Designed to aid certain 501(c)(3) entities by VEDA’s issuance of tax-exempt bonds. In these projects, VEDA acts as a conduit issuer, thereby enabling eligible borrowers to access the tax-exempt bond market. Because income earned by purchasers of these bonds is exempt from federal and, in some cases, state tax, these bonds traditionally carry lower interest rates and may carry longer terms than conventional bank loans.
Funding Agency or Organization: VEDA
Funding Website: https://www.veda.org/financing-options/vermont-commercial-financing/revenue-bond-program/
Local Match Requirement: N/A
Award Amount: Varies
Deadline: N/A
Competitive: Non-competitive
Eligible Applicant: Municipal, Non-profit
Project Categories: Infrastructure and Housing, Economic Development