News & Announcements
VRA Earns GFOA Award
For the 13th consecutive year, VRA has earned the prestigious ‘Certificate of Achievement for Excellence in Financial Reporting’ award from the Government Finance Officers Association of the United States and Canada (GFOA). This award is for VRA’s comprehensive annual financial report for the fiscal year that ended June 30, 2020. For the 13th consecutive year, VRA has earned the prestigious ‘Certificate of Achievement for Excellence in Financial Reporting’ award from the Government Finance Officers Association o... Read More >
Orange County Expands Broadband Network
In 2016, the Orange County Board of Supervisors adopted a resolution authorizing the creation of the Orange County Broadband Authority (OCBA). As a rural county, reliable broadband service is largely absent in Orange.In 2016, the Orange County Board of Supervisors adopted a resolution authorizing the creation of the Orange County Broadband Authority (OCBA). As a rural county, reliable broadband service is large... Read More >
2021 Resilient Virginia Conference
VRA finances a variety of infrastructure project types that support community resiliency and is excited to be a sponsor of the 2021 Resilient Virginia Conference. The conference will take place virtually August 25-27, 2021. VRA finances a variety of infrastructure project types that support community resiliency and is excited to be a sponsor of the 2021 Resilient Virginia Conference. The conference will take place vir... Read More >
Community Flood Preparedness Fund Accepting Grant Applications
The Virginia Community Flood Preparedness Fund (CFPF) was established to provide support for regions and localities across Virginia to reduce the impacts of flooding. VRA will assist the Virginia Department of Conservation and Recreation (DCR) by providing financial management services in connection with the CFPF. DCR will prioritize projects for CFPF financing.The Virginia Community Flood Preparedness Fund (CFPF) was established to provide support for regions and localities across Virginia to reduce the impacts of flooding. VRA will assist the Virginia D... Read More >
VRA Closes the Single Largest Loan in the Clean Water Revolving Loan Fund and VRA's History to Alexandria Renew Enterprises
VRA was proud to assist with a $185,650,000 loan to Alexandria Renew Enterprises (AlexRenew) to invest in healthier waterways for Alexandria.VRA was proud to assist with a $185,650,000 loan to Alexandria Renew Enterprises (AlexRenew) to invest in healthier waterways for Alexandria. Read More >
The Value of Regional Cooperation
Collaboration is at the core of VRA’s mission. Since 1984, VRA’s team of finance professionals has been supporting and promoting partnerships and regional collaborations between local governments aimed at meeting the critical infrastructure needs of Virginia residents and businesses.Collaboration is at the core of VRA’s mission. Since 1984, VRA’s team of finance professionals has been supporting and promoting partnerships and regional collaborations between local g... Read More >
EPA Recognizes Excellence and Innovation in Two Virginia Projects
The U.S. Environmental Protection Agency (EPA) annually presents its prestigious AQUARIUS and PISCES awards. Both awards provide national recognition to projects funded by the Drinking Water State Revolving Fund (DWSRF) and Clean Water Revolving Loan Fund (CWRLF). Two Virginia projects were recipients of these awards during a virtual Council of Infrastructure Financing Authorities event held December 14, 2020.The U.S. Environmental Protection Agency (EPA) annually presents its prestigious AQUARIUS and PISCES awards. Both awards provide national recognition to projects funded by the Drinking Water State ... Read More >
VRA Helps Locality Fund Energy Efficiency Upgrades - VPFP Project Spotlight
Local governments across the Commonwealth depend on the Virginia Pooled Financing Program (VPFP) to help finance key infrastructure improvements that serve residents and local businesses.Local governments across the Commonwealth depend on the Virginia Pooled Financing Program (VPFP) to help finance key infrastructure improvements that serve residents and local businesses. Read More >
Expanding the Impact of the Clean Water and Drinking Water Programs through Inaugural Joint Bond Issuance
Together with state agency partners, VRA plays an important role in helping keep Virginians safe and healthy. This mission is even more important as the Commonwealth faces the many challenges associated with the COVID-19 pandemic. VRA, in partnership with the Virginia Department of Environmental Quality (DEQ) and Virginia Department of Health (VDH), serves as the financial administrator of the Clean Water Revolving Loan Fund (CWRLF) and Drinking Water State Revolving Fund (DWSRF). Both of these funds have a daily impact on improving the quality of life in communities across Virginia.Together with state agency partners, VRA plays an important role in helping keep Virginians safe and healthy. This mission is even more important as the Commonwealth faces the many challenges assoc... Read More >
Goochland County Achieves Nearly $8.5 Million of Savings through Refunding Bond Issuance
In 2002, VRA issued bonds on behalf of Goochland County to finance utility system improvements in the County’s Tuckahoe Creek Service District (TCSD). TCSD is best known for the West Creek development that has flourished on the eastern end of the County. In 2012, the County was assisted again by VRA with the restructuring of the 2002 debt that was designed to provide Goochland with a debt service schedule and loan terms better suited to Goochland's long-term needs. In 2020, the County again partnered with VRA to capture debt service savings through the refunding of the 2012 bonds.In 2002, VRA issued bonds on behalf of Goochland County to finance utility system improvements in the County’s Tuckahoe Creek Service District (TCSD). TCSD is best known for the West Creek de... Read More >
Important Dates
VRA Committee Meetings
07
Mar
12:00 PM
5:00 PM
5:00 PM
VRA Committee Meetings
1111 E. Main St., Ste. 1920, Richmond, VA, 23219
Board of Directors Meeting
08
Mar
9:00 AM
11:00 AM
11:00 AM
Board of Directors Meeting
1111 E. Main St., Ste. 1920, Richmond, VA, 23219
VRA Committee Meetings
13
Jun
12:00 PM
5:00 PM
5:00 PM
VRA Committee Meetings
1111 E. Main St., Ste. 1920, Richmond, VA, 23219
Board of Director Meeting
14
Jun
9:00 AM
11:00 PM
11:00 PM
Board of Director Meeting
1111 E. Main St., Ste. 1920, Richmond, VA, 23219
VRA Committee Meetings
12
Sep
12:00 PM
5:00 PM
5:00 PM
VRA Committee Meetings
1111 E. Main St., Ste. 1920, Richmond, VA
Featured Project
Energy Cogeneration ProjectProject Area: Energy Borrower: Frederick Winchester Service Authority
Construction of County Government ComplexProject Area: Local Government Buildings Borrower: Buckingham County
13-Field Athletic ComplexProject Area: Parks & Recreation Borrower: York County
Investment in the Wallops Research Park on Virginia's Eastern ShoreProject Area: Energy Borrower: Accomack County
Renovations to County-owned Senior Citizen CenterProject Area: Local Government Buildings Borrower: Fairfax County
53 Urban Transit BusesProject Area: Transportation Borrower: Hampton Roads Transit
Construction of New Courthouse FacilityProject Area: Local Government Buildings Borrower: Hanover County
Land Conservation in Virginia BeachProject Area: Land Conservation & Preservation Borrower: Virginia Beach, City of
Dominion Boulevard US Route 17 ProjectProject Area: Transportation Borrower: Chesapeake, City of
10-unit T-hangar DevelopmentProject Area: Airports Borrower: Virginia Highlands Airport Authority
Water Treatment Plant Upgrades and Water and Sewer Main ReplacementsProject Area: Water Borrower: Winchester, City of
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