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Committee examines draft Vermont Infrastructure Sustainability Fund to finance municipal infrastructure for housing
Summary
Legislative counsel presented draft language creating a special fund, administered by the Vermont Bond Bank, to provide low-interest loans or bonds to municipalities for water, sewer and other public infrastructure where lack of capacity blocks housing development.
Legislative counsel presented draft language on Feb. 19 creating a Vermont Infrastructure Sustainability Fund to provide capital for municipal water, sewer and other public infrastructure projects that block housing development, the committee heard.
The draft would establish a special, revolving fund administered by the Vermont Bond Bank, with program guidelines developed in consultation with the Department of Housing and Community Development and other agencies. Eligible activities in the draft include preliminary…
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