32 V.S.A. § 3847 — Neighborhood housing improvement programs

At an annual or special meeting, a municipality may vote to exempt, for a period not
exceeding five years, the property tax on the value of improvements made to principal
dwelling units with funds provided in whole or in part by a nonprofit, neighborhood,
or municipal housing improvement program that limits eligibility to residents with
incomes below the median income of the State. Such programs include neighborhood
housing services, Community Loan Funds, community land trusts, neighborhood planning
associations, and municipal housing improvement programs. (