BOSTON — Gov. Maura Healey announced $12.8 million in Community Investment Tax Credits (CITC) to 52 Community Development Corporations and Support Organizations across Massachusetts.
These awards will support local nonprofit organizations as they advance affordable housing development and preservation, strengthen neighborhood-based programs, and expand economic opportunity in communities across the state.
In Berkshire County, Community Development Corporation of South Berkshire was awarded $225,000.
The CITC program provides a 50 percent refundable state tax credit that incentives donors to contribute funds to Community Development Corporations and support organizations. Since its creation in 2012, the program has been an important source of flexible funding for community-based organizations supporting affordable housing development and preservation, community planning, economic development, homeownership assistance, financial education, foreclosure prevention and workforce development. The Affordable Homes Act, signed into law by Governor Maura Healey in 2024, expanded the program and established a permanent funding source for CITC.
"We are focused on building more housing and lowering costs across Massachusetts. Communities know best what they need to grow and succeed, and the CITC program gives them the resources they need to deliver," said Governor Maura Healey. "These investments will help build more housing, support small businesses and strengthen neighborhoods across Massachusetts. We’re proud to partner with all 52 communities receiving awards to create opportunity and make our state more affordable."
The CITC 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 state. Community partners do this through Community Investment Plans that guide programs, policies and activities tailored to local needs.
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