Lending: Ventura County Community Development Corporation

VCCDC History

In June 2001, the Ventura County Community Development Corporation (VCCDC), a non-profit lending affiliate of CEDC (which operates as part of the NeighborWorks® HomeOwnership Center), was incorporated with the mission “to undertake community development activities that will revitalize neighborhoods by stimulating investments.”  VCCDC was created to address the growing affordability gap facing very-low, low, and moderate-income families living in Ventura County looking to purchase a home.

To address this need, VCCDC lends amortized and deferred subordinate loans to families through capital raised from financial institutions, intermediaries, foundations, municipalities, and state and federal government agencies. For very-low and low-income families, deferred funding is often necessary to increase purchasing power enough to afford the cost of a home in Ventura and surrounding counties.

In addition to lending it own capital, VCCDC works closely with cities, public housing agencies, and other entities with first-time homebuyer assistance programs to ensure that the process of accessing these layered financing sources runs as smoothly as possible. Through strong communication, access to funds, and smooth transition processes, VCCDC presents a creative approach to helping families purchase in today's market.

Mission Statement

“To strengthen and sustain vibrant communities by empowering and enabling low-to-moderate income individuals, families and businesses to build wealth through homeownership and entrepreneurship.”

VCCDC Board of Directors

Michael R. McGuire, President

Ernest Baskette, Treasurer

Shane Saunders, Board Member

RashiKallur, Board Member

Zeeda Daniele, Vice President*

Jorge Gutierrez, Secretary*

Rodney Fernandez, Board Member

Lena Freiberg, Board Member*

* These individuals also serve on CEDC’s Board