Announcing the 2023 Downtown and Village Center tax credit program

In FY 2024, $4.35 Million in state income tax credits are available. Credits are awarded to projects that improve building safety, attract new business, and create jobs. Projects must be within a state-designated downtown, village center, or neighborhood development area. Funding supports general rehabilitation and code compliance work. The program also funds flood mitigation upgrades and exterior façade improvements. 

Applications for the next round of tax credits are due Monday, July 3, 2023.

Program Guidelines and Application (pdf)

You must submit applications via email to: accd.DowntownVillageCenterTaxCreditProgram@vermont.gov. Applicants to are encouraged to reach out to Caitlin Corkins with any questions - 802-828-3047 or Caitlin.Corkins@vermont.gov.

There will be a webinar on Thursday, May 4th at 10am. Email Caitlin directly for more information. The webinar will cover program basics and required attachments. It will also discuss the scoring criteria, and how to compile a strong application for those looking for a competitive edge.