News

Community Investment Tax Credit - FY 2015 Notice of Funding Availability pdf format of citc-fy15-nofa.pdf

Corrective Memo for FY 2015 Notice of Funding Availability docx format of nofa-citc.docx

 

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.


Program Information

830 CMR 62.6M.1: Community Investment Tax Credit (Department of Revenue)

Chapter 62: Section 6M.  Community Investment Tax Credit

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

List of Certified CDCs


Community Partner Resources

List of 2014 Community Partners Allocated Community Investment Tax Credits docx format of listof2014communitypartners.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

Program Guidance and Notices

Determining Qualified Investment Amount Guidance docx format of determiningqualifiedinvestment.docx