INFRASTRUCTURE - Housing Infrastructure Loan Fund
Vermont Bond Bank
Funding Amount
Up to $3.5 million
Deadline
Rolling / Open
Grant Type
state
Overview
INFRASTRUCTURE - Housing Infrastructure Loan Fund
Supports preliminary engineering and planning; engineering design and bid specifications; construction of improvements; and purchase/conveyance of eligible improvements to municipally owned water systems, wastewater systems, and mobility and transportation investments, including complete streets (19 VSA § 2401), transit-related improvements, and improvements required by municipal regulations, official maps or designation standards. Other activities reviewed on a case-by-case basis in coordination with the State of Vermont.
Details
- Funding Entity: Vermont Bond Bank
- Funding Type: Loan
- Funding Range: Up to $3.5 million
- Match Required: Interest plus closing costs
Notes
This loan program is expected to help finance projects associated with existing and pending tax increment finance (TIF) and community and housing infrastructure program (CHIP) approvals, as well as other municipally sponsored infrastructure initiatives that will further housing production in Vermont.
How to Apply
Deadline: Quarterly.
Apply Via: Contact Vermont Bond Bank loan officer, Ken Linge, for a preliminary review of the proposed project. Applications by invitation only.
Apply here: https://www.vtbondbank.org/hilp
Focus Areas & Funding Uses
Fields of Work
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