VRA, working with its state agency partners, stakeholders, and local governments, provides cost-effective, responsible, and innovative financial solutions for borrowers to support vibrant and resilient communities. Since it was created by the General Assembly in 1984, VRA has funded more than 3,500 critical projects across the Commonwealth exceeding $12 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.