VRA Borrower Impact Analysis
Coronavirus Aid, Relief and Economic Security Act (CARES Act)
VRA's Role in Helping Local Governments
VRA understands that the COVID-19 crisis will result in fiscal distress for many Virginia localities. VRA is committed to working with localities to provide relief under certain non-payment compliance provisions that may be of assistance to borrowers. Additionally, in certain cases, VRA may be able to assist with loan restructurings (as part of a subsequent VPFP bond issuance) that may provide cash flow structuring solutions. Please contact a VRA staff member if you would like to discuss your locality's specific concerns.
A Message from Stephanie Hamlett, Executive Director
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