CCIF, formerly UDAG (Cabot Community Investment Fund)
The purpose of the CCIF Plan is to provide financial resources, through a fair and consistent process, to local individuals and groups for activities and projects that serve to strengthen the economic, cultural, educational, environmental, and social well-being of the Cabot community.
In 1987, the U.S. Department of Housing and Urban Development awarded the Town of Cabot a grant of approximately $2 million to be loaned to the Cabot Farmers’ Co-op to construct a warehouse and improve its wastewater treatment facilities. The interest rate was set at 4%. The loan to the Co-op was closed in December 1988. The Creamery repaid the loan in 2003.
As these funds were paid back, they were to be used to encourage economic and social development in Cabot. In order to insure the wise stewardship of the funds and to provide for their orderly use, by voice vote Town Meeting adopted the original UDAG Plan in March, 1992. This Plan was subsequently amended by a motion of the Cabot UDAG Committee and a vote by Australian ballot at Town Meetings.
CCIF Committee meetings are held on the 2nd Tuesday of the month.
Cabot CCIF Committee
PO Box 36
Cabot, Vermont 05647
Adam Overbay, Chair
Greg Burtt, Vice Chair