Nov 21, 2025BoardMeeting
BoardLocal Investment Advisory Committee Meeting Minutes
The committee discussed 26 financing applications received in response to a recent RFP, totaling $89 million. Treasurer Pieciak proposed expanding available capacity to $37.5 million through reallocations and future-year commitments to address a $9 million funding gap. The committee reviewed ten projects, including those utilizing the Vermont Housing Finance Agency as an intermediary and others, to support workforce housing and economic development. Members voted to authorize the Treasurer's Office to enter negotiations with these projects and to report back with specific funding recommendations.