Virginia Community Capital Southern New Economy Summit May 6, 2015 South Hill, Virginia May 2015.

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Presentation transcript:

Virginia Community Capital Southern New Economy Summit May 6, 2015 South Hill, Virginia May 2015

Community Development Financial Institution Impact (CDFI’s nationwide) (FY2011) 2 100% dedicated to financing projects for low-income, low-wealth, and other disadvantaged people & communities $10.3 billion in assets Low risk – 1.7% net charge off ratio $30.6 billion investments –84,000+ businesses –940,000+ affordable housing units –9,300+ community facilities (health care, etc.)

VCC CDFI Focus – Virginia  Affordable Housing  Access to health care (community facilities)  Access to fresh foods  Job Creation  Small Business  Community Vibrancy 3

VCC Footprint 4

5 Economic Impact Our economic impact: –324 Loans –$176 million in loans originated –Leveraged additional $359 million from public/private sources –$58.1 million socially conscious deposits from businesses, banks, institutional investors & individuals

6 Social Impact Our social impact: –1,958 jobs created/retained –4,676 affordable housing units –1,376k sq. ft. new & rehab commercial –6 healthcare centers & 2 rural hospital

Real Estate Projects 7 Types of Projects Residential Mixed Use Affordable Housing/LIHTC Communities Facilities Historic Tax Credits New Markets Tax Credits Types of Loans  Predevelopment Loans  Acquisition Financing  Construction Loans  Mini-Perm Loans

Small Business Loans 8 Asset Based Lending Healthy Food Financing Omegus Prime (NOVA) Working Capital Expansion Financing Virginia Fresh Food Loan Fund

Other Projects 9

Investing in VCC Deposits-Equity-Grants Banks Capital One Wells Fargo Bank of America BB&T PNC Bank of Botetourt Goldman Sachs Union First Market Foundations Bon Secours Cabell Foundation Jessie Ball duPont Fund Institutional investors Domini Social Investment Fund HNW Individuals 10

Contact Information: Dawn DeHart Sr Vice President 930 Cambria Street, NE Christiansburg, VA