Projects
Lunenburg County Modernizes its 911 Radio System
At more than 20 years old, Lunenburg County’s current radio system is outdated and has limited operability, requiring a full-scale system replacement.
Town of Strasburg Borrows to Improve Access to Business Park
The Town of Strasburg has secured financing from VRA for a new project involving the replacement of water lines, and an expansion of a road that will increase ease of access to the Northern Shenandoah Business Park. The Town pledged its General Obligation, or full faith and credit, to borrow $2.39 million through the Virginia Pooled Financing Program to be repaid over 20 years.
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.
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 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.
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.
Project Highlight: Town of Marion
The Town of Marion owns and operates a 3.4 million gallons per day treatment plant called the Mountain Empire Regional Wastewater Facility. Through this facility, the Town provides sewer service to its 3,580 residential, industrial and commercial customers.
VPFP Project Highlights
Community Services Board: Harrisonburg/Rockingham
More VPFP Project Highlights
Explore Park - Roanoke County
Virginia Railway Express
The Virginia Railway Express (VRE) is a convenient and affordable transportation solution for many commuters in Northern Virginia. VRE is jointly owned by the Northern Virginia Transportation District Commission (NVTC) and the Potomac and Rappahannock Transportation District Commission. In a part of the state that faces frequent traffic congestion, VRE provides a safe and comfortable way for residents along the I-66 and I-95 corridors to reach employment centers in Northern Virginia and Washington, D.C.
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