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.”…