FinancingAbout Us
VRA provides cost-effective financial solutions to local governments and other public bodies for projects that improve the quality of life of Virginians. Created by the General Assembly in 1984, VRA supports community investments in the following areas:
- Public Safety
- Transportation
- Wastewater
- Flood Prevention & Dam Safety
- Solid Waste
- Water
- Federal Facility Development
- Brownfield Remediation and Redevelopment
- Airports
- Land Conservation & Preservation
- Wireless Broadband
Since its inception, VRA has funded more than 750 critical projects across the Commonwealth exceeding $3.1 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.
Annual Reports
FY2007 Annual Report (.pdf 3.57MB)
FY2006 Annual Report (.pdf 7.92MB)
FY2005 Annual Report (.pdf 5.11MB)
