Financing Options
While rehab incentives are available, sometimes it can be difficult to acquire the additional funds necessary to take advantage of these incentives.
Below are just a couple of competitive options available when looking for financing renovations. If you need assistance in finding affordable financing options, please schedule an appointment with the HDP.

Crater Planning District Commission (CPDC)
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The CPDC is a regional economic development and planning organization that provides certain benefits to the cities it works with, which includes Hopewell. The CPDC has a number of competitive loans available including a revolving loan fund and an SBA 504 Loan. You can find more information about these and other loans on their website.

Virginia Community Capital
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Virginia Community Capital (VCC) is a multi-million dollar non-profit, community development financial institution (CDFI) and banking entity providing innovative loan and investment solutions for affordable housing and economic development projects in the Commonwealth of Virginia. VCC offers loan capital that is broader than bank lending to projects that have a positive community impact in low-to moderate-income communities in underserved geographies and markets.
