Va. Community Capital president, CEO to retire this year

Richmond-based nonprofit Virginia Community Capital (VCC) announced last week that President and CEO Jane Henderson will retire this year after four decades in the banking industry. 

Henderson has led VCC, a community development financial institution, since its 2006 inception. She has spent 29 years in community development finance.

VCC has not yet released a specific retirement date for Henderson.

During Henderson’s tenure, VCC has leveraged a $15 million state investment into nearly $800 million in public and private investments focused on community development and affordable housing. The organization has created almost 8,000 jobs and financed nearly 1,000 projects, including construction of the William Byrd Senior Apartments in Richmond.

“In my experience, when innovative, compassionate people focus on blending capital from different sources to create positive impacts instead of only profits, neighborhoods and economies can change and grow,” Henderson said in a statement. “Disinvested communities experiencing blight and poverty have newfound access to homeownership opportunities and economic prosperity.”

Henderson is a graduate of Gettysburg College and St. Joseph’s University and served as the director of community development at Wachovia and as chair of the Federal Reserve Bank of Richmond’s advisory board for eight years.

VCC will use recruiting firm Phillips Oppenheim to begin a nationwide search for a new leader, which the organization anticipates will take four to six months.

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