Community Development

Tax Increment Financing (TIF)

St. Albans - Stephen Goodhue
Taylor Park, St. Albans
Tax Increment Financing (TIF) Districts are a tool for municipalities to finance public infrastructure spending and spur downtown property redevelopment. Though the Vermont TIF program has undergone many statutory changes, it has been available and successful for many years.

Partners

Strong communities are built and maintained through partnerships. Partners share responsibilities, bring resources to the table and contribute to better outcomes.  The partners listed below represent key interests likely to be involved in any community development effort and can help you or your community in your land use planning and community development efforts.

Resources and Rules

Planning Statutes and Rules
State statutes outline how municipalities can govern land use.  In addition to Chapter 117, the Planning and Development Act, a number of other, sometimes hard-to-find statutes, are listed.

Planning Publications
Department publications, data and historical planning documents to support land use planning in Vermont.

Downtown Sales Tax Reallocation

Armory, Burlington, Vermont
Burlington, Vermont
Municipalities and the developer of the qualified project may jointly apply to the Downtown Board for a reallocation of sales taxes on construction materials. Qualified projects must be located within a designated downtown district and may be eligible for a reallocation of sales taxes on construction materials.

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