Underwriting Criteria
VRA Underwriting Criteria
VRA has a robust set of underwriting criteria that provides the foundation for the credit approval process and ensures our underwriting practices closely align with our Strategic Plan. These criteria are periodically reviewed for potential updates or improvements that are relevant to recent credit trends. All underwriting criteria are reviewed and adopted by the VRA Board of Directors.
| Criteria Name | Last Revision | Document Link |
|---|---|---|
| Revenue Credit Criteria | 9/12/2023 | Download PDF |
| Regional Authority Criteria | 6/13/2023 | Download PDF |
| Lease Transaction Criteria | 3/21/2023 | Download PDF |
| Parity Bond Criteria | 12/12/2023 | Download PDF |
| Restructuring Criteria | 9/12/2023 | Download PDF |
| Regional Jail Criteria | 6/13/2023 | Download PDF |
| Subordinate Debt Criteria | 12/12/2023 | Download PDF |
| Tax Supported Debt Evaluation Criteria | 9/12/2023 | Download PDF |
| Appropriation-Only-Backed Criteria | 3/21/2023 | Download PDF |
| Affordable and Workforce Housing Criteria | 12/12/2023 | Download PDF |