For Immediate Release - June 24, 2013

Patrick Administration Announces $750,000 in Community Investment Tax Credit Grant Awards

Funding will allow Community Development Corporations to Implement Community Investment Plans

June 25 – Expanding the Patrick Administration’s commitment to encourage new economic opportunities for low- and middle-income households throughout Massachusetts, Department of Housing and Community Development Undersecretary Aaron Gornstein announced the Community Investment Tax Credit (CITC) grant awards for 28 community organizations across the Commonwealth.

The grants, which total $750,000, will allow the Community Development Corporations to refine or implement Community Investment Plans that will support programs, policies and activities that lead to new economic opportunities. The awards were announced at the annual meeting of the Mel King Institute in Boston.

 “By partnering with local Community Development Corporations, we hope to create economic opportunity for everyone in Massachusetts,” said Undersecretary Gornstein. “The Community Investment Tax Credit will lead directly to new ideas and new projects that will revitalize neighborhoods and support growth for low- and moderate-income families who still need help recovering from the recession.”

The Community Investment Grant Program is designed to enable local residents and stakeholders to work with and through community development corporations 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. Community Development Corporations do this through the adoption of community investment plans to undertake community development programs, policies, and activities.

 The Department of Housing and Community Development is the administering agency for CITC and is responsible for managing the process by which the credits are allocated to eligible CDCs.  The program was created in 2012 through the Jobs Bill signed by Governor Patrick in August 2012, and is available to CDCs through 2019.

Since 2009, the Patrick Administration worked with the Legislature and Congress to direct over $700 million in federal and state tax credits and state housing program subsidies to projects that improve the state's affordable housing, create jobs and build stronger communities. These investments have generated more than 14,000 jobs and 10,000 homes. 

The following Community Development Corporations are receiving grant awards of $25,000 each:

Allston Brighton CDC

Asian CDC (Boston, Quincy, Malden)

CDC of South Berkshire (Great Barrington, Sheffield)

Codman Square Neighborhood Development Corp.

Community Development Partnership (Cape Cod)

Community Economic Development Center of Southeastern Massachusetts (New Bedford)

Dorchester Bay Economic Development Corp.

Franklin County CDC (Greenfield region)

HAP Housing (Springfield, Chicopee, Holyoke, Westfield)

Hilltown CDC (Chesterfield)

Island Housing (Martha’s Vineyard)

Jamaica Plan Neighborhood Development Corp.

Lawrence Community Works

Madison Park CDC

Main South CDC (Worcester)

MetroWest Collaborative Development (Watertown, Natick, Newton, Needham)

The Neighborhood Developers (Chelsea, Revere)

Neighborhood Housing Services of the South Shore (Quincy, Brockton, New Bedford)

NOAH (East Boston)

Nuestra Comunidad (Roxbury, Grove Hall)

Quabog Valley CDC (Palmer, Ware)

South Boston Neighborhood Development Corp.

Springfield Neighborhood Housing Services

Urban Edge (Roxbury)

Valley CDC (Northampton region)

Viet Aid (Fields Corner)

Watch CDC (Waltham)

 

The Massachusetts Association of Community Development Corporations received $75,000.

 

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