State Tax Credit Project Map
View the interactive map below for a summary of 2022 Downtown and Village Center Tax Credit projects.
Tax Credits
State and Federal Tax Credits
Downtown Sales Tax Reallocation
Municipalities and the developer of qualified projects may jointly apply to the Downtown Board for a reallocation of sales taxes on construction materials.
Funding and Incentives
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.
Charitable Housing Investment Tax Credit
The Charitable Housing Investment Tax Credit (HITC) is an opportunity to support affordable housing in Vermont and reduce your Vermont income taxes.
Funding and Incentives
Vermont Housing Improvement Program (VHIP)
The Vermont Housing Improvement Program provides rental property owners up to $50,000 per unit to cover the costs of bringing vacant and non-code-compliant rental units up to code. These units must serve a household exiting homelessness or actively working with an immigrant or refugee resettlement program for a minimum of five years. There is also supplement funding available through the Healthy Home Initiative (HHI), which can cover the cost of certain water-related expenses.