VI VIRGINI INIA A COM OMMU MUNIT NITY Y CAPIT PITAL AL Vi Virginia inia Fi First st Cities ies 11/19 /19/19 /19 Le Leah Fr Fremo mouw uw and Jose seph ph Barnes rnes
VCC is a Community Development Financial Institution (CDFI) • Certified by the US Treasury Department as a CDFI • Primary mission of promoting community development • Target market: low-moderate income people/communities in Virginia • Provide financing and development services directly and through VCC Bank *VCC Bank is a subsidiary of Virginia Community Capital (also a CDFI) 2
Our Business: Corporate Structure Virgi ginia nia Community munity Capit ital al Non Non-profi ofit Fi Financia ial l Ho Holdi ding g Co Company CDF CDFI Loan Loan Fun Fund LOCUS Impact VCC Bank LOCUS Capital LOCUS Foundation Investing (CDFI) (Registered Investment Advisor) (Non-profit ) CD Grants, Source, Consulting • Loans & Deposit Source, Structure, U/W, • • Structure, U/W, Service, Service, Community Economic Services • Monitor, Monitor, Report for Development Common Stock • Report for Direct Direct Investments Community (ED) • Investment Investments Philanthropy Community Investing • (Charitable assets gifted to Opportunity ( Assets of Other Organizations) LOCUS Foundation) VIRGINIA FOCUS NATIONAL FOCUS
VCC’S History 2008 2008 2017 2017 2006 2006 Former Governor Mark Warner VCC Bank opened as a VCC acquired the Center for privatized $15M in state loan state-chartered, Federal Rural Entrepreneurship and funds to seed VCC Reserve, FDIC insured together created LOCUS member-bank Impact Investing
Social Impact as of 09/30/2019 $627 $627 MILLION $1.7 $45m in loan originations Since 2006 BILLION $52m $62m $13m 3m $179m IN TOTAL IMPACT $198m $59m $75m $112m 19 13,717 22 890 7,913 9,121 28,746 TOTAL LOANS MWh OF CLEAN TOTAL LOANS TOTAL PROJECTS JOBS CREATED & HOUSING UNITS TOTAL ADVISORY ADDRESSING ENERGY ADDRESSING FINANCED RETAINED FINANCED SERVICE HOURS HEALTH CARE PRODUCED FOOD ACCESS 5
Consolidated Financial Overview *thro rough ugh September 30, 2019 $13.7 13 YEARS 102% Total net In equity * income over since 14 years* inception MILLION PROFITABLE GROWTH Assets Under Management, in Millions $500 $250 Loans Outstanding, in Millions $399 $400 $200 $300 $150 $200 $100 $100 $50 $- $- 2012 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 6
Products and Services (VCC and VCC Bank) Advisory Lending Investing Services • Real Estate • Deposits • Collaborative • Affordable Housing • Grants Leadership • Small Business • Stock • Business • Healthy Food Development • Program Related Investments • Clean Energy • Technical Services
Real Estate Lending • Low Income Housing Tax Credit Bridge Loans • Historic Preservation/Historic Tax Credits Bridge Loans • Construction Loans • Mini-perm Real Estate Loans • Multi-Use Development • Acquisition and Refinance • Commercial Real Estate
Small Business Lending • Business acquisition • Debt refinancing • Equipment financing • Owner-occupied real estate • Working capital lines of credit • SBA 7(a), SBA Express, SBA 504 • Solar Loans • USDA Loans
Housing Catalyst Loan Fund In 52 of Virginia ia's s counti ties and cities, s, housi sing ng costs ts are unaffo fordab able to to over ver 30% of famili lies. s. Source: 2011-2015 American Community Survey
Virginia Fresh Food Loan Fund • 1.7 Million Virginians live in communities with limited supermarket access • 480,000 of these individuals are children
Advisory Services PARTNERSHIP INNOVATION EXPERTISE
13 CONFIDENTIAL - NO FURTHER DISTRIBUTION
Local Solutions: LEVERA ERAGING ING OPPORTUNI TUNITY Y CAPITAL AL ZONE STRATEGY TEGY
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TH THANK NK YOU OU!
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