“The Richmond Association of REALTORS® is truly a national leader by creating this innovative solution to enhance the quality of life for the Richmond region,” said Jane Henderson, CEO and president of Virginia Community Capital.

RAR has invested $1 million through a loan to Virginia Community Capital to support quality, affordable housing and economic development projects in the commonwealth. The interest income paid by Virginia Community Capital on the three-year note will be donated to The Community Foundation Serving Richmond and Central Virginia.

Read the full article from the Richmond Times Dispatch.

Virginia Community Capital is a nonprofit community development financial institution and state-chartered banking entity with offices in Richmond, Christiansburg and Norfolk. Visit www.vacommunitycapital.org to learn more about the Virginia Community Capital.
VCCl logo vertical