Hampton Roads Ventures
- Company typePrivate
- Founded2003
- HeadquartersNorfolk, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Hampton Roads Ventures does
Hampton Roads Ventures, LLC (HRV) is a Community Development Entity (CDE) founded in 2003 and headquartered in Norfolk, Virginia, operating as a for-profit subsidiary of the Norfolk Redevelopment and Housing Authority (NRHA). The firm leverages New Markets Tax Credit (NMTC) allocations from the U.S. Department of the Treasury's Community Development Financial Institutions Fund to provide below-market financing for projects in low-income and severely distressed communities. Across 11 allocation rounds since 2002, HRV has secured approximately $480 million in NMTC allocations and deployed over $470 million into 40+ projects spanning food access (grocery stores and food banks in food deserts), healthcare (community health centers, hospitals, skilled nursing facilities), job creation (manufacturing and industrial expansions), and community revitalization (historic preservation, workforce housing, cultural facilities).
Hampton Roads Ventures firmographics
Firmographics- Name
- Hampton Roads Ventures
- Legal name
- Hampton Roads Ventures, LLC
- Website
- https://www.hamptonroadsventures.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Hampton Roads Ventures industry classification
Industry- Product category
- Community Development Finance
- NAICS
- Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Real Estate (6500)
- akta.pro primary industry
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)
Keywords
Where Hampton Roads Ventures is headquartered
LocationHeadquarters
- HQ city
- Norfolk
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Hampton Roads Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- NMTC Financing Operations: HRV operates as a Community Development Entity (CDE) that leverages New Markets Tax Credit allocations to attract private investment into low-income communities. The organization makes loans to businesses in low-income communities at below-market rates, generating returns through interest income and investment gains on their NMTC-financed portfolio.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Hampton Roads Ventures product offering
Product offeringCore offering
Hampton Roads Ventures (HRV) operates as a Community Development Entity (CDE) that deploys New Markets Tax Credit (NMTC) allocations from the U.S. Department of Treasury to finance projects in low-income communities. The firm originates, underwrites, and closes NMTC-qualified loans to for-profit businesses, healthcare providers, food retailers, and non-profit organizations across the United States. HRV's portfolio focuses on job creation, food access, healthcare expansion, and community revitalization projects in severely distressed areas.
Product overview
Hampton Roads Ventures (HRV) is a community development investment firm and Community Development Entity (CDE) that operates as a single, integrated service offering: the New Markets Tax Credit (NMTC) Investment Program. Founded in 2003, HRV leverages NMTC funding allocations from the CDFI Fund to attract private investment into severely distressed communities. The firm's investment thesis focuses on four interconnected areas: Job Creation (manufacturing, industrial businesses), Food Access (grocery stores, food banks in food deserts), Healthcare & Wellness (hospitals, clinics, skilled nursing), and Community Revitalization (historic preservation, cultural facilities, workforce housing). HRV does not offer a modular software platform but rather direct financing services through a portfolio of closed NMTC transactions across multiple states.
Differentiator
Problem solved
Functional benefit
Products and services
- New Markets Tax Credit (NMTC) Investment Program Hampton Roads Ventures operates as a Community Development Entity (CDE) that deploys New Markets Tax Credit allocations to finance projects in low-income communities, attracting private investment to create jobs, improve food access, and expand healthcare services in severely distressed areas.
- Job Creation Financing HRV provides NMTC financing to manufacturing and industrial businesses that generate quality jobs for low-income residents, providing stable employment that strengthens communities. Investments include facilities such as Premium Peanut, Woodgrain Lumber, and Design Team Sign Company.
- Food Access Investment HRV invests in projects that bring affordable and nutritious food to underserved communities, combating food insecurity. Portfolio includes grocery stores, food banks, and markets in food deserts such as Oasis Fresh Market, Rouses Market, and County Market.
- Healthcare & Wellness Financing HRV funds healthcare initiatives that improve access to essential services in medically underserved areas, including hospitals, community health centers, skilled nursing facilities, and cancer treatment centers. Investments include CommCare Skilled Nursing, Jefferson Community Health Center, and Winston Medical Center.
- Community Revitalization Projects HRV catalyzes additional private sector investment through adaptive reuse of historic buildings, cultural facilities, and mixed-use developments. Projects include theaters, culinary schools, senior living facilities, and workforce housing such as Howard Theatre and The Attucks Theatre.
Quantifiable outcome
- 40 projects invested creating approximately 2,000 permanent full-time jobs
- +2 more outcomes
Companies that use Hampton Roads Ventures
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
Hampton Roads Ventures technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hampton Roads Ventures partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Norfolk Redevelopment and Housing AuthoritycoreHRV is a for-profit subsidiary of the Norfolk Redevelopment and Housing Authority (NRHA). The organization works closely with local leaders and community stakeholders to identify transformative initiatives.
- Norfolk State UniversityminorHRV donated $250,000 to Norfolk State University's Athletics Department in February 2025, recognized at a special event attended by university leadership and Norfolk city officials.
- Hampton Roads AlliancecoreHampton Roads Alliance works with HRV on regional economic development initiatives. HRV's board is connected to NRHA through this relationship.
- Feeding AmericacoreSecond Harvest of the Big Bend is an affiliate of the nationwide Feeding America food bank network, serving 16 counties in the Florida Panhandle.
Scale indicators6 records
Recent moves7 records
Expansion highlights4 records
Hampton Roads Ventures competitors and assessment
Company assessmentDirect peers
- Truist Community Capital: The community development financing arm of Truist Financial, a repeat HRV co-investor. Operates as a CDE deploying NMTC and other tax credit capital into low-income communities, directly comparable in deal structure, target market, and investor base.
- Capital One Community Capital: Capital One's CDFI-affiliated community development entity. Has served as federal NMTC investor on multiple HRV deals including Vulcan Aluminum. Directly comparable as a bank-affiliated CDE deploying capital to community development projects.
- Texas Mezzanine Fund: A statewide Community Development Financial Institution (CDFI) that partnered with HRV on the Genesis Women's Shelter deal. Operates a similar model of below-market, structured financing for community-impact projects in distressed areas.
- Appalachian Community Capital: A wholesale development financial intermediary serving the Appalachian Region; HRV is an accepted member. Highly comparable mission (rural community development) and structure (multi-CDE collaboration platform).
- PB Community Impact Fund: CDE that co-invested with HRV on the Rouses Market deal in Picayune, MS. Operates a similar NMTC deployment model targeting food access and community facilities in low-income geographies.
- National Development Council: A national nonprofit CDFI providing financing and development services to underserved communities. Operates a comparable model of below-market, structured community development lending with federal tax credit allocation experience.
- Reinvestment Fund: A national CDFI that deploys NMTC, New Markets, and other place-based capital into food access, healthcare, and community facility projects in low-income areas. Highly comparable deal mix to HRV.
- Capital Impact Partners: A national CDFI deploying NMTC and community development capital to underserved communities, with overlap in healthcare, food access, and workforce housing. Operates as a direct peer CDE in the federal tax credit ecosystem.
Broad incumbents
- Local Initiatives Support Corporation (LISC): One of the largest national CDFIs deploying NMTC and other place-based capital across hundreds of communities. Operates a much broader portfolio than HRV but shares the same core mission and federal tax credit programs.
- Enterprise Community Partners: A major national community development financial institution and CDE. While significantly larger than HRV and with a broader programmatic footprint, it directly competes for NMTC allocations and deploys capital to similar affordable housing and community facility projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Hampton Roads Ventures social profiles
Digital presenceHampton Roads Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hampton Roads Ventures leadership team
Management profileNumber of profiles
Profiles14 records
Hampton Roads Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hampton Roads Ventures M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hampton Roads Ventures
What does Hampton Roads Ventures do?
Hampton Roads Ventures (HRV) operates as a Community Development Entity (CDE) that deploys New Markets Tax Credit (NMTC) allocations from the U.S. Department of Treasury to finance projects in low-income communities. The firm originates, underwrites, and closes NMTC-qualified loans to for-profit businesses, healthcare providers, food retailers, and non-profit organizations across the United States. HRV's portfolio focuses on job creation, food access, healthcare expansion, and community revitalization projects in severely distressed areas.
Is Hampton Roads Ventures a public or private company?
Hampton Roads Ventures is a private company. It is classified as state government owned and is currently operating.
When was Hampton Roads Ventures founded?
Hampton Roads Ventures was founded in 2003. It employs 1 to 10 people.
Where is Hampton Roads Ventures based?
Hampton Roads Ventures is headquartered in Norfolk, United States, in the North America region.
How does Hampton Roads Ventures make money?
One revenue line is on record: NMTC Financing Operations.
Who are Hampton Roads Ventures's main competitors?
Direct peers on record are Truist Community Capital, Capital One Community Capital, Texas Mezzanine Fund, Appalachian Community Capital, PB Community Impact Fund, National Development Council, Reinvestment Fund and Capital Impact Partners. Broad incumbents are Local Initiatives Support Corporation (LISC) and Enterprise Community Partners.
Does Hampton Roads Ventures have an API?
No public API is recorded for Hampton Roads Ventures.
What industry is Hampton Roads Ventures in?
Hampton Roads Ventures's product category is Community Development Finance. Its primary akta.pro industry code is FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 52599 and its SIC code is 6500.