A bi-modal bleed valve assembly is provided. In one embodiment, the bi-modal bleed valve assembly includes a housing assembly having a bleed inlet, a bleed outlet, a control servo port, and a control chamber therein. A main flow control valve is fluidly coupled to the control chamber and configured to move between an open position and a closed position to regulate fluid flow from the bleed inlet to the bleed outlet. The main flow control valve is configured to move from an open position to a closed position when the pressure within the control chamber surpasses a predetermined threshold. A switching valve is fluidly coupled between the bleed inlet, the servo control port, and the control chamber. The switching valve is configured to route fluid flow into the control chamber from: (i) the bleed inlet in an autonomous mode, and (ii) the servo control port in a servo-controlled mode.