Local Community Groups Receive $850,000 in State Tax Credits

 by TWIW StaffOctober 6, 2021

Governor Charlie Baker’s office announced $9.7 million in tax credits from the 2021 Community Investment Tax Credits program. The program issued tax credits to 53 community development corporations [CDCs] and Community Service Organizations [CSOs] across Massachusetts.

The credits intend to help organizations enhance their fundraising and organizational capacity, and support their efforts to increase economic opportunity for low- and moderate-income residents.

Certified CDCs provide community services, including financial literacy education, youth services, first-time homebuyer education and counseling, small business support, and other local economic and community development activities. Many CDCs also develop, preserve, and manage local affordable housing portfolios and receive funding or tax credit allocations through DHCD’s affordable housing development programs.

Of the 53 organizations receiving tax credits, five were in Worcester:

  • Main South CDC:  $150,000
  • South East Asian Coalition Central MA:  $50,000
  • Worcester Common Ground:  $150,000
  • Worcester Community Housing: $175,000
  • Worcester East Side: $100,000

New Vue Communities in Fitchburg also received $250,000 in tax credits.

Follow us on The016.com, the social network for Worcester and you!

Latest News

Top menu