Skip to main content

Tax Credits

Downtown Sales Tax Reallocation

Winooski Vermont DowntownMunicipalities 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.

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. 

Subscribe to Tax Credits