Investing in Capital Improvements
Life insurers have invested more than $69 million in bonds with the state’s Municipal Bond Bank, which finances social and physical infrastructure for municipalities, school districts and public bodies; the state itself; the city of Burlington and more.
Investing in Education
Life insurers have invested more than $7 million in bonds for education in the state, providing funding for the Vermont Student Assistance Corporation, the University of Vermont & State Agricultural College, and Vermont Educational and Health Buildings Financial Agency.
Investing in Affordable Housing
Life insurers have invested $22 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 $45 million in mortgages for lodging.
Investing in Retail
The industry has invested $30 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.