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Preservation = Economic Vitality

In 2005, Senator Patrick Leahy and the Preservation Trust of Vermont embarked on a partnership to support local initiatives to build stronger and more economically vibrant villages and small downtowns.

Between 2005 and 2009, the Village Revitalization Initiative, with funding from the Department of Housing and Urban Development (HUD) Economic Development Initiative (EDI) grants, invested $2,435,200 in twenty-seven community projects, playing a critical role in over $27 million worth of total project costs.

The grants ranged from $20,000 to $250,000 for revitalization projects ranging from $50,000 to $7,000,000. All projects resulted in an enhanced community use and increased vitality of historic buildings located in the heart of the village center or in a small downtown.

2014 National Preservation Honor Award

The VRI partnership has been honored with a 2014 Honor Award from the National Trust for Historic Preservation as well as the 2011 Advisory Council on Historic Preservation’s (ACHP) Chairman’s Award for Achievement in Historic Preservation.

The Village Revitalization Initiative partnership created both construction and permanent jobs, generating short-term federal and state income tax revenues and long-term property tax revenues.

The HUD EDI investments played a crucial role in the vitality of communities and reinforce the essential character of Vermont—a crucial effort in maintaining the state’s special brand.

Village Revitalization Initiative Grants Awarded