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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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