Virginia Pooled Financing Program

Virginia Resources Authority

Program Type:

Loan

Eligible Geography:

Virginia

Program URL:

https://www.virginiaresources.gov/page/virginia-pooled-financing-program/

Summary:

Minimum recommended loan of $750,000. Loan terms of up to 30 years. No bond inusrance premiums. Annual administrative fee of 0.125% of outstanding principal; paid semi-annually with interest payments. Loan origination fee is 0.125% of loan par amount.

Eligible Recipients:

Local Government

Eligible Recipients Detail:

Local Governments

Eligible Purpose:

Last Mile Infrastructure

Eligible Purpose Detail:

General Infrastructure for essential projects.

Other Eligibility Criteria:

All VRA’s authorized project areas are eligible for financing in the Virginia Pooled Financing Program (VPFP).

https://www.virginiaresources.gov/portfolio/projects/index/type/11