At a glance
From its website, read 2 Nov 2026Virginia Community Development Fund, Inc., The is a loan fund based in Richmond, Virginia. Its website describes commercial real estate loans, energy-efficiency loans and affordable housing development loans. Where it lends: Virginia and West Virginia.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.vacdc.org |
|---|---|
| Office (official list) | 115 S. 15th St., #501, Richmond, VA 23219 |
What their website says about applying
to connect with the VCDC team and get started.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 15 Jul 2026 |
| RSSD ID | — (none listed) |
| Address | 115 S. 15th St., #501, Richmond, VA 23219 Directions (Google Maps) |
| Website | www.vacdc.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 6 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts and borrower application details were not stated on the pages fetched; the Virginia Housing mortgage broker service is a separate partner program and was excluded. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | The Economic Development Lending Program is designed to provide flexible, affordable commercial loans and technical assistance to mixed-use projects in undercapitalized, high-poverty areas | source |
| Energy / solar / efficiency loans | — | Through the Energy Lending Program, we offer low-interest loans to help organizations in VA and WV invest in sustainable energy upgrades that save money and protect the planet. | source |
| Affordable housing development loans | — | Through the Affordable Housing Fund we provide higher-risk loans for predevelopment, construction, bridge, and permanent financing for affordable housing projects primarily serving low-income communities below 80% AMI. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Virginia and West Virginia
throughout our service areas of Virginia and West Virginia.
source
Borrower focus
- Nonprofits
The mission of VCDC Community Lenders is to provide alternative financing and technical assistance to non-profit and other developers engaged in the creation or preservation of affordable housing, community development, and economic development activities
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your energy-efficiency loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your commercial real estate loans and affordable housing development loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$11.3 million in 10 awards from the U.S. Treasury's CDFI Fund, 1998–2024 (5 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $800,000 |
| 2023 | Capital Magnet Fund | $4,000,000 |
| 2022 | CDFI Equitable Recovery Program | $894,860 |
| 2021 | CDFI Rapid Response Program | $1,750,000 |
| 2020 | CDFI Program, Financial Assistance | $450,000 |
| 2020 | Capital Magnet Fund | $2,250,000 |
| 2019 | CDFI Program, Financial Assistance | $325,000 |
| 2012 | CDFI Program, Financial Assistance | $600,000 |
| 2001 | CDFI Program, Technical Assistance | $184,000 |
| 1998 | CDFI Program, Technical Assistance | $49,960 |
New Markets Tax Credit allocations
$70 million in 2 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2018 | New Markets Tax Credit allocation | $35,000,000 |
| 2009 | New Markets Tax Credit allocation | $35,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $13.8M |
|---|---|
| Total liabilities | $1.2M |
| Net assets | $12.6M |
| Total revenue | $5.6M |
| Notes and loans receivable, net (Part X line 7) | $6.6M |
| Program-related investments (Part X line 13) | $3,236 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 54-1914519, filed as “VIRGINIA COMMUNITY DEVELOPMENT FUND INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $8.3M | $7.7M | $4.7M | $2.6M |
| Dec 2022 (990) | $9M | $8.1M | $1.3M | $4.3M |
| Dec 2023 (990) | $13.8M | $12.6M | $5.6M | $6.6M |
Total assets grew 66% from Dec 2021 to Dec 2023; notes and loans receivable rose 155%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $13.8M | Larger than 62% of the 13 other certified loan funds and venture funds in Virginia with a matched Form 990 (median $9.9M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Virginia | 13 | larger than 62% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Richmond and Virginia
- Bridging Virginia IncLoan fund · Richmond, VASmall-business loansVerified
- Locus Bank, Inc.Bank or thrift · Richmond, VAEnergy / solar / efficiency loans, Affordable housing development loans, Small-business loansVerified
- Locus Impact FundLoan fund · Richmond, VAEnergy / solar / efficiency loans, Affordable housing development loans, Small-business loansVerified
- Mobility Credit Acceptance LLCLoan fund · Richmond, VAAuto / vehicle loans, Equipment loans, Home repair / improvement loansVerified
- RVA Financial Federal Credit UnionCredit union · Richmond, VAAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
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