Who We Are
Nearly fifty years ago, the Vermont General Assembly established the Bond Bank to provide loans for local infrastructure projects following a period of facilities construction across the state when the ability to secure long-term debt financing was at risk.
The solution embodied in the Bond Bank was a state instrumentality with a mandate to “foster and promote by all reasonable means” access to long-term debt financing while, to the extent possible, reducing related costs to taxpayers and residents.
Over the ensuing years, the Bond Bank has financed billions of dollars in local investment by purchasing and “banking” the bonds and notes of governmental units.The Bond Bank is governed by a five-member Board of Directors with four appointed by the Governor and the State Treasurer serving as an ex-officio member.
| Mission | Vision |
|---|---|
| To assist Vermont's municipalities and other qualified public bodies in gaining access to affordable, innovative and appropriate financing to meet their capital needs. | To support Vermont's municipalities and other qualified bodies in making informed and knowledgeable financing decisions for present and future generations. |
How We Work
The Bond Bank’s programs are financed by the issuance of tax-exempt bonds, grants, and state matching funds.In all cases, these funding sources allow low-cost financing to be passed along to our borrowers.
Our 2020 Impact
Our loan programs impact the daily lives of Vermonters across the state by financing the classrooms, roads, and water that make daily life possible. Learn more about our impact on community well-being here.
Full Report
89,000
Vermonters Impacted
2,600
Student Seats Enhanced
320,000
SQ FT Public Facilities Upgraded
17
MI of Streetscape or Road Improvements
Initiatives
Our priorities are those of our participating communities. Alongside our statewide reach comes a collective understanding of the challenges faced by our borrowers. The initiatives described below are intended to respond to these challenges with related technical assistance and resources.
School Finance
Energy Efficiency
Community Wellbeing
