Strategic Summary

Mission

VRA provides cost-effective financial solutions to local governments and other public bodies for projects that improve the quality of life for Virginians.

Vision

Our Vision is to be the choice provider of financing for public projects for Virginia communities.
 

Values

• Customer Service
  We recognize that customer service is our highest priority. Towards that end, we are professional, honest, compassionate, courteous, and accountable.
  
  
• Collaboration
  We work together with state agency partners and local governments to custom-design financing solutions to meet local needs and state objectives.
  
  
• Consistency
  We give the same attention to all of our customers, large or small, and aim to support social equity among all Virginia communities.
  
  
• Commitment
  We are dedicated to crafting financing solutions to meet the growing needs of Virginia’s communities.
  
  
• Creativity
  We thrive on innovation and our ability to provide our customers and the citizens of Virginia with custom-tailored, cost-effective products that meet their financing needs.

 

Agency Partners

Partner	Program
Department of Aviation	Airports Revolving Fund
Department of Conservation and Recreation	Dam Safety and Flood Prevention Fund
Department of Environmental Quality	Clean Water Revolving Loan Fund
Department of Health	Drinking Water State Revolving Fund

 

Making a Difference in Virginia

• VRA invested over $378 million in 51 communities across Virginia in FY2007
• VRA has supported over $3.1 billion of investment in Virginia’s communities since 1984
• VRA has funded more than 750 projects across the Commonwealth since inception
  
  

Major Initiative and Priorities

• Chesapeake Bay Cleanup
  
• Public Safety and Interoperability
• Local Roads and Public Transportation
• Land Conservation & Preservation
  
• Dam Safety and Flood Prevention
• Brownfields Cleanup
• Federal Facility Development
• Wireless Broadband Deployment

Goals

1. Support local community and economic development initiatives by emphasizing value-added programs that maximize economic impact and community benefit.
2. Strengthen and expand state partnerships.
3. Refine financial programs to meet customer needs and increase the economic impact and community benefit of VRA projects to local and state economies.
4. Strengthen and sustain VRA’s ability to provide affordable financing options.