Election

Lieutenant Governor Candidates Pledge Island-by-Island Lending Score as Mortgage Access Takes Center Stage

All three Democratic candidates for lieutenant governor committed to producing a public, island-by-island lending score during their first year in office, establishing a measurable point of agreement during a debate that exposed differences over how the territory should confront limited mortgage access, scarce construction financing and gaps in modern financial services. Senators Novelle E. Francis Jr. and Milton E. Potter and St. Croix Educational Complex Principal Rodney Moorehead made the commitment during the V.I. Consortium and WTJX lieutenant governor debate, which was recorded on Wednesday, July 15 and aired Sunday, July 19. Each candidate is seeking the Democratic nomination as part of a gubernatorial ticket. The lieutenant governor chairs the V.I. Banking Board and oversees the Division of Banking, Insurance and Financial Regulation. The division licenses and regulates banks, mortgage lenders and brokers, finance lenders, money transmitters, securities businesses and other f...