Vermont is home to one of the oldest municipal bond banks in the country. Started in 1970, the Vermont Municipal Bond Bank (VMBB) has been helping cities and towns access low-interest loans, helping finance impact public projects ranging from parks to public schools.
But what makes the state of Vermont particularly unique is their multi-decade tradition of issuing “citizen bonds.” These bonds are made available only to Vermont residents, at a minimum denomination of $1,000 — instead of the typical $5,000. Since 1996, citizen bonds have made it easier for more Vermont residents to invest in their state and created a powerful mechanism to fund community-positive public projects.
That’s why we’re particularly proud to be working with the Vermont Municipal Bond Bank on their 2018 bond issuance.
On Tuesday, July 10, Vermont residents can buy 2018 bonds directly through Neighborly in orders as low as $1,000. The proceeds from these bonds will be used to finance projects including streetscape improvements, energy efficiency upgrades, a new fire truck and a new pocket park.
What’s a pocket park, you ask? We were curious, too. Check out an example below of one that we found in Seattle.
If you’re a resident of Vermont, we hope you take part in helping the State continue this long-standing, powerful and progressive tradition. At Neighborly, we’re certainly proud to play our small part.
Let’s build the future of Vermont together. Invest in Vermont with Neighborly.
Neighborly Securities, Inc. is not registered as a Municipal Advisor with the SEC under Reg MA. Neighborly Securities, Inc. is a broker dealer of municipal securities, and member of FINRA, SIPC and registered with MSRB.