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What's New

VHCDC Issues Community Investment Notes

Date Published: Jul 01, 2015

Virginia Housing and Community Development Corporation (VHCDC) announced today it will sell Community Investment Notes to raise $1,250,000 for its community development and economic development activities. The specific terms of the Notes are described in the prospectus and on the VHCDC website. Not more than $250,000 of Notes may be issued in any given year.

Proceeds from the Note will be used primarily for neighborhood revitalization projects that include, but are not limited to, the acquisition, rehabilitation, and rental or sale of single and multi-family housing, mixed-use, and commercial properties located in select distressed communities within the Commonwealth of Virginia.

The proceeds may also be placed as direct investments in select minority-owned, small business enterprises, through our community development venture capital investment activities, as equity investments or lent to these businesses at slightly below-market rates.

Investors may visit www.vhcdc.org/invest to obtain a copy of the prospectus and instructions on how to purchase the Notes.

The Notes are being offered under an exemption from federal registration pursuant to Section 3(a)(4) of the Securities Act of 1933, as amended (the "Securities Act") and Section 3(c)(10) of the Investment Company Act of 1940, as amended (the "Investment Company Act"). The Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration. An Order of Exemption was issued by the Commonwealth of Virginia, State Corporation Commission on June 23, 2015