Projects
HRSD Breaks Ground on First Full-Scale SWIFT Facility
On July 21, 2022, Hampton Roads Sanitation District (HRSD) Commissioners and staff gathered with state and local representatives at the HRSD James River Treatment Plant in Newport News to break ground on the first full-scale Sustainable Water Initiative for Tomorrow (SWIFT) facility.
York County Finances Library Expansion, Law Enforcement Building, and Fire Truck Acquisition
York County borrowed $32.2 million from the spring 2022 Virginia Pooled Financing Program issuance pool for several capital projects. The County secured the 20-year loan with a lease revenue pledge. Theresa Owens, York County Director of Finance, had this to say about the financing: “It is great to work with VRA again. They always make the financing process seamless while securing very competitive rates. This was especially important considering these are some of the largest projects we’ve done in the past few years.”
Western Virginia Water Authority Borrows from Clean Water Revolving Loan Fund for Innovative Biogas Project
The Western Virginia Water Authority (Authority) and Roanoke Gas Company (Roanoke Gas) have entered into a cooperative agreement to produce commercial quality renewable natural gas, or RNG, from biogas produced at the Roanoke Regional Water Pollution Control Plant (WPC Plant). This RNG product, the first of its kind in the Commonwealth, will necessitate construction of a digester gas conditioning system and interconnect facility at the WPC Plant. Representatives from the Authority, Roanoke Gas and the community broke ground on this phase of the project on May 17, 2022.
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At more than 20 years old, Lunenburg County’s current radio system is outdated and has limited operability, requiring a full-scale system replacement.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.
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