State and Federal Tax Credits
The Vermont Agency of Commerce and Community Development’s State and Federal Tax Credits support the rehabilitation and preservation of historic commercial and nonprofit buildings in Vermont’s downtowns and village centers.
Funder: Vermont Agency of Commerce and Community Development
Due Dates: July 1, 2027 (State Downtown & Village Center Tax Credits full application deadline)
Funding Amounts: At least $3.5 million available annually; typical state tax credit awards range from ~$6,000–$1.2 million per project; federal credits may also be combined.
Summary: Provides state and federal tax credits to support rehabilitation and revitalization of commercial and nonprofit buildings in Vermont’s designated downtowns and village centers.
Description
This program offers significant state and federal tax credits to incentivize the rehabilitation, code compliance, and improvement of commercial and nonprofit properties in Vermont’s designated downtowns and village centers. The credits are designed to stimulate private investment, foster job creation, support rental housing, and enhance the historic character of Vermont communities. Eligible projects include general building rehabilitation, code upgrades (such as elevators, sprinklers, and ADA compliance), flood mitigation, and exterior façade improvements. Both modest and large-scale projects are supported, and credits can be combined for maximum impact.
