Tax Credits

The Department of Housing and Community Development annually submits a report on the uses of State and Federal funds exceeding $50,000 awarded or appropriated for housing development and housing assistance and subsidies.

View the interactive map below for a summary of  2016 Downtown and Village Center Tax Credit and Sales Tax Reallocation projects. 

Click blue dots to view tax credit project summaries.
Click yellow stars to view sales tax reallocation summaries.

To see a summary of 2015 projects, select the list layer icon in the right hand corner of the map and select the checkbox next to the past project awarded option. The 2015 projects will appear as orange dots on the map. 

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.

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.

The Charitable Housing Investment Tax Credit (“HITC”) is an opportunity to support affordable housing in Vermont and reduce your Vermont income taxes.

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.