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.
The Charitable Housing Investment Tax Credit (HITC) is an opportunity to support affordable housing in Vermont and reduce your Vermont taxes.
Have a downtown or village center commercial building that needs help? Need an elevator or sprinkler system installed to use the upper floors? Tax credits may be the answer.
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.
The program provides special permit and tax incentives for communities and developers that commit to building mixed-income housing within and adjacent to designated downtowns, village centers, new town centers, and growth centers.