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Vermont bankers support technical fixes in H.398, flag first-time VIDA direct‑lending authority
Summary
Chris Delia of the Vermont Bankers Association told the House Commerce & Economic Development Committee he supports technical changes in H.398, is cautiously supportive of a small disaster‑recovery lending fund giving VIDA direct‑lending authority, and urged coordination with VHFA on housing tools.
At a Friday hearing of the Vermont House Committee on Commerce and Economic Development, Chris Delia, president of the Vermont Bankers Association, voiced conditional support for H.398 and urged coordination between state housing authorities and banks to avoid undercutting existing programs.
Delia said H.398 makes “technical miscellaneous changes” to VIDA statute that he supports and described a proposed disaster‑recovery fund provision as "the first time in their statute where they would have the authority to do direct lending to businesses." He called that change small in scale and said he expects the authority would be used sparingly for disaster recovery.
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