Vermont’s Downtown and Village Center tax credit program, one of the primary benefits of Downtown and Village Center designation, supports revitalization in community centers across the state.
Next January, a special round of $700,000 in state income tax credits will be competitively available to projects that enhance the historic character and improve building safety of older and historic commercial and community buildings in these designated communities. The credits support general rehabilitation work, code compliance work, and façade improvements, and may be combined with the federal program.
Applications for the next round of tax credits are due on Monday, January 4, 2021. The Vermont Downtown Board will make its allocation decisions by the end of January. Click the link below for the program guidelines and application.
If you applied unsuccessfully to the program in July, we encourage you to re-apply for the additional funding now available. You may re-submit your previous application or submit an updated application.
If you have questions about the program or application, please contact Caitlin Corkins of the Division for Community Planning & Revitalization at email@example.com.
A pre-recorded webinar (available here) covers program basics, the scoring criteria, and how to compile a strong application for those looking for a competitive edge.
Email your application to firstname.lastname@example.org or send to:
State of Vermont
Division for Community Planning & Revitalization
One National Life Drive
Davis Building, 6th Floor
Montpelier, VT 05620-0501.