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Infrastructure Sustainability Fund debated; some members want Vermont Community Index removed as selection factor
Summary
Committee members discussed a proposed Infrastructure Sustainability Fund and raised concerns about relying on the Vermont Community Index to prioritize awards, with some members urging removal of the index from the draft.
The House General and Housing Committee reviewed language creating an Infrastructure Sustainability Fund intended to help developers and communities finance public infrastructure tied to housing development.
Committee members described the fund as a flexible tool that the bond bank or similar entity could use in multiple ways: (a) offer below-market-rate loans (for example, 2%), (b) buy down interest rates on the bond bank’s own lending, (c) provide credit enhancements or…
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