Putnam Block (2019), Bennington, VT

COMMUNITY IMPACT

NMTC Investor: US Bank Community Development Corporation Lenders: Mascoma Bank, Vermont Economic Development Authority The renovation of 3 historic buildings in downtown Bennington, VT. 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, cafe, 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.

Voices from the Community

Today, we celebrate the kickoff of this historic project that will revitalize downtown Bennington. We also celebrate the extraordinary efforts of the community leaders who brought their vision to life in the face of countless obstacles along the way. I am particularly pleased that the federal New Markets Tax Credit played a vital role in this vibrant project and look forward to returning to celebrate its completion.

Representative Peter Welch (D-VT)

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The New Markets Tax Credit Coalition
1155 15th Street NW, Suite 400
Washington, DC 20005
202-393-5225

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