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