(OXNARD, CA) The Ventura County Community Development Corporation (VCCDC) received a $50,000 grant from Bank of America to help continue the organization’s mission to increase homeownership and economic stability to low- and moderate-income families and individuals in Ventura, Santa Barbara, Kern, and Los Angeles Counties. This is the largest support received to-date by Bank of America Charitable Foundation, which underscores VCCDC service and outreach to an underserved market.
“Bank of America’s grant helps ensure our programs and services are available throughout our diverse communities,” said Bertha Garcia, VCCDC’s Executive Director. “Our financial education and counseling are vital to helping families achieve empowerment through homeownership and home preservation, enhancing our region’s economic success. VCCDC’s mission of serving low-to-moderate income families is made stronger by Bank of America’s commitment, and in doing so, helps us leverage additional resources for our clients”, she added.
“Homeownership remains the most important wealth-builder for generations of hard-working families. VCCDC provides not just valuable lending products, but just as importantly a strong foundation of homebuyer education and credit counseling that makes homeownership financially attainable and sustainable. We’re very pleased to provide our largest amount of grant support yet to this vital organization,” said Midge Campbell Thomas, Bank of America president for Ventura and Santa Barbara.
“We are grateful for the overwhelming support received from Bank of American in order to continue investing in our communities through individuals and families, one home at a time,” Garcia added.
ABOUT VCCDC: The Ventura County Community Development Corporation (VCCDC) is a non-profit 501(c)(3) that has worked to fulfill its mission of empowering families through education and homeownership. Since its inception in 2001, VCCDC has originated over $180M in mortgage loans; provided more than $17M in down payment assistance; provided education and one-on -one coaching to over 18,000 families and individuals; and invested more than $32M in community revitalization through its Acquisition and Rehab program. These and other achievements have contributed to improved economic conditions throughout the communities VCCDC serves. VCCDC is a certified Community Development Financial Institution (CDFI) and a housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD). VCCDC is comprised of certified and licensed professionals with deep, personal desires to make the world a better place to live. From educational services, including workshops and one-on-one coaching, to lending and realty support, including down payment assistance, VCCDC ensures clients are supported from start to finish of the homebuying process. VCCDC serves clients in Ventura, Santa Barbara, Kern, and Los Angeles Counties. www.vccdc.org
Sylvia Muñoz Schnopp, Director of Fund Development
(805) 340-0057/ [email protected]