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Quarterly Performance Report of the Virginia Telecommunication Initiative, Q3 FY2025 (April 2025)

Summary

This April 2025 Quarterly Performance Report of the Virginia Telecommunication Initiative (VATI), Q3 FY2025, was submitted by the Department of Housing and Community Development. It states that VATI FY22, FY23, and FY24 projects will provide access to broadband infrastructure to 323,822 passings across Virginia, with $822 million in state and federal funding awarded and a total of $1.211 billion in private and local match funding leveraged. It states that to date projects have provided broadband access to 125,313 locations. It also states that 28 out of the 57 open projects funded from ARPA and General Funds are scheduled to be completed on time and that DHCD identifies 29 projects at risk for incompletion or underperformance.

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“Quarterly Performance Report of the Virginia Telecommunication Initiative, Q3 FY2025 (April 2025).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-rd399-c8a7c23b61/, SHA-256 47e658d9abb9bef52b390879de002254b723a85560c60d6f3d68ac26ec240db2.

Full text

                                                      1



Quarterly Performance Report of the
Virginia Telecommunication Initiative

Q3 FY2025 Report




Submitted by:
The Department of Housing and Community Development
April 2025
                                                                                                                    2


                                             Executive Summary

       Virginia funds broadband deployment within the Commonwealth through several
    programs. The largest and main program is the Virginia Telecommunication Initiative
    (VATI).
           VATI provides grants to localities partnered with internet service providers to
    finance the deployment of high-speed broadband to locations (called a “passing”) within
    the Commonwealth that are determined to be “unserved.” Passings are places where the
    internet can be accessed – thus it could be a business, community anchor, a home, or an
    apartment complex. A passing is unserved1 if it lacks access to internet speeds of 100
    Megabits per second (Mbps) download and 20 Megabits (Mbps) upload (“100/20”).
          This quarterly report is required by statute and has been prepared by the Office of
    Broadband located within the Virginia Department of Housing and Community
    Development (DHCD). This report tracks the technical performance of the VATI provider
    partners in their work to deploy broadband. This report adheres to the factors that the
    General Assembly directed to be tracked and presents them in the manner directed by the
    General Assembly.
            Below are the key takeaways from the report:
              ● Total passings: VATI FY22, FY23, and FY24 projects will provide access
                to broadband infrastructure to 323,822 passings across Virginia.
              ● Leveraged local and private funding: In addition to $822 million in state and
                federal funding awarded, FY22, FY23, and FY24 projects leverage a total of
                $1.211 billion in private and local match funding. To-date, $315.3 million of
                these awarded funds and $408.6 million of these matching funds have been
                expended.
              ● Locations Built-To: To date, projects have provided broadband access to
                125,313 locations.
              ● Maximum Speeds Available: Over 93.4% of projects funded in FY22, FY23,
                and FY24 offer functionally gigabit (1,000 Mbps) download speeds and over
                73.7% offer functionally gigabit upload speeds.

           In conclusion, 28 out of the 57 open projects funded from the American Rescue Plan
    Act of 2021 (ARPA) and General Funds from FY22, FY23, and FY24 are scheduled to
    be completed on time as of this report’s submission. DHCD identifies 29 projects are at
    risk for incompletion or underperformance. Justification for these delays include the
    make-ready effort, which includes preparing existing electric poles for aerial broadband
    network construction, as well as supply chain and labor markets, streamlining utility
    locate efforts, railroad crossings, the permitting process to lay fiber in state-owned rights
    of way along roads, and permitting to cross federally owned lands. Looking forward,
    DHCD will continue its ongoing work to monitor these projects, assisting where
    appropriate in mitigating these broadband deployment challenges.

1
  In the FY22 VATI process, the definition of unserved was set at 25/3. This definition of unserved has been upgraded
to those passings lacking access to broadband at speeds of 100/20 for the FY23 VATI process
                                                                                                    3


                                        Formal Report

        Pursuant to Chapter 1 of the Virginia Acts of Assembly of Special Session II of 2021
and continued forward in the 2024 Special Session 1 under Chapter 2 of the Virginia Acts of
Assembly, enclosed is the Quarterly Performance Report of the Virginia Telecommunication
Initiative (VATI).

      Item 103 L.6. of the 2024 Acts of Assembly Special Session I requires that DHCD deliver
a quarterly performance report on funds awarded through the 2021 Acts of Assembly Special
Session I (also known as the budget bill) of allocated ARPA funds, as well as state general funds
awarded through the Virginia Telecommunication Initiative since the aforementioned FY2022
budget cycle.
       Administered by the Virginia Department of Housing and Community Development
(DHCD), VATI enhances the sustainability and growth of communities throughout the
Commonwealth by preparing those communities to build, utilize, and capitalize on broadband
infrastructure. The primary objective of VATI is to provide financial assistance to supplement
construction costs by private sector broadband service providers to extend service to areas that
presently are unserved by any broadband provider. This program requires a public-private
partnership.

      The directive to form this quarterly performance report establishes that:
             To the extent possible, the quarterly performance report shall contain
             information by grant recipient and year on the following metrics: (1) Number of
             passings; (2) Grant dollars expended by fund source (State and Local Recovery
             Fund, Capital Project Fund, general fund state grants and match); (3) Contract
             performance period, and on-time progress towards project delivery; (4)
             Maximum advertised project speeds available; and, (5) Achievement of key
             project milestones. The quarterly report shall be due within 30 days of the close
             of the quarter. The quarterly performance report shall include an evaluation of
             any projects under risk of incompletion or underperformance. The department in
             providing such risk assessment shall include a reason for the project's delay.
       In accordance with this structure, DHCD has provided information in this report of the
projects that were awarded funds since December 2021 and includes the projects announced
in the FY2022, FY2023, and FY2024 cycles, as well as those projects funded under the
Coronavirus State and Local Fiscal Recovery Fund and Coronavirus Capital Projects Funds
allocations under the American Rescue Plan Act of 2021. Project information displayed in this
report reflects monthly report data from March 2025, which utilizes project data as of the end
of February 2025.
      Out of the 57 open projects funded in FY22, FY23, and FY24, 29 have requested and
received timeline extensions, and per DHCD’s analysis, 22 are considered to be at low risk
and 7 are considered to be at high risk. DHCD has established risk definitions specific to
funding year. A summary of these definitions provided in the table below. The definition of
risk category varies for the FY2022 funding year, as this funding year contained American
Rescue Plan Act funding, which has a statutory expenditure deadline of December 31, 2026.
                                                                                                               4


 Year              Risk Level        Risk Level Definition
                                            The grantee has not requested a timeline extension beyond
 FY22              No Risk                   the originally approved contract end date; and,
                                            Based on the sole determination of the Office of Broadband,
                                             the grantee is not significantly behind the current approved
                                             milestone timeline; and,
                                            The timeline for that project does not have an end date in
                                             2026.
                                            The grantee has requested a timeline extension beyond the
 FY22              Low Risk                  originally approved contract end date; or,
                                            Based on the sole determination of the Office of Broadband,
                                             the grantee is significantly behind the current approved
                                             milestone timeline and has not yet requested a timeline
                                             extension from the original completion date.
                                            The grantee’s contractual end date is in 2026, regardless of
 FY22              High Risk                 that end date reflecting the original contractually established
                                             end date or is a result of an extension.

 FY23, FY24        No Risk                  The grantee has not requested a timeline extension beyond
                                             the originally approved contract end date; and,
                                            Based on the sole determination of the Office of Broadband,
                                             the grantee is not significantly behind the current approved
                                             milestone timeline.

 FY23, FY24        Low Risk                 The grantee has requested a timeline extension beyond the
                                             originally approved contract end date; or,
                                            Based on the sole determination of the Office of Broadband,
                                             the grantee is significantly behind the current approved
                                             milestone timeline and has not yet requested a timeline
                                             extension from the original completion date.

 FY23, FY24        High Risk                The grantee has requested more than one timeline
                                             extension beyond the originally approved contract end
                                             date.

        DHCD staff continue to closely monitor the continued impact of challenges surrounding
make-ready, which includes preparing existing electric poles for aerial broadband network
construction. DHCD has recently funded the first projects under the Virginia Make Ready
Initiative, which is designed to mitigate the impacts of elevated make-ready costs. DHCD is
closely monitoring the impact of this program on accelerating delivery of affected VATI
projects.
      Other deployment challenges which are being monitored by DHCD include supply
chain and labor markets, streamlining utility locate efforts, railroad crossings, the permitting
                                                                                                  5


process to lay fiber in state-owned rights of way along roads and permitting to cross federally
owned lands. DHCD and its local government and internet service provider partners are
continuing to develop innovative solutions to meet these challenges and deliver high-speed
broadband access as quickly as possible for residents in these project areas.
     The project summaries included in this report are updated quarterly on the VATI Project
Dashboard, accessible through dhcd.virginia.gov/vati.
                                                                                                                                                                                                                                            6


                                               Q3 FY2025 Quarterly Performance Report for the Virginia Telecommunication Initiative - FY2022 Projects
                                                                                                                                          Award
                                                                                                                                          Funding
                                                                                                                                          Source - (GF,
                                                                                                                                          General Fund
                                                                                                                                          )(SLFRF,
                                                                                                                                          Coronavirus
                                                                                                                                          State and                                                                                   Maximum
                                                       Percent                                                                            Local Fiscal                                                                                Advertised
                                           Total       Complete                                                                           Recovery                         Percent                                        Percent     Project
                                           Passings    Passings                                                                           Fund )(CPF,                      Expended,                                      Expended,   Speeds
               Internet                    Provided    Provided                                                                           Coronavirus                      Out of                                         Out of      Available
               Service         Passings    Broadband   Broadband                                         Reason for a                     Capital         Awarded          Total                                          Total       (Download/
               Provider       in Project   Access to   Access to   Agreement    Agreement                Project’s                        Projects        Funding          Awarded     Total Match       Match Funding    Match       Upload
Grantee        Partner        Area         Date        Date        Start Date   End Date     Risk        Delay          Award Amount      Fund)           Expended         Funding     Funding           Expended         Funding     Mbps)

  Bedford         ZiTEL         5,644       5247.00      93%       06/15/2022   3/15/2025    Low Risk      OTH          $11,480,664.98     GF & SLFRF     $10,259,820.24    89.37%      $14,518,564.42   $12,138,783.35    83.61%     1000/1000
                                                                                                         MR, UL, RR,
  Bedford        Shentel        3,204       1992.00      62%       09/09/2022   9/31/2025    Low Risk    ROW, FED        $6,191,796.33     GF & SLFRF     $1,874,387.46     30.27%      $13,911,783.67    $4,102,613.38    29.49%     1000/1000
                 Lumos
 Botetourt      Networks        1,901       1556.00      82%       11/01/2022   6/30/2025    Low Risk        MR          $3,084,796.00        CPF         $1,799,645.84     58.34%      $4,824,937.00     $3,648,742.24    75.62%     1000/1000

 Campbell        Shentel        3,509       2682.00      76%       09/21/2022   9/31/2025    Low Risk      MR, UL        $6,443,000.00     GF & SLFRF     $1,646,567.77     25.56%      $12,978,455.00    $3,317,259.26    25.56%     1000/1000
  Central
Shenandoah     MGW/ Rob                                                                                   MR, ROW,
    PDC          Huff           2,470       1066.00      43%        6/1/2022     6/1/2025    Low Risk     FED, OTH       $7,876,800.00       SLFRF        $3,452,598.38     43.83%      $3,118,706.00     $1,493,986.68    47.90%      1000/50
Commonwe
                                            7359.00      65%                                                                                   GF
  alth RC          Kinex       11,397                              06/14/2022   6/14/2026    High Risk       OTH         $15,000,000.00                   $11,351,145.48    75.67%       $13,426,482     $10,327,985.12    76.92%       200/10
                 All Points
  Culpeper      Broadband       4,269         1.00        0%        8/3/2022    2/28/2025    Low Risk        MR          $8,600,000.00         GF         $2,804,691.76     32.61%      $21,914,454.00    $4,857,176.06    22.16%     1000/1000
Cumberland         Point
Plateau PDC     Broadband       5,659       5513.00      97%       09/06/2022    9/6/2025    Low Risk        MR         $23,478,429.00        CPF         $13,512,855.21    57.55%      $6,459,000.00     $3,717,435.13    57.55%      1000/500
   Eastern
  Shore of
   Virginia
Broadband
 Authority        ESVBA        11,091       9381.00      85%        6/1/2022    11/30/2024   Low Risk        OTH         $12,310,777.25      SLFRF        $8,236,666.46      67%        $3,314,865.50     $1,521,110.98    45.89%     1000/1000

  Franklin        Shentel       3,508       1444.00      41%       10/17/2022   10/17/2025   Low Risk     MR, UL, RR    $11,832,456.00     GF & SLFRF     $3,484,354.55     29.45%      $18,646,520.00    $5,491,314.05    29.45%     1000/1000
                  Charter
  Hampton      Communicat                                                                     Not at
 Roads PDC          ions       12,223       2336.00      19%       07/08/2022    7/8/2025      Risk         None         $21,120,053.50      SLFRF        $8,860,240.31     41.95%      $13,839,523.00    $6,447,629.24    46.59%      1000/500
                 All Points
  Hanover       Broadband       6,198         0.00        0%        8/1/2022    12/31/2025   Low Risk        MR          $13,970,000.00      SLFRF        $3,631,562.45     26.00%      $41,469,332.00    $6,362,226.54    15.34%     1000/1000
                 All Points
King William    Broadband       2,236       2236.00      100%       8/3/2022    3/31/2025    Low Risk        MR          $5,400,000.00       SLFRF        $1,577,320.47     29.21%      $12,330,632.00    $2,156,898.20    17.49%     1000/1000
               Scott County
LENOWISCO       Telephone
    PDC        Cooperative     10,982       5126.00      47%       06/13/2022   12/13/2025   Low Risk      MR, RR       $22,190,500.00    SLFRF & CPF     $11,437,003.20    51.54%      $6,354,500.00     $3,639,656.02    57.28%     1000/1000
  Loudoun        All Points
   County       Broadband       8,629         1.00        0%        7/1/2022    10/31/2025   Low Risk        MR          $17,524,000.00      SLFRF        $4,003,000.96     22.84%      $42,376,126.00    $5,448,166.80    12.86%     1000/1000
 Middlesex
   County        All Points
                Broadband        970          0.00        0%        7/22/2022   7/31/2025    Low Risk        MR          $2,050,000.00       SLFRF         $653,676.38      31.89%      $8,453,887.00     $1,132,991.43    13.40%     1000/1000
  Mount            Point
Rogers PDC      Broadband      27,450       26390.00     96%       06/01/2022   5/31/2025    Low Risk        MR          $66,203,228.00       CPF         $52,772,287.90    79.71%      $33,162,600.00   $29,429,753.67    88.74%      1000/500
                                                                                                                                                                                                                                                              7


 New River
   Valley
  Regional
Commission    Gigabeam       12,094        435.00          4%         03/13/2023      3/13/2026     Low Risk         RR         $39,233,355.00          CPF         $9,597,895.83      24.46%      $38,247,340.00      $9,368,535.31       24.49%      1000/1000
 New River
   Valley
  Regional     All Points
Commission    Broadband       7,872         0.00           0%         12/06/2022     12/31/2025     High Risk        MR         $29,122,000.00          CPF         $5,907,775.39      20.29%      $26,103,057.19      $15,021,078.77      57.55%      1000/1000
 Northern
 Neck PDC      All Points
              Broadband       3,411        3411.00        100%        9/22/2022       3/31/2025     Low Risk         MR          $3,190,500.00         SLFRF        $2,560,877.10      80.27%      $20,477,692.00      $13,338,823.29      65.14%      1000/1000
 Northern
Shenandoah
   Valley
  Regional     All Points
Commission    Broadband      32,238         0.00           0%         7/22/2022       6/30/2026     High Risk        MR         $96,873,500.00         SLFRF       $23,828,164.28      24.60%      $206,243,317.00     $35,823,220.74      17.37%      1000/1000

 Roanoke         B2X           520         180.00          35%        09/22/2022      5/24/2025     Low Risk      SCL, OTH        $170,609.00           GF           $35,295.43        20.69%        $177,572.00         $40,817.85        22.99%         25/4

 Roanoke         Cox           396         249.00          63%        09/01/2022      4/15/2025     Low Risk        FED          $1,535,264.00         SLFRF            $0.00          0.00%        $1,597,927.00          $0.00           0.00%         940/35

  Roanoke      Shentel         213          0.00           0%         10/03/2022      5/31/2025     High Risk      MR, RR         $490,000.00          SLFRF            $0.00          0.00%         $510,000.00           $0.00           0.00%       1000/1000
Shenandoah
   County
   Public
  Schools      Shentel        4,139        2830.00         68%         8/1/2022       8/1/2025      Low Risk       MR, UL       $12,176,662.00         SLFRF        $5,888,310.50      48.36%      $20,733,235.00      $10,026,042.20      48.36%      1000/1000
 Southside    EMPOWER
                                          11961.00         82%        07/22/2022                    High Risk       OTH         $69,431,635.00         SLFRF       $35,914,177.01      51.73%      $84,677,555.00      $43,680,281.90      51.58%      1000/1000
    PDC       Broadband      14,634                                                   6/22/2026
                                                                                                                  RR, ROW,
                                           1320.00         58%                                                                                         SLFRF
   Sussex     RuralBand       2,267                                   06/13/2022     12/13/2025     Low Risk         MR          $4,896,892.00                      $2,928,694.39      59.81%       $1,678,571.00      $1,004,022.67       59.81%      1000/1000
  Thomas
                                                                                                      Not at
 Jefferson      Firefly                   18190.00         50%        08/15/2022                                    None        $79,027,930.00         SLFRF       $47,684,732.55      60.34%      $208,969,670.00    $125,722,685.99      60.16%      1000/1000
                             36,225                                                                    Risk
     PDC      Broadband                                                               8/15/2025
    West
 Piedmont
                                           108.00          26%        07/03/2022                    High Risk     RR, ROW         $638,718.00          SLFRF        $126,029.37        19.73%        $50,570.00          $9,884.66         19.55%      1000/1000
    PDC -                      417
Dinwiddie     RuralBand                                                              12/31/2026
    West
 Piedmont                                                                                             Not at
                                            0.00           0%         06/20/2022                                    None         $6,893,337.00         SLFRF        $481,082.96        6.98%       $18,974,275.00      $1,156,288.63       6.09%       1000/1000
    PDC -    RiverStreet      5,009                                                                    Risk
Dinwiddie     Networks                                                                6/20/2026
    West
                                                                                                      Not at
 Piedmont    RiverStreet                   5123.00         21%        08/03/2022                                    None        $87,003,888.00         SLFRF       $26,090,086.37      29.99%      $65,421,341.00      $26,649,116.61      40.73%      1000/1000
                             24,641                                                                    Risk
PDC (East)    Networks                                                                8/3/2025
    West
 Piedmont     RiverStreet                   0.00           0%         09/30/2022                    High Risk    ROW, FED       $33,571,073.00          CPF         $1,566,727.45      4.67%       $59,425,085.00      $2,972,993.15       5.00%       1000/1000
                             10,056
PDC (West)     Networks                                                               2/24/2026
    West        Charter
 Piedmont    Communicat                    676.00          98%        08/01/2022                     Low risk       FED          $1,557,385.00          CPF         $216,637.31        13.91%       $1,450,145.00       $141,702.52        9.77%        1000/500
                               690
     PDC         ions                                                                 8/1/2025
                                                                   *Data as of March 2025 Monthly Project Reports, which reflect project statistics through the end of February.
      Abbreviations for Reasons for Project’s Delay: MR – Make Ready, SCL – Supply Chain and Labor, UL – Utility Locates, RR – Railroad, ROW – Right of Way Permitting along State Roads, FED – Federal Land Permitting Challenges, OTH – Other (Described)
                                                                                                                                                                                                                                                            8



                                                Q3 FY2025 Quarterly Performance Report for the Virginia Telecommunication Initiative – FY2023 Projects
                                                                                                                                                             Award
                                                                                                                                                            Funding
                                                                                                                                                         Source - (GF,
                                                                                                                                                            General
                                                                                                                                                              Fund
                                                                                                                                                            )(SLFRF,
                                                                                                                                                         Coronavirus
                                                                                                                                                           State and
                                                                Percent                                                                                   Local Fiscal
                                                  Total        Complete                                                                                    Recovery                                                                                     Maximum
                                                Passings        Passings                                                                                  Fund )(CPF,                    Percent                                      Percent           Advertised
                  Internet                      Provided       Provided                                                                                  Coronavirus                    Expended,                                    Expended,        Project Speeds
                   Service                     Broadband      Broadband                                                   Reason for a                       Capital      Awarded       Out of Total                     Match       Out of Total        Available
                  Provider      Passings in     Access to      Access to     Agreement      Agreement                      Project’s        Award           Projects       Funding       Awarded       Total Match      Funding        Match           (Download/
   Grantee         Partner     Project Area       Date           Date        Start Date      End Date          Risk          Delay         Amount            Fund)        Expended       Funding         Funding       Expended       Funding         Upload Mbps)
 Greensville                                                                                                                             $2,956,774.8                                                  $4,435,162.2
                                     1,347      1336.00          99%         10/3/2023                      Not at Risk       None                            GF            $0.00          0.00%                         $0.00          0.00%            940/880
   County         Verizon                                                                    4/3/2025                                         0                                                              0
  Southside      EMPOWER                                                                                                                 $8,556,028.8                                                  $21,677,288.
                                     4,804       982.00          20%         9/26/2023                      Not at Risk       None                            GF         $73,000.00        0.85%                         $0.00          0.00%           1000/1000
     PDC         Broadband                                                                   9/26/2026                                        4                                                             16
     West
  Piedmont                                                                                                                               $3,548,250.0                    $1,557,302.0
                                     2,102       243.00          12%         10/5/2023                      Not at Risk       None                            GF                          43.89%       $1,856,750     $818,218.12       44.07%          1000/1000
     PDC         RiverStreet                                                                                                                  0                               6
(Pittsylvania)    Networks                                                                   10/5/2026
     West
                                                                                                                                         $8,155,864.0                    $3,372,165.7                  $5,205,136.0   $2,198,659.9
  Piedmont       RiverStreet         3,356       745.00          22%         11/6/2023       11/6/2026      Not at Risk       None                            GF                          41.35%                                        42.24%          1000/1000
                                                                                                                                              0                               6                             0              9
 PDC (East)       Networks
     West
                                                                                                                                         $8,013,600.0                                                  $5,386,400.0
  Piedmont       RiverStreet         4,526        0.00            0%         2/28/2024       2/28/2026      Not at Risk       None                            GF         $22,750.00        0.28%                         $0.00          0.00%           1000/1000
                                                                                                                                              0                                                             0
 PDC (West)       Networks
                                                                                                                                         $1,373,161.7                                                  $3,204,044.0
  Bedford         Shentel              565       417.00          74%          4/1/2024       9/1/2025       Not at Risk       None            4               GF            $0.00          0.00%            5            $0.00          0.00%           1000/1000
Shenandoah
  County
   Public                                                                                                                                $4,936,968.0                    $2,081,002.7                  $9,168,655.0   $3,864,719.3
  Schools         Shentel            2,440      1562.00          64%         9/26/2023       9/26/2025      Not at Risk       None            0               GF              4           42.15%            0              9            42.15%          1000/1000
  Caroline                                                                                                                               $6,446,000.0                                                  $15,247,000.   $2,204,070.0
  County         Breezeline          3,910       107.00           3%         10/23/2024     10/23/2026      Not at Risk        MR             0               GF         $838,636.58      13.01%            00             4            14.46%           1000/600
  Caroline                                                                                                                               $2,032,334.0                                                  $5,610,501.0
  County           Verizon             854       815.00          95%         10/23/2024      4/23/2025      Not at Risk       None            0               GF            $0.00          0.00%            0            $0.00          0.00%            940/880
Chesterfield      All Points                                                                                                                                                                           $12,494,553.
  County         Broadband             494        0.00            0%         12/1/2023      11/30/2026      Not at Risk       None        $755,523.00         GF            $0.00          0.00%            00           $0.00          0.00%           1000/1000
  Henrico         All Points                                                                                                                                                                           $6,027,280.4
  County         Broadband             412        0.00            0%         12/1/2023      11/30/2025      Not at Risk       None       $501,620.00          GF            $0.00          0.00%            2            $0.00          0.00%           1000/1000
                                                                                                                                         $8,753,009.0                                                  $19,113,941.
Essex County     Breezeline          3,526        0.00            0%         09/06/2023      9/6/2026       Not at Risk        MR             0               GF         $272,971.21       3.12%            00        $662,319.00       3.47%            1000/600
                                                                                                                                         $1,339,387.0
Floyd County      Citizens             543       509.00          94%         05/30/2023      8/18/2025      Not at Risk       None            0               GF         $661,166.91      49.36%       $827,173.00    $453,688.91       54.85%           1000/500
   Orange                                                                                                                                $2,181,000.0                    $2,155,031.6                  $8,391,058.0   $8,242,087.0
   County        FiberLync             576       405.00          70%         10/31/2023      4/21/2025      Not at Risk       None            0               GF              8           98.81%            0              6            98.22%          1000/1000
                                                                       *Data as of March 2025 Monthly Project Reports, which reflect project statistics through the end of February.
         Abbreviations for Reasons for Project’s Delay: MR – Make Ready, SCL – Supply Chain and Labor, UL – Utility Locates, RR – Railroad, ROW – Right of Way Permitting along State Roads, FED – Federal Land Permitting Challenges, OTH – Other (Described)
                                                                                                                                                                                                                                                           9



                                               Q3 FY2025 Quarterly Performance Report for the Virginia Telecommunication Initiative – FY2024 Projects
                                                                                                                                                            Award
                                                                                                                                                           Funding
                                                                                                                                                        Source - (GF,
                                                                                                                                                           General
                                                                                                                                                             Fund
                                                                                                                                                           )(SLFRF,
                                                                                                                                                        Coronavirus
                                                                                                                                                          State and
                                                               Percent                                                                                   Local Fiscal
                                                 Total        Complete                                                                                    Recovery                                                                                     Maximum
                                               Passings        Passings                                                                                  Fund )(CPF,                    Percent                                      Percent           Advertised
                Internet                       Provided       Provided                                                                                  Coronavirus                    Expended,                                    Expended,        Project Speeds
                 Service                      Broadband      Broadband                                                   Reason for a                       Capital     Awarded        Out of Total                     Match       Out of Total        Available
                Provider       Passings in     Access to      Access to     Agreement      Agreement                      Project’s         Award          Projects      Funding        Awarded       Total Match      Funding        Match           (Download/
  Grantee        Partner      Project Area       Date           Date        Start Date      End Date          Risk          Delay          Amount           Fund)       Expended        Funding         Funding       Expended       Funding         Upload Mbps)
  Thomas
                                                                                                                                        $12,208,500.                                                  $36,427,182.
 Jefferson       Firefly         5,825          126.00           2%         11/1/2024      12/31/2026      Not at Risk       None                            GF         $20,910.00        0.17%                         $0.00          0.00%           1000/1000
                                                                                                                                             00                                                            00
    PDC
 Southside                                                                                                                              $3,353,579.0                                                  $3,153,579.0
                Empower          3,757         1253.00          33%         11/13/2024      6/30/2027      Not at Risk       None                            GF         $26,000.00        0.78%                         $0.00          0.00%           1000/1000
    PDC                                                                                                                                      0                                                             0
   Carroll                                                                   Pending        Pending                                      $10,347,07                                                   $7,694,453.
                  ZiTEL          2,446           0.00            0%                                       Not at Risk       None                             GF           $0.00          0.00%                          $0.00          0.00%          1000/1000
  County                                                                     Contract       Contract                                        2.00                                                          00
                                                                                                                                        $4,199,596.0                                                  $1,343,604.0
Giles County     PemTel           629            0.00            0%         1/21/2025       1/21/2027      Not at Risk       None                            GF           $0.00           0.00%                         $0.00          0.00%           1000/1000
                                                                                                                                             0                                                             0
  Franklin                                                                                                                              $4,538,288.0                                                  $7,737,355.0
                  ZiTEL          2,543           0.00            0%         1/21/2025       1/21/2026      Not at Risk       None                            GF           $0.00           0.00%                         $0.00          0.00%           1000/1000
  County                                                                                                                                     0                                                             0
Rockbridge                                                                                                                              $1,197,320.0                                                  $1,653,443.0
                  BARC            293            0.00            0%         11/4/2024       11/4/2026      Not at Risk       None                            GF           $0.00           0.00%                         $0.00          0.00%           1000/1000
  County                                                                                                                                     0                                                             0
Rockbridge                                                                    Pending        Pending                                                                                                  $3,901,517.0
               Brightspeed       1,734           0.00            0%                                        Not at Risk       None        $975,865.00         GF           $0.00           0.00%                         $0.00          0.00%           1000/1000
  County                                                                      contract       Contract                                                                                                      0
 Alleghany                                                                                                                              $2,332,353.0                                                  $1,019,580.0
                  CBEC            370            0.00            0%         11/21/2024      6/13/2026      Not at Risk       None                            GF           $0.00           0.00%                         $0.00          0.00%          1000 / 1000
  County                                                                                                                                     0                                                             0
  Orange                                                                                                                                $2,138,416.0                                                  $3,155,780.0
                FiberLync         546            0.00            0%          8/8/2024       8/8/2026       Not at Risk       None                            GF           $0.00           0.00%                         $0.00          0.00%           1000/1000
  County                                                                                                                                     0                                                             0
 Botetourt
                Comcast            62            0.00            0%         12/12/2024     12/12/2026      Not at Risk       None        $395,411.00         GF           $0.00           0.00%       $232,225.00       $0.00          0.00%          1000 / 1000
  County
                                                                      *Data as of March 2025 Monthly Project Reports, which reflect project statistics through the end of February.
        Abbreviations for Reasons for Project’s Delay: MR – Make Ready, SCL – Supply Chain and Labor, UL – Utility Locates, RR – Railroad, ROW – Right of Way Permitting along State Roads, FED – Federal Land Permitting Challenges, OTH – Other (Described)


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