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Bond Bank backs $9.1M sustainable infrastructure fund to lower municipal infrastructure costs
Summary
Michael Gaughan, executive director of the Vermont Bond Bank, told the House Committee on General & Housing that a proposed $9,100,000 Vermont Sustainable Infrastructure Fund could be deployed via direct lending, interest rate write‑downs and credit enhancement to lower infrastructure costs for housing and municipal projects.
Michael Gaughan, executive director of the Vermont Bond Bank, told the House Committee on General & Housing on Feb. 19 that the Bond Bank supports the governor’s proposal for a Vermont Sustainable Infrastructure Fund and urged the committee to consider the $9,100,000 request included in the governor’s budget.
Gaughan described three deployment options: direct lending to low‑capacity communities for small infrastructure projects, using the fund to write…
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