key performance measures, some of which include: occupancy, operating expenses, income, debt coverage ratios and reserves. Compliance monitoring also ensures that properties remain eligible for tax credits throughout the life of the equity fund. Investors are kept up-to-date with fund performance through in-depth quarterly reports.
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VHDA How to Apply Workshops
VHDA Wytheville Housing Center,Jan 6
VHDA Richmond Housing Center,Jan 8
Fairview Park Marriott Falls Church,Jan 13
Norfolk Marriott,Jan 20
Jan 15
2009 Q4 Project Financials Due
Mar 12
LIHTC Reservation Application Deadline
Apr 15
2010 Q1 Project Financials Due