Vermont
Last checked 2026-06-16
24
Designated tracts (of 24 eligible)
24
Rural designated — QROF treatment
9
Former OZ 1.0 tracts redesignated
57
Days until designations take effect
How Vermont chose
Treasury published the final list on October 30, 2026. Vermont designated 24 of 24 eligible tracts — every eligible tract, because the 25-tract minimum exceeded its eligible count. No selection took place. Designations take effect January 1, 2027 and run through December 31, 2036.
Record: how Vermont ran its nomination input process
Nomination process
The lead agency has been identified, but no public process has been published yet. Contact information is below.
Map: designated and eligible tracts
Loading 24 eligible tracts…
Designated tracts by county
The county is usually the first local partner on an OZ deal — zoning, infrastructure, incentives. CDEs listed are New Markets Tax Credit allocatees that have already financed deals inside this county's designated tracts: the organizations with a working track record of underwriting there.
| County | Designated / eligible | Rural | OZ 1.0 kept / lost | Residents | NMTC CDEs active in designated tracts |
|---|---|---|---|---|---|
| Chittenden County | 4 / 4 | 4 | 1 / 5 | 15,915 | Evernorth Rural Ventures, Inc.; MASCOMA COMMUNITY DEVELOPMENT, LLC; USBCDE, LLC |
| Rutland County | 4 / 4 | 4 | 2 / 1 | 12,786 | Evernorth Rural Ventures, Inc. |
| Windham County | 4 / 4 | 4 | 2 / 0 | 14,168 | Evernorth Rural Ventures, Inc.; MHIC NE New Markets CDE II LLC |
| Bennington County | 2 / 2 | 2 | 2 / 0 | 7,589 | MASCOMA COMMUNITY DEVELOPMENT, LLC |
| Essex County | 2 / 2 | 2 | 0 / 0 | 2,854 | — |
| Franklin County | 2 / 2 | 2 | 1 / 0 | 7,071 | Coastal Enterprises, Inc.; Evernorth Rural Ventures, Inc. |
| Orleans County | 2 / 2 | 2 | 1 / 1 | 4,946 | — |
| Caledonia County | 1 / 1 | 1 | 0 / 3 | 3,139 | — |
| Orange County | 1 / 1 | 1 | 0 / 1 | 2,013 | — |
| Washington County | 1 / 1 | 1 | 0 / 1 | 2,629 | — |
| Windsor County | 1 / 1 | 1 | 0 / 3 | 2,992 | — |
Counties with no designated tracts are listed only if they lost OZ 1.0 tracts. NMTC: CDFI Fund NMTC public data release. 5 distinct CDEs across Vermont's designated tracts.
Find projects and partners in the designated tracts
Every designated tract in Vermont, tagged by the signals that point to a project type or a partner. Pick tags to narrow the list — a tract must carry every tag selected. Tags are simple published rules, not a score; hover a tag for its definition.
24 of 24 tracts shown
Download all eligible tracts, national (CSV) →| Tract | County | Pov. | MFI | Pop. | Rent. | Vac. | Signals | Prior NMTC CDEs |
|---|---|---|---|---|---|---|---|---|
| 50003970900 Bennington | Bennington County | 28.1% | 70.3% | 2,413 | 42.9% | 4% | Rural / QROFFormer OZ 1.0CRA-eligible | — |
| 50003971200 | Bennington County | 15% | 56.9% | 5,176 | 63.2% | 8% | Rural / QROFFormer OZ 1.0NMTC track recordHousing pressure | MASCOMA COMMUNITY DEVELOPMENT, LLC $7.5M · 1 deal |
| 50005957300 | Caledonia County | 12.1% | 66.2% | 3,139 | 5.2% | 1.8% | Rural / QROFCRA-eligibleUI Tier 1 | — |
| 50007000300 | Chittenden County | 21.4% | 56.8% | 5,099 | 69.6% | 2.9% | Rural / QROFNMTC track recordCRA-eligibleUI Tier 1 | MASCOMA COMMUNITY DEVELOPMENT, LLC $10.5M · 1 deal |
| 50007000600 | Chittenden County | 32.9% | 81.7% | 4,572 | 71.5% | 4.9% | Rural / QROFNMTC track recordCRA-eligibleHousing pressure | MASCOMA COMMUNITY DEVELOPMENT, LLC $2.5M · 1 deal |
| 50007004100 | Chittenden County | 56.2% | 120.9% | 2,259 | 94.6% | 8.7% | Rural / QROFFormer OZ 1.0NMTC track recordHousing pressure | USBCDE, LLC $6.8M · 1 deal |
| 50007004200 | Chittenden County | 29.1% | — | 3,985 | 85.4% | 0% | Rural / QROFNMTC track recordCRA-eligibleHousing pressure | Evernorth Rural Ventures, Inc. |
| 50009950100 | Essex County | 10.5% | 62.6% | 1,687 | 7.3% | 55.4% | Rural / QROFCRA-eligibleHigh vacancy | — |
| 50009950200 | Essex County | 22% | 60.6% | 1,167 | 48.9% | 44.1% | Rural / QROFCRA-eligibleHigh vacancy | — |
| 50011010300 | Franklin County | 18.3% | 60.8% | 3,514 | 25.8% | 22.2% | Rural / QROFNMTC track recordCRA-eligibleHigh vacancy | Coastal Enterprises, Inc. $0.4M · 1 deal |
| 50011010700 | Franklin County | 23% | 45.1% | 3,557 | 57.3% | 7.5% | Rural / QROFFormer OZ 1.0NMTC track recordCRA-eligibleHousing pressure | Evernorth Rural Ventures, Inc. |
| 50017959101 | Orange County | 5.3% | 69.5% | 2,013 | 8.5% | 14.5% | Rural / QROFCRA-eligible | — |
| 50019951100 | Orleans County | 12% | 67.5% | 2,553 | 18.1% | 34% | Rural / QROFCRA-eligibleHigh vacancy | — |
| 50019951500 | Orleans County | 34.3% | 54.7% | 2,393 | 58.2% | 19.6% | Rural / QROFFormer OZ 1.0CRA-eligibleHousing pressureHigh vacancy | — |
| 50021962200 | Rutland County | 14.2% | 64.5% | 4,120 | 15.7% | 12.5% | Rural / QROF | — |
| 50021963100 | Rutland County | 9.9% | 65.2% | 3,242 | 65.6% | 18.4% | Rural / QROFFormer OZ 1.0NMTC track recordHigh vacancy | Evernorth Rural Ventures, Inc. $1.0M · 1 deal |
| 50021963200 | Rutland County | 22.7% | 77.7% | 2,964 | 41.7% | 11.7% | Rural / QROFFormer OZ 1.0 | — |
| 50021963400 | Rutland County | 6% | 69.5% | 2,460 | 15.7% | 4.5% | Rural / QROF | — |
| 50023955501 | Washington County | 15.6% | 69.6% | 2,629 | 27.5% | 7.3% | Rural / QROF | — |
| 50025967000 | Windham County | 24.8% | 62.4% | 2,921 | 49% | 18.3% | Rural / QROFFormer OZ 1.0High vacancy | — |
| 50025967900 Rutland | Windham County | 7.3% | 53.8% | 1,466 | 18.9% | 77.3% | Rural / QROFHigh vacancy | — |
| 50025968400 | Windham County | 13.2% | 64.3% | 3,933 | 26.9% | 7.6% | Rural / QROFCRA-eligible | — |
| 50025968500 | Windham County | 20.3% | 83.5% | 5,848 | 49.7% | 4.2% | Rural / QROFFormer OZ 1.0NMTC track recordCRA-eligible | Evernorth Rural Ventures, Inc.; MHIC NE New Markets CDE II LLC $20.6M · 4 deals |
| 50027966501 | Windsor County | 7% | 69.4% | 2,992 | 13.3% | 31% | Rural / QROFHigh vacancy | — |
Reading the signals for projects
- Rural / QROF — a rural QOF investment gets a 30% basis step-up at five years, and existing buildings need only 50% improvement. Rehab of existing stock pencils here in ways it does not elsewhere. Mechanics →
- Housing pressure — mostly renters, most of them cost-burdened. Housing deals here have demand; they also carry displacement risk, which is where community benefit terms matter.
- High vacancy — vacant structures to bring back. Pair with the 50% rural improvement threshold where both apply.
- UI Tier 1 — the Urban Institute's read that private capital is likely to come and the impact would be larger.
Reading the signals for partners
- NMTC track record — the listed CDEs have underwritten deals in this exact tract. They know the market and can layer NMTC with OZ equity. How they stack →
- CRA-eligible — bank investment here earns CRA credit. Start with community development officers at banks with branches in the county.
- Former OZ 1.0 — QOFs and sponsors may already hold assets here. They are the most likely early OZ 2.0 investors and know the local approvals path.
- Tribal — the tribal government is a principal, not a stakeholder to consult. Persistent poverty — USDA Rural Development programs can fill gaps.
Data context
0
Eligible tracts in EIG DCI top distress quintile
The EIG Distressed Communities Index (2019–2023) is referenced in many state scoring rubrics. Quintile 1 = most distressed. See whether OZ 1.0 reached the most distressed places →
0
Counties with eligible tracts designated USDA persistent poverty
Persistent poverty = 20%+ poverty rate in every census 1980–2010. Source: USDA ERS County Typology Codes (2015 edition). Relevant for USDA RD program eligibility and QROF rural bonus. See QROF rural bonus mechanics →
12
Prior NMTC investments in eligible OZ tracts
CDFI Fund NMTC Public Data Release (2024). Indicates prior CDFI capital deployment track record in these tracts. See how NMTC and OZ stack →
14
Eligible tracts with CRA designation (LMI or distressed/underserved)
Banks earn CRA credit for investing in low- or moderate-income tracts (Track 1), and in non-metropolitan middle-income tracts officially designated distressed or underserved by FFIEC (Track 2). When an OZ project sits in a CRA-eligible tract, bank capital can satisfy CRA obligations while generating OZ tax benefits. How CRA and OZ interact →
Cities: Burlington, Brattleboro, Averill, Lyndon, West Topsham and 23 more
ZIP codes: 05401, 05301, 05038, 05654, 05905 and 26 more
See all 28 cities and 31 ZIP codes
All cities:
Burlington, Brattleboro, Averill, Lyndon, West Topsham, Washington, Saint Johnsbury, Saint Albans, Richford, Norton, Newport, Montgomery Center, Montgomery, Lyndonville, Lyndon Center, Island Pond, Barre, Guildhall, Graniteville, Essex Junction, Enosburg Falls, East Berkshire, East Barre, Chelsea, Canaan, Bennington, Beecher Falls, Williamstown
All ZIP codes:
05401, 05301, 05038, 05654, 05905, 05903, 05902, 05901, 05855, 05851, 05850, 05849, 05846, 05819, 05679, 05675, 05641, 05649, 05086, 05479, 05478, 05476, 05471, 05470, 05450, 05447, 05408, 05405, 05402, 05201, 05907
Look up a specific tract (FFIEC) → Source: FFIEC Census Flat File 2026, joined to IRS Rev. Proc. 2026-14 eligible tracts.
2
Eligible tracts in top investability quintile (Urban Institute model)
The Urban Institute investability model scores OZ-eligible tracts by predicted likelihood of attracting private capital, based on OZ 1.0 investment patterns. Quintile 1 = highest predicted investability among scored tracts. Not all tracts are scored — coverage reflects tracts with sufficient OZ 1.0 data.
Who to contact
Vermont Agency of Commerce and Community Development (ACCD)
https://accd.vermont.gov/OpportunityZonesCertified CDFIs
4 certified CDFIs headquartered in Vermont. CDFI Fund certified list →
USDA Rural Development
USDA RD Vermont State Office →RCAP Regional Partner
RCAP Solutions →Rural LISC
Rural LISC →Native / tribal
No formal tribal consultation process has been published for Vermont's OZ 2.0 nomination. If your jurisdiction contains or is adjacent to tribal land, contact the relevant Tribal Historic Preservation Office (THPO) or tribal government directly before submitting a nomination.
Designations: Treasury, 2027 QOZ designations and revised eligible-tract file (October 30, 2026). Demographics: ACS 2020–2024 5-year. OZ 1.0: IRS Notice 2018-48, crosswalked to 2020 tracts. Eligible tract counts: IRS Rev. Proc. 2026-14 (April 6, 2026). Rural designation: Notice 2025-50, Section 4.01. Status tier last verified 2026-06-16. Full methodology.