The mission of Village Capital Corporation (VCC) is to build and to strengthen underserved neighborhood markets by providing capital and financial packaging services to strategic real estate projects that improve Cleveland’s neighborhoods and attract private investment to the city. VCC was launched in 1991 as a subsidiary of Neighborhood Progress, Inc., a nonprofit created to build stronger neighborhoods by channeling funds from Cleveland’s philanthropic and corporate community to local community development organizations. Its products and services include loans for nonprofit and for-profit real estate developers, including predevelopment, acquisition, construction, and bridge financing. Within this niche it invests in many different types of properties, including residential, retail, commercial, industrial, and community facilities. Over the past five years, VCC has leveraged more than 19 private and public dollars for each dollar it has invested.