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.
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.
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.
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.
The Halifax County Courthouse occupies a special place in Virginia history. This architectural treasure is listed on both the VA Landmarks Register and the National Register of Historic Places. The Courthouse was designed by Dabney Cosby, an acolyte of Thomas Jefferson who helped construct the University of Virginia. As such, the building contains many of the iconic neo-classical design elements associated with our third President.
Chesterfield County borrowed $9.86 million from the 2017C Virginia Pooled Financing Program (VPFP) to partially fund three key projects that will benefit County residents for years to come. The three projects include significant enhancements to the River City Sportsplex athletic facility, a new Chesterfield Center for the Arts and an HVAC replacement project.
2017 has brought many changes for people across the nation and the Commonwealth. Such change is being seen in the City of Lynchburg, as the City is beginning to implement a new stormwater management program that helps keep the surrounding watersheds and ecosystems in Lynchburg clean, as well as save the City money overall.
The Middle Peninsula Planning District Commission (MPPDC) knew that local residents were facing grave problems with repairing failing septic systems. The Commission turned to the Clean Water Revolving Loan Fund (CWRLF) for a solution to this pressing problem. The MPPDC secured a $200,000 loan from the CWRLF to support the Regional On-site Wastewater Treatment and Disposal Funding Program. This Program was established in 1997 to improve water quality and address public health concerns in the York, Rappahannock and Lower Small Coastal Watersheds. This Program also supports the Commonwealth's Chesapeake Bay Watershed Implementation Plan.
Congratulations to VRA Board Vice-Chair Rhu Harris on Being Named a Richmond Times-Dispatch Person of the Year!
December 23, 2020
December 23, 2020