Economic Prosperity

The Community Foundation supports a variety of evidence-based programs designed to increase economic prosperity in the region, including safe and affordable housing, effective workforce development and financial literacy programs.

Underscoring the importance of these services is the continued cycle of inter-generational poverty in Richmond and other under-served communities across the region. As a result, these residents are at greater risk of homelessness, incarceration and emergency medical needs.

Our priority is to support systems and initiatives that empower individuals and families to secure stable housing, build skills and seek resources that help them achieve good health, successful educational outcomes and economic potential.

Our goals:

  • Residents have opportunities to access and maintain safe and affordable housing in thriving, sustainable communities.
  • Residents are able to build the knowledge, skills and resources they need to attain financial independence and pursue career opportunities.

Housing Opportunities Made EqualHousing Opportunities Made Equal

Recent Grants

Summer 2016

Children's Home Society of Virginia
$14,500 to support the purchase of a van for the Possibilities Project.

Children's Home Society of Virginia SisterFund
$20,000 to support the Possibilities Project, a collaboration with Better Housing Coalition to provide trauma-informed supports including access to education, safe housing and life coaching for young women aging out of the foster care system.

Initiatives of Change
$25,000 to support The Center for Community Trustbuilding, which offers a suite of programs led by nationally recognized facilitators, practitioners, community activists and scholars with the purpose of promoting trust and facilitating dialogue that lead to racial reconciliation.

James River Association
$25,000 to implement recreational access, river-based business development, and tourism recommendations of the Regional Rivers Plan. 

Local Initiatives Support Corporation - Virginia Office
$50,000 to support neighborhood revitalization activities in Richmond's Northside, including the Financial Opportunity Center, a community safety initiative and a corridor revitalization strategy. 

Neighborhood Resource Center
$20,000 to hire a consultant to facilitate both an organizational assessment and strategic planning process to update NRC's three-year strategic plan. 

Partnership for Housing Affordability
$50,000 to the support the formation of the Maggie Walker Community Land Trust, including contractors to assist with community engagement and administration, community meetings and materials, and land acquisition and holding fees. 

St. Joseph's Villa
$60,000 to support continued provision of rapid rehousing services in Richmond and the Tri-Cities, placing households in permanent housing with time-limited financial assistance and stabilization services. 

Winter 2016

Bellwether Education Partners
$20,000 To support Richmond Public Schools budget analysis.

$50,000 to support the Shelter and Case Management Program.

Greater Richmond Chamber Foundation
$40,000 to support the Capital Region Collaborative Community Dashboard that measures and compares our region's progress in eight priority areas. 

HandsOn Greater Richmond
$32,883 to support the facilitation of local volunteer opportunities throughout the region, including youth programming.

Housing Opportunities Made Equal of Virginia
$100,000 to support Home Ownership Counseling, as well as strategic planning and professional development for staff.

Neighborhood Resource Center
$40,000 to provide general operating support.

Preservation Virginia Pauley
$25,000 To support the Lych Gate Rehabilitation Project.

Richmond Metropolitan Habitat for Humanity


$50,000 to empower local families to succeed through financial and homeownership education, mentoring and affordable homeownership.

Virginia Supportive Housing
$65,000 to expand the availability of permanent supportive housing for low-income and homeless individuals and provide case management for those who are medically vulnerable.

VCU Foundation
$40,000 to support the Metro View system in two research projects: one to analyze the current balance between housing and jobs in specific employment centers in the region; and the second to track data on neighborhoods with mixed incomes and housing types.

See Our Impact

Upon learning Virginia is 50th in the nation for the rate at which youth age out of foster care, we could not stand by without doing something. Learn how our support of The Possibilities Project is helping transform the lives of these vulnerable youth.

Creating Lasting Impact

Link on the icons below to learn how TCF is advancing change in these other focus areas.