Virginia Department of Housing and Community Development Town of Tangier Fiscal Distress Report March 2026
VRA monitors Tangier water system loan arrears
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Description
The Virginia Resources Authority holds ongoing debt for Tangier's water system, with notification in April 2025 of missed payments and continued compliance monitoring due to absence of required audits.
Contract Details
Vendor
VIRGINIA RESOURCES AUTHORITY
Agency
Town of Tangier, VA
Contract Type
FINANCIAL_SERVICES
Document Date
March 1, 2026
Contract Term
Ongoing; loan originated for water system debt, payment delinquency noted April 2025
Renewal Info
Debt service is ongoing; repayment terms per loan agreement. The Town is delinquent as of 2025; loan renews until fully repaid or refinanced.
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Virginia Department of Housing and Community Development Town of Tangier Fiscal Distress Report March 2026
Virginia Department of Housing and Community Development Town of Tangier Fiscal Distress Report March 2026
Virginia Department of Housing and Community Development Town of Tangier Fiscal Distress Report March 2026
Virginia Department of Housing and Community Development Town of Tangier Fiscal Distress Report March 2026
Virginia Department of Housing and Community Development Town of Tangier Fiscal Distress Report March 2026
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