- Executive Office of Housing and Livable Communities
Media Contact
Tara Smith, EOHLC Press Secretary
SALEM — Today the Healey-Driscoll Administration is awarding $13.2 million of Community Investment Tax Credits (CITC) to 54 Community Development Corporations (CDCs) and Service Organizations (CSO) across Massachusetts. The Affordable Homes Act, signed into law by Governor Healey last summer, increased the CITC from $12 million to $15 million and created a permanent funding source for the CITC program.
Since its inception in 2012, the CITC program has been an integral source of funding for CDCs and CSOs to support programming that includes affordable housing development and preservation, community planning and economic development initiatives, homeownership assistance, financial education, foreclosure prevention and savings programs, and job training and job creation programs.
“Community Development Corporations are on the front lines of solving our housing and economic challenges, and this investment ensures they have the tools to keep doing that critical work,” said Governor Maura Healey. “This funding will be used by trusted community organizations to support housing development, help more families buy and stay in their homes and create new jobs.”
"With this expanded and permanent funding for the CITC program, we’re ensuring that every corner of the state has resources to build housing and drive economic development,” said Lieutenant Governor Kim Driscoll. “This is a smart, community-driven approach to building economic security and housing opportunities."
“The CITC program empowers local organizations to build more housing, support working families, and drive economic growth across Massachusetts,” said Ed Augustus, Secretary of Housing and Livable Communities. “By expanding the CITC program, this Administration is doubling down on local innovation and long-term impact.”
The CITC Program offers a 50% refundable state tax credit that provides an incentive for donors to contribute funds to CDCs and CSOs. The program enables residents and stakeholders to work with CDCs and 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 state. CDCs accomplish this through adoption of Community Investment Plans (CIP) to undertake community development programs, policies and activities.
A full of awardees is below:
| Community Partner | Credit Award Amount |
|---|---|
| African Community Economic Development of New England (ACEDONE) | $225,000 |
| Allston Brighton CDC | $175,000 |
| Amherst Community Land Trust | $150,000 |
| Asian CDC | $150,000 |
| Boston Neighborhood Community Land Trust | $120,000 |
| Brookline CDC | $150,000 |
| Chinatown Community Land Trust | $110,000 |
| Coalition for a Better Acre | $200,000 |
| Codman Square NDC | $225,000 |
| Community Development Corporation of South Berkshire | $225,000 |
| Community Development Partnership | $375,000 |
| Community Teamwork, Inc. | $300,000 |
| Community Economic Development Corporation (CEDC) | $300,000 |
| Dorchester Bay Economic Development Corporation | $250,000 |
| Fenway Community Development Corporation | $375,000 |
| Franklin County CDC | $250,000 |
| Groundwork Lawrence | $225,000 |
| Harborlight Homes | $375,000 |
| Hilltown CDC | $375,000 |
| Home City Development | $100,000 |
| Homeowner's Rehab Inc. | $75,000 |
| Housing Assistance Corporation (HAC) of Cape Cod | $375,000 |
| Housing Corporation of Arlington | $250,000 |
| Housing Nantucket | $375,000 |
| Island Housing Trust Corp. | $375,000 |
| Jamaica Plain Neighborhood Development Corporation | $75,000 |
| Just A Start | $375,000 |
| Lawrence Community Works | $375,000 |
| Lena Park CDC | $100,000 |
| Madison Park Development Corporation | $175,000 |
| Main South CDC | $150,000 |
| Massachusetts Association of Community Development Corporation (MACDC) | $220,000 |
| Metro West Collaborative Development | $225,000 |
| Nectar Community Investments (formerly Mill Cities) | $375,000 |
| Neighborhood of Affordable Housing (NOAH) | $300,000 |
| Neighborworks Housing Solutions | $375,000 |
| NewVue Communities | $375,000 |
| North Shore CDC | $375,000 |
| Nuestra Comunidad | $175,000 |
| OneHolyoke CDC | $100,000 |
| Quaboag Valley CDC | $125,000 |
| Revitalize CDC | $150,000 |
| Somerville Community Corporation | $275,000 |
| South Boston NDC | $100,000 |
| South Middlesex Opportunity Council | $375,000 |
| Southeast Asian Coalition of Massachusetts | $225,000 |
| The Neighborhood Developers | $375,000 |
| Urban Edge | $375,000 |
| Valley Community Development | $220,000 |
| WATCH CDC | $375,000 |
| Waterfront Historic Area League (WHALE) | $100,000 |
| Way Finders | $375,000 |
| Wellspring Cooperative | $250,000 |
| Worcester Community Housing Resources Inc. | $75,000 |
Statements of Support:
Salem Mayor Dominick Pangallo
"When our local economy is strong, we’re all strong. When our youth and underemployed find pathways to good paying jobs with dignity, we’re all more empowered to succeed. And when every person in our community has a roof over their head, and one that they can afford, we’re all the better off. That, and so much more, is the work of the North Shore CDC - and it’s not possible without the Commonwealth's Community Investment Tax Credit program. We're so grateful for state partners like the Healey-Driscoll administration, who recognize the importance of supporting community development agencies through these types of opportunities."
Felicia S. Pierce, CEO of North Shore CDC
"The CITC program has allowed us to make a deeper investment in the communities we serve that need it most, allowing us to expand our housing portfolio while strengthening and sustaining our community programming. We are extremely grateful to the Healey-Driscoll Administration and the Executive Office of Housing and Livable Communities for the opportunity for our donors to double their impact in the communities that depend on us."
Emily Haber, President & CEO, Mass. Assoc. of Community Development Corporations:
“We are thrilled that Community Development Corporations (CDCs) will be able to benefit from the removal of the sunset and the increased cap of $15 million for CITC this year. The growth of CITC exemplifies the Healy-Driscoll Administration's commitment to CDCs as critical partners in the development of affordable housing and vibrant communities across the Commonwealth."
Marty Martinez, President and Chief Executive Officer at United Way of Massachusetts Bay:
Whether it is incubating small businesses, stabilizing neighborhoods with affordable housing, or lifting community voices to advocate for change, CDCs are powerful economic engines across the Commonwealth. Over the past 12 years, United Way has raised $29.7 million for our communities through the Community Investment Tax Credit. We are proud to partner with Secretary Augustus and EOHLC to mobilize resources that build internal capacity of CDCs, expand their programs and services, and advance impact in the community.”
###
Media Contact
