Downtown and Village Center Tax Credit Program

Announcing a Special BONUS round of funding

In January 2023, during this special round of funding, $800,000 in state income tax credits will be competitively available to projects that enhance the historic character and improve building safety of older and historic commercial and community buildings in these designated communities. The credits support general rehabilitation work, code compliance work, façade improvements, and flood mitigation projects, and may be combined with the federal program. 

Applications for the next round of tax credits are due Monday, January 16, 2023, and the Vermont Downtown Board will make is allocation decisions at their regularly scheduled board meeting in February 2023.

Applications must be submitted electronically to: accd.DowntownVillageCenterTaxCreditProgram@vermont.gov

Reach out to Caitlin Corkins or GMEDC with any questions about the program or the application. There is also a pre-recorded webinar available on ACCD's website which covers program basics, the scoring criteria, and how to compile a strong application for those looking for a competitive edge.