Virginia Community Development Corporation (VCDC)

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Virginia Community Development Corporation (VCDC), the Commonwealth’s oldest and most successful manager of tax credit equity funds, will soon celebrate 30 years of sponsoring The Housing Equity Funds of Virginia. Investments in VCDC’s equity funds receive market rates of return, while helping to finance quality housing for working Virginians. The tax credits provide investors a dollar-for-dollar reduction in federal income tax liability. Regulators also recognize these investments as CRA-eligible activities.