Program Description

The Community Investment Tax Credit (CITC) was created by Chapter 238 of the Acts of 2012.  The CITC is designed to enable local residents and stakeholders to work with and through community development corporations (CDCs) to partner with nonprofit, public, and private entities to improve economic opportunities for low and moderate income households and other residents in urban, rural, and suburban communities across the Commonwealth.  CDCs accomplish this through adoption of community investment plans to undertake community development programs, policies, and activities.

The Department of Housing and Community Development (DHCD) is the administering agency for CITC and is responsible for managing the process by which the credits are allocated to eligible CDCs.  The CITC will be available in calendar years 2014 through 2019; the Department will promulgate regulations in 2013 to establish rules, standards, and procedures for qualifying for and receiving allocations of the CITC. 

Community Investment Tax Credit Program NOFA - Issued: November 8, 2013 pdf format of    CITC NOFA 11-8-2013

Community Partnership and Tax Credit Allocation Application - cover page doc format of    CITC Cover Page


Additional Program Information

Proposed Amendments to 760 CMR 68 - Community Tax Investment Grant and Tax Credit Program (CITC) pdf format of    proposedamendmentsto760cmr68.pdf

Public Notice for Proposed Amendments to 760 CMR 68 – Community Tax Investment Grant and Tax Credit Program pdf format of    Public Notice for Proposed Amendment to 760 CMR 68 - Co

760 CMR 68.00: Community Investment Grant and Tax Credit Program Regulations

List of Certified CDCs doc format of    listofcertified-cdcs.doc  January 10, 2014

Commonwealths Sustainable Development Principles docx format of    commonwealthsustainable-dev-princ.docx


Forms and Reports

Form CITC pdf format of    form-citc.pdf  file size 1MB

Form CITC docx format of    form-citc.docx

CITC Investment and Allocation Monthly Report xlsx format of    citc-monthlyreport.xlsx
 

Community Investment Tax Credit Grant Program (CITC Grant Program)

Program description

The Community Investment Tax Credit Grant Program (CITC Grant Program) was created by Chapter 238 of the Acts of 2012.  The Department of Housing and Community Development (DHCD) is the administering agency for this Program and is responsible for managing the process by which the CITC Grant Program funds are awarded.  The Department has filed regulations for the program at 760 CMR 68.00.

The CITC Grant Program is designed to enable local residents and stakeholders to work with and through community development corporations (CDCs) to partner with nonprofit, public, and private entities to improve economic opportunities for low and moderate income households and other residents in urban, rural, and suburban communities across the Commonwealth.  CDCs accomplish this through adoption of community investment plans to undertake community development programs, policies, and activities.  The CITC Grant Program is a start-up program designed to assist CDCs to develop capacity to apply for and implement the CITC.

The Department has $750,000 available for awards under this Program.  Grants funds awarded will be used by CDCs to refine or implement existing Community Investment Plans (CIP), or used by Community Support Organizations to assist CDCs in the development, refinement and implementation of Plans.  The Department will award CITC Grants during Fiscal Year 2013.