Delaware Valley Regional Finance Authority
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 as defined in the Local Government Unit Debt Act. DelVal does not originate loans for tax and revenue anticipation, industrial development, higher education facilities, or health care facilities. Each loan must be secured by the pledge of the full faith, credit, and taxing power of a local government unit or a similar enforceable contractual agreement. Since 1985, DelVal has originated $3.6 billion of loans to 204 different local governments in 16 counties. Currently, approximately $956 million of loans to 125 different local governments are outstanding.
DelVal has been successful due to the low-interest costs and costs of issuance that the program affords. For the past year, the weighted average All-In True Interest Cost of the bond issues in DelVal’s market area has been approximately 0.69% higher than a comparable DelVal loan with the same optional redemption provisions.
Please use the link to the document library below for more information. You will be redirected to a Box Folder.
Due to the COVID-19 Pandemic, the July 13, 2020, meetings of the DelVal Board of Directors will be conducted as a virtual GoToMeeting. Any citizen may attend this meeting by telephone or computer. Citizens may submit questions or comments to the Program Administrator at LCalhoun@DelVal.US up until 2:00 P.M. on July 13, 2020. The Agenda for the meeting is posted in "Current Information on DelVal" below.
DelVal Agenda Meeting
Monday, July 13, 2020 at 3:00 PM (EDT)
DelVal Public Meeting
Monday, July 13, 2020 at 4:00 PM (EDT)
Access by computer, tablet or smartphone.
Telephone dial-in number:
Access Code: 606-210-421