Stormwater
Increased development, aging infrastructure, more intense rainstorm events, and rising sea levels are all placing demands on the Commonwealth’s infrastructure systems susceptible to flooding. Fortunately, there is some limited funding available for capacity and condition improvements such as bioswales with native plants. Richmond, Portsmouth, Norfolk, Virginia Beach, Hampton, Chesapeake, Newport News, Lynchburg, Roanoke and Alexandria have stormwater user fees paid by residents. These fees serve as dedicated funding source for existing stormwater management services and new capital projects. In FY 2021, Virginia financed approximately $205 million in project loans targeted at 14 projects through the Virginia Clean Water Revolving Loan Fund, however, future needs are significant. More than 70% of the commonwealth’s population lives in coastal areas. Meanwhile, it is estimated that 1 inch of water in a home can cause upwards of $25,000 in damages.