-
Virginia Community Flood Preparedness Fund Grant Application
The Virginia Community Flood Preparedness Fund (CFPF) was established in the Code of Virginia pursuant to Chapter 13, Title 10.1, Article 4, Section 10.1-603.24 and Section 10.1-603-25 and the provisions of § 10.1-1330 during the 2020 session of the General Assembly. The fund was established to provide support for regions and localities across Virginia to…
-
VRA Nationally Certified for Investment Best Practices
On March 14, the Government Investment Officers Association (GIOA) recognized governmental entities whose investment policies uphold industry best practices. The VRA Board of Directors approved updates to VRA’s Investment Policy in June 2022. Following those revisions, the VRA team submitted the Investment Policy to the GIOA for investment policy certification. The GIOA certification process involves…
-
Board Highlight: State Treasurer Richardson
David L. Richardson was appointed State Treasurer by Governor Glenn Youngkin on June 2, 2022. By statute, the Treasurer serves as an ex-officio member of the Virginia Resources Authority Board. Mr. Richardson serves on VRA’s Budget and Investment Committee. Prior to his appointment as Treasurer, Mr. Richardson had recently retired after almost 44 years at…
-
City of Richmond’s Acquisition of Mayo Island
The City of Richmond applied to the Virginia Community Flood Preparedness Fund (CFPF) for funds to acquire 14.5 acres located in the City known as Mayo Island. The City was awarded $7.5 million in grant funding for the project and will contribute an estimated 20% of the total project costs from other sources. The City…
-
Board Highlight: David Branscome
David Branscome was appointed to the VRA Board of Directors by Governor Youngkin effective July 1, 2022. Previously appointed by Governors McDonnell and McAuliffe, he served two prior terms on the VRA Board. David chairs the Budget & Investment Committee and serves on the Audit Committee. David is Vice President of Julius Branscome Inc./Branscome Paving…
-
Local Infrastructure Hub
The National League of Cities is a proud sponsor of the Local Infrastructure Hub, a Database of approximately 400 funding opportunities available through the Bipartisan Infrastructure Law and the Inflation Reduction Act. The National League of Cities is a proud sponsor of the Local Infrastructure Hub, a Database of approximately 400 funding opportunities available through…
-
Strategic Planning in Small Communities
Capacity challenges can hinder smaller communities from performing critical planning exercises. The International City/ County Management Association (ICMA) awarded a research fellowship to Dr. Stephanie Dean Davis of Virginia Tech’s Graduate Local Government Management Program to study this issue. Local governments are invited to read the Manager’s Manual for Strategic Planning in Small Communities, which…
-
Local Governments May Soon Finance Affordable Housing Through VRA
On March 23, Governor Glenn Youngkin approved legislation to add affordable housing to the list of project areas that local governments may finance through VRA. HB1805 (Bloxom) and SB1401 (Lewis) were sponsored to provide another “tool in the toolbelt” for local governments to address housing affordability. The legislation becomes effective July 1. Existing project areas are…
-
VRA Receives GFOA Recognition
The Government Finance Officers Association (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to VRA for its annual comprehensive financial report for the fiscal year ended June 30, 2022. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive…
