Community Partners Launch Virginia CDFI Coalition

Virginia CDFI Coalition
Wednesday, August 11, 2021

23 partner organizations, including CDBA and CDBA member Virginia Community Capital, have lauched the Virginia CDFI Coalition. Earlier this year, the Virginia General Assembly passed a $10 million budget amendment that effectively created and funded the Virginia CDFI Fund, which is to be administered by the Virginia Department of Housing and Community Development (DHCD). The purpose of this fund is to support Virginia-based CDFIs and build their capacity to support communities and businesses across the state. In response to this opportunity, a majority of Virginia-based CDFIs has agreed to organize, form a coalition, and establish a collective voice for the community development and investment community.