Delaware Valley Regional Finance Authority

The next Agenda Meeting and Public Meeting of the Board of Directors will be held at 3:00 P.M. and 4:00 P.M., respectively, on May 12, 2025, at the Chester County Commissioners’ Board Room, 313 W. Market Street, 6th Floor, West Chester, PA, 19380. The Agenda and Administrator's Report will be posted prior to the meeting under "Current Information on DelVal" below. Individuals who wish to attend the meetings remotely should contact the Administrator at (215) 402-0270 or [email protected] prior to 2:00 P.M. on the date of the meetings.

DelVal Loan Program

Bucks, Chester, Delaware, and Montgomery Counties created the Delaware Valley Regional Finance Authority (“DelVal”) in 1985 to provide loans to local governments in Pennsylvania (the “Loan Program”). Loans are limited to funding capital projects. DelVal does not originate Loans for tax and revenue anticipation, industrial development, higher education facilities, or health care facilities. Loans to Local Government Units (including boroughs, cities, counties, school districts, and townships) must be secured by the pledge of the full faith, credit, and taxing power of the Local Government Units. In order to participate in the Loan Program, authorities or other political subdivisions must be: (i) rated "Aa3" or "AA-" or higher, (ii) secured by a guaranty agreement or a similar security agreement of a Local Government Unit or the Commonwealth of Pennsylvania, or (iii) secured by a financial guaranty insurance policy. Since 1985, DelVal has originated more than $4 billion of Loans to more than 210 local governments and authorities in 16 counties. Currently, approximately $1 billion of Loans to approximately 100 different borrowers are outstanding.