Vermont Rural Ventures (VRV), a qualified Community Development Entity (CDE) operated by Housing Vermont, secured its first allocation of New Markets Tax Credit (NMTC) in the spring of 2009 and subsequent allocations in 2012, 2013 and 2014. VRV deploys NMTC resources to support investment in the economic, environmental, and social well-being of Vermont communities. NMTC funds are used to retain and create jobs for Vermonters by financing key community developments in downtown and village centers and in other concerted community efforts which demonstrate positive impacts on Vermont’s economic, health care, energy and food systems.
A variety of projects are eligible including but not limited to retail and office space, health care, downtown housing over commercial space, manufacturing, community centers, farm, forest, food processing, and energy. Prospective NMTC projects need to be located within a qualified census tract. Vermont Rural Ventures targets a majority of its NMTC resources to Vermont’s rural areas.
In accordance with federal law and the U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington D.C., 20220 or call (202) 622-1160.