CHIP - Eligible Costs

Improvements may include, but are not limited to, the following: 

• Utilities, such as power distribution and transmission lines and conduit, telecommunications lines and conduit, telecommunications towers, digital infrastructure, and power or telecommunications equipment; drinking water, wastewater, and storm water, infrastructure including: water sources; green and gray stormwater practices; distribution/collection and conveyance piping and pump stations; and treatment systems, facilities, and regulatory required pertinent equipment.
• Thermal energy networks, waste heat recovery, and community-scale geothermal.
• Transportation improvements such as publicly accessible roads, streets, bridges, parking lots, facilities, garages, and structures, multimodal facilities, public transit stop equipment and amenities, street and sidewalk lighting, roundabouts, crosswalks and/or other pedestrian crossing treatments, traffic calming features, sidewalks, streetscapes, way-finding signs and kiosks; traffic signals, medians, turn lanes, and property acquired or used for right of way such as hiking and biking trails,  pathways to facilitate multimodal transportation, bicycle and pedestrian lanes, paths, and bridges, street furnishings.
• Site preparation for development or redevelopment including acquisition, demolition, environmental remediation of contaminated property, and mitigation of a flood-prone area.
• “Soft costs” such as consulting, design, architects, engineering, accounting, legal, project management, associated application fees, or other professional services directly related to the implementation and construction of eligible site improvements.

It depends. If the CHIP project will be the only development served by the expansion (now and into the future), the full cost may be an eligible CHIP cost. If other development will be served by the expansion, the full cost must be prorated because only the portion to be used by the housing development project is an eligible CHIP cost.

Please contact VEPC staff to discuss your project.

Yes, but these costs may only be paid with the municipal tax increment.

Yes

Yes.