Virginia Community Capital Receives $1.5M Investment from Robins Foundation
Virginia Community Capital has received a $1.5 million investment from Robins Foundation, a private family foundation with a 60-year history of leading transformational change in the greater Richmond region through innovative philanthropy. The investment will be directed toward development of affordable housing and projects that support a better quality of life for residents. The commitment includes directing $1.25 million into a LION Note (Local Impact Opportunity Note) with VCC and opening a $250,000 impact deposit account with its banking subsidiary, VCC Bank. “Robins and other institutions are leading innovative investment strategies to positively impact their communities,” said Jane Henderson, CEO of VCC. “Combining impact investing and philanthropy to tackle economic challenges in this region is groundbreaking, and Robins is demonstrating how to leverage the full range of foundation assets for greater community impact.”