Using the Virginia Pooled Financing Program, the City of Harrisonburg and Rockingham County financed a new facility for the Harrisonburg-Rockingham Community Services Board (“HRCSB”) in 2019. HRCSB is one of 40 community-based public providers of mental health, substance abuse, and developmental disability services throughout Virginia. Prior to the VRA funding, HRCSB was experiencing increases in its client base due to population growth, Medicaid expansion, and new State mandates for additional services. The increased demand placed stress on the existing space and facilities, which were already aged. The VRA financed project consisted of new construction at the main HRCSB campus and renovation and expansion of the existing McNulty Center at a satellite campus. Total combined committed funding to the city and county was $9.9 million, and the security pledges were a general obligation pledge and lease revenues, respectively.
