2025 Impact Report Transformation Through Partnership
As Locus approaches its 20-year milestone, this year’s Impact Report reflects both progress and purpose. What started with $15 million in assets has grown to more than $600 million today, powered by partnerships grounded in trust and community voice.
In 2025, we continued to advance affordable housing, energy affordability, and place-based investing while navigating a complex environment. With renewed tools like New Markets Tax Credits and innovative credit enhancement programs, we are building momentum for what comes next as we continue to lead, adapt, and invest in stronger, more resilient communities together.
Read the full message from Pravina Raghavan, our CEO.
Our History
A Tradition of Partnership & Innovation
When Locus was founded in 2006, our team set out with a bold vision for the future of community focused financing in Virginia. Over the next two decades, that vision grew into more than $5 billion in nationwide impact, achieved alongside collaborators who share our commitment to mission‑driven innovation. Our belief in the power of transformative partnership isn’t new; it’s guided us from the beginning.
2006 Founded as a statewide CDFI
Virginia Community Capital is created with a $15 million state backed investment to expand access to capital in underserved communities.
2008 Community development bank launched
The Community Capital Bank of Virginia opens during the financial crisis with a sole focus on community development, later becoming VCC Bank and then Locus Bank.
2012 Bank becomes certified B Corp
The bank is certified as a B Corp, becoming one of the first B Corp banks in the Country, demonstrating a commitment to meeting rigorous social and environmental standards.
2017 LOCUS Impact Investing launched
Acquires the Center for Rural Entrepreneurship and creates LOCUS Impact Investing to expand impact investing strategies for place based foundations.
2019 Community Investment Guarantee Pool launched
Introduces the Community Investment Guarantee Pool (CIGP) a groundbreaking model for unfunded philanthropic guarantees to advance community development finance.
2023 Rebranded as Locus
The organization is rebranded as Locus to become one unified community development finance entity.
2026 20 Years of Impact
What began as a $15 million state investment has grown into more than $5 billion in capital catalyzed across communities nationwide, transforming places through innovative financing and enduring partnerships.
About Locus
Built for Innovation, Grounded in Mission
Locus is home to both a CDFI bank and a CDFI loan fund, combining the discipline of a regulated financial institution with the flexibility of a mission-driven lender. This structure allows us to design and deploy financing solutions tailored to complex community challenges.
Through lending, credit enhancements, and ecosystem coordination, we align partners and capital to build sector and community capacity, driving sustainable investment in community prosperity and strong economies.
Lending
Flexible, hands-on financing for mission-aligned projects that advance sustainable community growth.
Credit Enhancement
Tools that mitigate risk for lenders and unlock private and public investment in underserved areas.
Ecosystem Coordination
Guidance and capacity-building that aligns community partners to address investment challenges.
Our Impact
Investing Across the Community Ecosystem
Locus invests in the sectors that matter most to thriving communities. From housing to energy, community services, and food and farm businesses, our capital and support helps create stable homes, resilient businesses, and stronger local economies.
$1.4B
Capital Deployed direct loans, all time
$3.2B
Capital Leveraged additional project
costs supported
$480M+
Capital Unlocked expected through credit enhancement funds
$5B+
Capital Catalyzed since our founding in 2006
Housing
We invest in housing and community spaces because stable, affordable places to live and work are the foundation of economic mobility. We finance the development, preservation, and rehabilitation of affordable homes and mixed-use projects that strengthen neighborhoods.
homes made possible
invested in housing in 2025
Energy
Reliable, affordable energy is essential for strong communities. We finance solar, electrification, geothermal, and efficiency upgrades that lower energy burdens, improve building performance, and strengthen long‑term resilience for residents and local businesses.
solar energy capacity financed
invested in solar in 2025
Community Health
Community well‑being depends on accessible services and welcoming spaces. We finance community resources and facilities that deliver critical services and ensure healthy lives for people and places, including childcare centers, health clinics, community centers, and nonprofit organizations.
community facilities financed
community health project costs supported in 2025
Food Systems
Strong food systems support local economies and ensure communities have access to fresh, reliable food. We strengthen local and regional food systems through financing and technical assistance that builds capacity, creates shared infrastructure, reduces bottlenecks, and unlocks new opportunities for farmers and food businesses
food and farm businesses supported
grocery stores financed in food deserts in 2025
Credit Enhancement
Credit enhancement funds allow us to go beyond direct lending by bringing additional capital to the table, mitigating risk for other lenders, and helping transformative projects across housing, small business, and community development become financeable.
guarantees deployed
capital unlocked to date
Financial Snapshot
Strength and Stability for Long-Term Impact
A strong financial foundation allows Locus to invest and reinvest in communities for the long term. Our consistent performance ensures we remain a trusted steward of capital.
-
$50M
net income
over 20 years -
751%
net asset growth over 20 years
-
61%
portfolio growth last 5 years
-
$600M
total assets under management
Looking Ahead
Shaping What Comes Next
We’re working alongside our many partners to imagine the next 20 years of impact. Our focus includes deepening our work in sectors and places, co-creating and deploying catalytic financing tools, and advancing the industry through thought leadership and advocacy.
Get Involved
Making An Investment
In Your Mission
Locus brings together impact investors, partners, and communities to move capital where it’s needed most. Through partnership, we turn investment into lasting community impact.
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