Virginia Launches Online Marketplace, Credit Facility Program for OZs
Virginia Gov. Ralph Northam this week announced a partnership with Virginia Community Capital (VCC) to create an online marketplace to match investors with opportunity zones (OZ) communities and to a $50 million credit facility program. LOCUS Impact Investing will lead the VCC effort, which is in partnership with the Virginia Department of Housing and Community Development and the Virginia Housing Development Authority (VHDA). The partnership is funded with a $1 million grant from VHDA, which will also provide the $50 million credit facility program to help OZ investors acquire property in OZs.