Peter Welch (D-VT00)

DC Phone: 202-225-4115

Tax Staffer: Kaitlin Clark, [email protected] (Updated: 07/28/2021)

In the many low-income communities of our rural 3-county region of Vermont, the NMTC program is essential for any large economic development projects. The program is able to bring capital to projects that would otherwise not be available.

-David Snedeker, Executive Director, Northeastern Vermont Development Association, St. Johnsbury

Congressman Welch Attends Putnam Block Groundbreaking

The former Hotel Putnam, Old Courthouse, and Winslow Building will be converted into mixed-use commercial space that includes a health clinic, social service healthcare providers, a local bookshop, café, restaurant, potter, office space, and retail space tailored to support a local grocer. Additionally, 22 residential apartments will be constructed, with six of the units supporting low-income individuals. The completion of these neighborhood enrichments will revitalize a key downtown block that has been largely vacant for many years. Spread the Word on Social Media

District Highlights

NMTC Project Profiles (Inside the District)

Brattleboro, VT (2,020)

Project to finance the development of Groundworks Collaborative’s new permanent campus in Brattleboro, VT. Groundworks provides essential shelter and supportive services, including housing case…

Burlington, VT (2,019)

This project involved the renovation of the old St. Joseph’s school for the community center. …

Bennington, VT (2,019)

Burlington, VT (2,018)

New Y offers Burlington residents first-class fitness, wellness, aquatic, and child care experiences….

Bellow Falls, VT (2,017)

NMTC financing ensures long-term financial viability of New England manufacturing firm…

Brattleboro, VT (2,015)

Brattleboro Development Credit Corporation, the project sponsor, will acquire G.S….

North Springfield, VT (2,014)

Vermont Rural Ventures provided a key piece of financing for Black River Produce’s expansion into the distribution of locally raised meats….

Burlington, VT (2,014)

Vermont Rural Ventures provided $6.2 million of its New Markets Tax Credit authority to double the size of the King Street Center and create…

Brattleboro, VT (2,011)

Financing to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown….

Johnson, VT (2,011)

Vermont Rural Ventures awarded a portion of its allocation of federal New Markets Tax Credits to provide a financing to Laraway Youth and Family…

Brattleboro, VT (2,010)

The Brattleboro Commonwealth Dairy plant facility expansion project….

Richford, VT (2,007)

The redevelopment of a historic mill building located on Main Street in the center of the Village of Richford, Vermont….

State Fact Sheet