Historic year of activity for the Bond Bank

Burlington, VT  – The Vermont Bond Bank ("Bond Bank") released its 2024 Annual Report today.

The Bond Bank recorded historic levels of activity over the year that resulted in a total of $199.6 million in loans to 52 borrowers across its programs. Included in this activity was the creation of three new programs including the Municipal Climate Recovery Fund to aid flood impacted municipalities, the Small System Capacity and Resilience Program for water systems, and the Energy Efficiency and Renewable Energy Program.

The loans improved the communities of nearly 200,000 Vermonters while supporting, among other outcomes, 300,000 SF of facility improvements, 50 acres of park improvements, and 2 miles of streetscape and trails. This is in addition to improvements to culverts, bridges, and brownfields.

The Bond Bank provides benefits for borrowers and the State of Vermont by ensuring that governmental units have access to capital, low or lower costs, consistency in process, and reduced investments in time and resources to access debt financing. Across all programs, the Bond Bank manages and services $885.61 million in loans as of the end of 2024.

Please review the report for more information on the Bond Bank's impact across Vermont.