Vermont Agency of Commerce and Community Development (ACCD) - Department of Housing and Community Development (DHCD)
07/01/21 Close of Business (4:30 PM)
Tax credits to Vermont property owners and lessees for projects that enhance non-residential historic and older structures in eligible areas. The goals of the program are to create jobs, stimulate investments, restore buildings, and encourage revitalization in communities throughout the state. Eligible commercial or community buildings are located within a designated downtown or village center.
The Downtown and Village Center tax credit program helps to stimulate private investment, create jobs, 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. 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 or Village Centers. Credits support general rehabilitation work, code compliance work, and exterior façade improvements, and may be combined with the federal program.
Description of credits available through the program:
Eligible Buildings: Buildings at least 30 years old at the time of application, located within a Designated Downtown or Village Center, and not used as a single-family residence.
Preservation Standards and Design Considerations:
The Downtown Board assumes that some alteration of older or historic buildings will occur to
provide for contemporary use. However, the project must not damage, destroy, or cover materials or features
that help define a building’s historic character. General design guidance is provided in the Guidelines:
GrantWatch ID#: 172538
- Minimum Expenditure: Total project costs must exceed $5,000 for any of the tiers of credits to apply.
- Maximum Amount: Projects within a single municipality may not receive more than $780,000 in tax credits per fiscal year (or 30% of the total available cap).
Tax credits may be used in the first tax year in which the project or an identifiable phase of the project is complete (for example, code upgrades or a sprinkler system installed, inspected and in service). A copy of an approved tax credit certificate is submitted with the first tax return following project completion and may be carried forward on subsequent returns until the credits are exhausted or up to a maximum of nine years. Applicants forfeit their credits if they do not complete a project and claim the tax credit within three years from the date of its allocation.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Applications should be submitted electronically to Caitlin Corkins at email@example.com.
Applications may be submitted in hard copy by mailing them to:
Department of Housing and Community Development
One National Life Drive
Davis Building, 6th Floor
Montpelier, VT 05620-0501
For questions regarding this program, contact Caitlin Corkins, Tax Credits and Grants Coordinator, at the email address above, or by phone at 802-828-3047.
State Tax Credit Project Map: https://accd.vermont.gov/historic-preservation/funding/tax-credits/map
Grants to USA nonprofit organizations to reduce social inequality and promote solutions to the climate crisis. Eligible programs will address the areas of racial and economic justice, corporate and political accountability; voice, creativity, and culture; and an inclusi
Grants to USA and Canada nonprofit charitable organizations to impact public policy in a variety of national and international issues. In previous years, grants have been awarded for general operations and project support to think tanks, national councils, judicial orga
Grants to USA nonprofit organizations to protect natural resources on land and water in locations around the world. Funding is intended to ensure that activities to acquire metals, gemstones, and corals for design use do not have an adverse impact on the area of origin.
Grants to USA and Canada nonprofit organizations in multiple states and provinces to improve the quality of life in eligible regions. Funding is intended to address priority areas of diversity, equity, and inclusion; workforce development; civic and cultural growth; hum
Grants of up to $20,000 to USA and Territories nonprofit organizations and academic institutions for research projects addressing social change. Priority will be given to projects promoting racial justice and equitable legal practices including projects on racism, class
Grants of up to $3,000 to USA and Canada nonprofit organizations for projects to protect wildlife and natural habitats. Funding is intended for campaigns to save specific species and ecosystems. Eligible activities include public policy work, litigation, advocacy, and d
Grants to USA and Canada individuals and families with low-income for financial assistance. Types of assistance include financial support to offset emergency expenses or to cover the cost of regular monthly bills. Funding is intended for workers and households that are
Grants to USA and International nonprofit organizations, for-profit entities, and agencies for initiatives to benefit families, children, and communities. Applicants are required to submit an LOI prior to submitting a full proposal. Focus areas include equitable communi
Grants to USA nonprofit organizations to improve the quality of life for residents. Grant funds will support innovative projects and initiatives that encourage environmental awareness and activism. Funding is intended to support activism, educate and engage, strengthen
Grants to Alberta and USA nonprofit organizations for projects and programs to benefit communities where the funding source has a presence. Funding is intended for projects in the focus areas of education, hunger prevention, health and wellness, and disaster relief. A p