On Thursday, Governor Scott announced that the Vermont Housing Finance Agency (VHFA) successfully placed $37 million in sustainability bonds to fund the State’s “Housing for All” affordable housing initiative. The bond sale was very well received by investors, reportedly receiving seven times more orders than available bonds.
This was great news for advocates of safe, affordable housing, as the sale exceeded the $35 million goal that had been set by the State. VHFA is currently accepting applications from affordable housing developers seeking to access the funds. To learn more, see VHFA’s announcement regarding the sale.