Middlebury submits state’s first CHIP application

Middlebury applied for state funding through the Community & Housing Infrastructure Program (CHIP) to support development at Stonecrop Meadows. The agreement with developer Summit Properties allows the town to use tax increment financing to pay for infrastructure such as roads, sidewalks, and water lines for Phase Two of the neighborhood. Furthermore, the CHIP program utilizes state education fund dollars to cover 60% of the associated infrastructure debt.