Created by the General Assembly in 1984, VRA supports community investments in the following areas: water, wastewater, local government buildings, public safety, transportation, energy, parks & recreation, solid waste, airports, brownfield remediation & redevelopment, federal facility development, flood prevention & dam safety, land conservation & preservation, broadband, site acquisition & development for economic & community development, administrative & operations systems, defective drywall correction & restoration, and oyster restoration.
Since its inception, VRA has funded more than 1,000 critical projects across the Commonwealth exceeding $7 billion of investment in Virginia’s communities. Financing solutions draw on VRA’s creativity and unique ability to provide revolving fund loans to localities at below-market interest rates and to issue bonds backed by the moral obligation of the Commonwealth. The VRA staff offers extensive experience and expertise in a variety of financings and provides ongoing assistance to localities in connection with their public projects.
This ability to maximize value for local communities with cost-effective and innovative financing options has made VRA the choice provider of infrastructure financing for Virginia communities.
