Healey-Driscoll Administration Announces Nearly $12 Million in Community Investment Tax Credits
The CITC Program was created by the Legislature in 2012. It was designed to improve economic opportunities for low- and moderate-income households and other residents in urban, rural, and suburban communities across the commonwealth. The program works through Community Development Corporations (CDCs) partnering with nonprofit, public and private entities to accomplish these objectives. This is the 11th year of program funding, and today’s announcement will support 54 CDCs.
“These funds are a powerful tool for our local Community Development Corporations to help address our state’s housing challenges,” said Governor Healey. “The CITC program provides them with the flexible tools they need to fund new programs, fill funding gaps and leverage other resources to support their communities.”
“We are thrilled to support our local Community Development Corporations that are creating economic prosperity in our neighborhoods,” said Lieutenant Governor Driscoll. “CITC funding is just one piece of our administration’s strategy to increase our housing supply and lower costs so more people can live, work and stay in Massachusetts.”
Lieutenant Governor Driscoll and Secretary Augustus made the announcement at the Hilltown CDC in Chesterfield to underscore the importance of our partnerships and to highlight the significant role these neighborhood organizations play in addressing our housing challenges.
Alex Breiteneicher, Executive Director, Valley CDC, Northampton:
“We are grateful for EOHLC’s commitment to community development across the Commonwealth! The Community Investment Tax Credit is critical for small CDCs like Valley and this award will further our work of increasing equity through affordable housing and small business opportunities.”