Community Investment Tax Credit Allocations Announced!
MACDC is thrilled to join with Governor Patrick and the Commonwealth’s Department of Housing and Community Development in announcing the awarding of $3 million in tax credits to 38 nonprofits in Massachusetts.
The Community Investment Tax Credit provides a 50% refundable tax credit to donors who invest in the Certified CDCs allocated tax credits through today’s award. As a result, a total of $6 million will be made available this year to the participating organizations.
“The Community Investment Tax Credit will leverage private dollars for the state’s best CDCs so they can undertake high-impact, resident-led community development,” said Joseph Kriesberg, President of MACDC. “What is particularly exciting about this program is the way it brings together the public sector, the private sector and local communities to forge creative, bottom-up solutions that yield real results. This program will help to ensure that every community and every family has a better opportunity to fully participate in our economy.”
For a complete list of all CDCs allocated tax credits through the Community Investment Tax Credit program, CLICK HERE.
To learn more about the Community Investment Tax Credit program, CLICK HERE.
Mass Nonprofit News (11/11/14)
United Way of Mass Bay & Merrimack Valley Press Release
This Place Matters, Radio Interview with Joe Kriesberg & Jay Coburn