The Virginia Community Development Fund, Inc.

The Virginia Community Development Fund, Inc. is a non-profit, tax-exempt community development financial institution (CDFI) headquartered in Richmond, Virginia. Registered in SAM.gov since December 2011, the organization specializes in providing financial services and support to low-income communities, with a primary focus on affordable housing solutions and community revitalization initiatives across the United States. As a designated CDFI, the organization leverages federal grants to attract private capital investments that address critical economic development needs in underserved areas.

The organization has consistently received federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, focusing on multiple strategic programs. These grants include a $800,000 CDFI Program project grant in September 2024 for community revitalization efforts, an Equitable Recovery Program grant of $894,860 in April 2023 to support COVID-19 economic recovery, a $1.75 million Rapid Response Program grant in June 2021 to address pandemic-related economic challenges, and a $2,250,000 Capital Magnet Fund grant in February 2021 dedicated to creating and preserving affordable housing. Each grant enables the organization to provide financing, lending, investment activities, and financial services targeting low-income individuals, families, and communities. The grants specifically support efforts such as affordable housing preservation, rehabilitation, lending to minority-owned businesses, and building organizational capacity to respond to economic disruptions, with a particular emphasis on regions disproportionately impacted by economic challenges.