$37M bond sale on tap to boost affordable housing

BURLINGTON — A $5 million purchase by People’s United Bank will help the state sell $37 million in bonds to fuel one of the largest expansions of low-income housing in Vermont’s history.Lawmakers approved the bond sale earlier this year after wrangling over how to add to the state’s low-income housing stock. The Vermont Housing Finance Agency, a nonprofit established by the Legislature to finance affordable housing initiatives, will sell the bonds. The Vermont Housing and