VERGENNES, Vt. - Governor Phil Scott has announced funding to support 28 rehabilitation and revitalization projects in 22 of Vermont's designated downtown and village centers.
The awards help generate over $83 million in building improvements and public infrastructure to support local businesses, create new housing opportunities and incentivize other community investments.
"The kind of projects we're funding today, along with the strategic use of federal relief dollars, gives us the opportunity to make transformative change that will have long-lasting impacts around the state," said Vermont Governor Phil Scott.
Based on the success of this program, Governor Scott has proposed increasing available credits each year since coming to office. As a result, and with support from the Vermont Legislature, the cap on these credits has been raised from $2.4 million to $3 million over the last five years.
Here are the details on the Vergennes home.
A sensitive historic rehabilitation of this 200-year-old residence will provide 22 units of senior housing as part of a larger redevelopment/construction project to provide 55 total housing units in the heart of downtown Vergennes.
Tax credits will support a new elevator, fire safety and sprinkler upgrades, and façade repairs to restore many of the obscured historic elements of the building.
Total Project Cost: $20,077,279; Tax Credits Awarded: $121,377 Contact: Dan Hassan, 508-813-6601, email@example.com