The collapse of Silicon Valley Bank is significantly impacting MACDC's members who are working to build and preserve affordable housing to Massachusetts.
Welcome to MACDC - The Massachusetts Association of Community Development Corporations
At Our Core
MACDC is an association of mission-driven community development organizations dedicated to creating places of opportunity where ALL people can live with dignity while participating in and benefiting from our Commonwealth's economy.
Learn more about:
Support the Extension and Expansion of the Community Investment Tax Credit (CITC) Program
This legislative session, MACDC is leading the charge to pass legislation that will eliminate the program’s 2025 sunset and expand the statewide cap on donations from $12 million to $15 million, so that in partnership with the Commonwealth, the community development field can continue to flourish and meet the ongoing needs of community residents.
CLICK HERE to show your support!
Because of CITC...
Worcester Common Ground created "the position of Resident Services Coordinator, which acts as a link for our tenants to receive services such as EBT/SNAP, WIC, advice with improving credit and applying for mortgages, as well as helping with accessing healthcare and various community-based programs. The Resident Services Coordinator position has added greatly to the network of services and support that Worcester Common Ground can directly provide and it builds authentic relationships and a sense of community between our staff and residents."
What is it?
A 50% refundable state tax credit for qualified donation of $1,000 or more.
A few quick CITC points since its launch in 2014:
- An incredible program supporting over 55 community-based nonprofits
- Over $100,000,000 raised for participating CDCs
- Over 15,000 donations
|Homeownership Program Assistant||Valley Community Development||03/08/2023|
|VITA Program Assistant||The Neighborhood Developers||01/23/2023|
As I start to pack up my office after nearly 30 years at MACDC, I have been thinking a lot about the past, present, and future of the CDC sector in Massachusetts. Yes, the old photos and documents bring back memories, but they also inspire excitement about what is possible in the future.
Since its inception in 2014, the Massachusetts Community Investment Tax Credit (CITC) program has been an integral and reliable source of funding for Community Development Corporations (CDCs) across the state. Despite the still many unknowns and knowns of the COVID-19 pandemic, CDCs raised over $16.5 million.
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