Downtown and Village Center Tax Credits

The Downtown and Village Center tax credit program helps to stimulate private investment, create jobs, increase, and improve housing, restore buildings, and jump start revitalization in Vermont communities. Successful projects range from small bed and breakfasts and rental apartments to multimillion-dollar downtown redevelopments. In January 2023 state income tax credits are available to projects that enhance the historic character and improve building safety of older and historic commercial buildings located in Designated Downtowns, Village Centers, and Neighborhood Development Areas. Credits support general rehabilitation, code compliance work, flood mitigation upgrades, and exterior façade improvements, and may be combined with the federal program.

Applications are due Monday, January 16, 2023, by close of business (4:30 pm).

PROGRAM INFORMATION

2020 DOWNTOWN VIL CNTR TAX CREDIT PROGRAM.pdf

Download PDF • 2.13MB

For questions regarding this program, contact: Caitlin Corkins, Tax Credits & Grants Coordinator at: caitlin.corkins@vermont.gov or by phone at 802-828-3047.