Investor Partnerships
As the only Virginia-based tax credit equity fund, we have invested more than $726 million to help finance more than 9,900 affordable housing units in over 240 different communities in Virginia and its adjoining states. Our impact-making investments have had exceptional performance, with every managed tax credit fund exceeding the targeted rate of return. We are intimately familiar with the localities and the organizations with whom we work to create vibrant communities that deliver returns to investors and residents.
How We Work
Hands-on Approach
From the beginning of an idea, our Development Team works with developers and community representatives to plan, complete applications, structure deal terms, secure financing and solve underwriting issues long before our funds even make an investment. When the project is complete, our Asset Management Team guides the critical transition from development to ongoing management to ensure the project remains sustainable and compliant.
Investor Oriented
Keeping investors informed and mitigating their compliance risk is a central component of the value we provide. We forge deep connections with our investors by making them a part of the project approval process through our Investor Committee meetings. We are dedicated to handling unique reporting requests and we regularly keep investors informed through quarterly reports, audit information, and annual tax reporting documentation such as Schedule K-1s.
Due Diligence
We have built a durable, consistent process over our company’s lifetime. You can be confident that we have done extensive due diligence and underwriting on the developer and the tax credit property to ensure it has satisfied the tax credit program requirements. We underwrite and manage the properties over the life of the tax credit flow to ensure the investment remains economically viable well into the future.
Investment Diversification
Our housing and historic investment funds ensure diversified risk by investing in multiple regions and with multiple types of sponsors and developers. The properties in which we invest represent a wide variety of housing including single family homes, elder care facilities, veteran and supportive housing communities, and multi-family developments all of which may be new construction, renovation or both. Three layers of reserves - project, fund and corporate - safeguard investors from risk.
Exceptional Performance
For over 30 years, every tax credit fund VCDC has managed has exceeded the targeted rate of return, despite the ups and downs in the real estate market. We offer competitive returns over many economic, legislative and regulatory cycles. No property in our funds has ever gone into foreclosure and no VCDC investor has ever experienced a loss due to tax credit recapture.
Why work with VCDC?
We strive for our funds to have a real, positive impact for both our investors and the residents of the communities in which we invest. We consider every investment from all angles so that we can be confident that our funds will do the most good for everyone involved.
Our Investor Relations Team is service-driven, and will work closely with you to ensure you get prompt answers to your questions, access to the online data you need and help with any issues should they arise. We are always planning for new fund offerings that involve LIHTCs, Historic Rehabilitation Tax Credits, New Markets Tax Credits and even Proprietary Funds for those looking for a custom investment solution.
“VCDC provides very good communication, good quarterly reports that show stability as well as being transparent.”
Explore Our Impact Stories:
