Your community has a great re-development opportunity, but the project needs funding. Sound familiar? Luckily a number of federal, state and local resources are available to help. Each program below serves a particular area of interest and has specific eligibility requirements. Program staff can help you find the resources needed to meet your community development goals.
Vermont Community Development Program
The Vermont Community Development Program (VCDP) assists communities on a competitive basis by providing financial and technical assistance to identify and address local needs in the areas of housing, economic development, public facilities and public services.
Northern Border Regional Commission Grants
The Northern Border Regional Commission, a federal-state partnership for economic and community development, offers grants to combat economic distress in the counties of Essex, Orleans, Caledonia, Lamoille, and Franklin.
Municipal Planning Grants
These grants help municipalities build and enhance the local framework to guide growth and development in step with the community's goals, values and aspirations. Grants fund town plans and updates, zoning bylaws and other planning-related projects.
Downtown Transportation Fund
This fund helps municipalities pay for transportation-related capital improvements within or serving a designated downtown district. Past projects include parking facilities, pedestrian and streetscape improvements and utility relocation.
Electric Vehicle Supply Equipment (EVSE) Grant Program
Electric Vehicle Supply Equipment grants are available to governments, business owners, non-profits, homeowners associations, utilities and equipment providers. Funding may be used to purchase Level 1, 2 or direct current fast-charge (DCFC) equipment for light-duty vehicles.
Downtown & Village Center Tax Credits
State income tax credits are available to business and property owners with buildings constructed prior to 1983 and located within a State designated downtown or village center. Credits can help defray the cost of historic rehabilitation, façade and code improvements and technology upgrades.
Federal Rehabilitation Investment Tax Credits (RITC)
Administered by the National Park Service, a 20% federal income tax credit is available for rehabilitation of income-producing historic buildings, including multi-family housing. Properties must be listed in the National Register of Historic Places and work must meet preservation standards.
Downtown Sales Tax Reallocation
Municipalities and the project developer may jointly apply to reallocate sales taxes generated by a project located within a designated downtown district. Examples of projects include parking garages, pocket parks and other municipal improvements that enhance the qualified project.
Tax Increment Financing Districts
Municipalities with a designated downtown or growth center may create a tax increment financing (TIF) district to help pay for the public infrastructure (streets, sewer, water, or parking facilities) needed to support new development.
The grant program is a partnership between ACCD and VTrans that supports and guides local investments in transportation options through a wide array of planning activities including, downtown and village center master plans, corridor plans and innovative guidelines and bylaws.
Downtown and Village Center Funding Directory
A comprehensive list of state, federal and nonprofit funding sources to support downtown and village center revitalization efforts.