Investing in Capital Improvements
Life insurers have invested more than $38 million in bonds with the state’s Municipal Bond Bank, which finances social and physical infrastructure for municipalities, the city of Burlington and more.
Investing in Education
Life insurers have invested more than $18 million in bonds for education in the state. This includes more than $12 million for school construction through Vermont Municipal Bond Bank, the Vermont Student Assistance Corporation and the University of Vermont & State Agricultural College.
Investing in Affordable Housing
Life insurers have invested more than $23 billion in bonds issued by the Vermont Housing Finance Agency, which finances and promotes affordable, safe and decent housing opportunities for low and moderate-income Vermonters.
Investing in Lodging
Life insurers have been helping the state’s tourism industry, investing nearly $45 million in mortgages for lodging.
Investing in Retail
The industry has invested nearly $28 million in mortgages for retail properties in Barre, Burlington and Bennington, among other places.
Investing in Residential
Life insurers have provided financing totaling more than $20 million for residential homes in towns and cities throughout the state.