June 22, 2017
 
State Awards $6M in Credits to 46 Nonprofits to Spur Growth

May 27, 2017 — Forty-six nonprofits across Massachusetts focused on community development recently were awarded $6 million in state tax credits aimed at helping them partner with nonprofit, public, and private entities to improve economic opportunities for low- and moderate-income households and communities.

The funding, awarded earlier this month from the Community Investment Tax Credit program, provides up to $150,000 in credit allocations to certified community development corporations (CDCs). Individuals, corporations, and other entities that make a cash contribution resulting in a qualified investment to an awarded CDC will earn tax credits equal to 50% of the total qualified investment made by the taxpayer.

Joseph Kriesberg, President & CEO of the Massachusetts Association of Community Development Corporations, said, “These tax credit allocations are going to empower locally-driven, public-private partnerships that will expand economic opportunity and improve the quality of life in every corner of our state.”

Receiving the credits were the following:
  • ACT Lawrence: $50,000
  • Allston Brighton CDC: $150,000
  • Asian CDC, Boston: $135,000
  • Codman Square NDC, Dorchester: $150,000
  • Community Development Partnership, Eastham: $120,000
  • Community Teamwork Inc., Lowell) : $129,615
  • Dorchester Bay EDC: $79,615
  • Downtown Taunton Foundation: $50,000
  • Fenway CDC, Boston: $150,000
  • Franklin County CDC, Greenfield: $129,615
  • Groundwork Lawrence: $150,000
  • Harborlight Community Partners, Beverly: $150,000
  • HAP Housing, Springfield: $150,000
  • Hilltown CDC, Chesterfield: $150,000
  • Housing Assistance Corp. Cape Cod: $150,000
  • Housing Corp. of Arlington: $129,615
  • Housing Nantucket: $150,000
  • Inquilinos Boricuas en Acción,, Boston: $129,615
  • Island Housing Trust, Martha’s Vineyard: $150,000
  • Jamaica Plain Neighborhood Development Corp: $150,000
  • Just-A-Start, Cambridge: $125,000
  • Lawrence Community Works: $150,000
  • Lena Park CDC, Dorchester: $50,000
  • Local Initiatives Support Coalition Boston: $129,615
  • Massachusetts Association of Community Development Corporations, Boston: $150,000
  • Madison Park CDC, Roxbury: $150,000
  • Main South CDC, Worcester: $125,000
  • NeighborWorks, Quincy: $129,615
  • NewVue Communities, Fitchburg: $150,000
  • Neighborhood of Affordable Housing, East Boston: $150,000
  • North Shore CDC, Salem: $129,615
  • Nuestra Comunidad, Roxbury: $150,000
  • Oak Hill CDC, Worcester: $129,615
  • Quaboag Valley CDC, Ware: $129,615
  • Revitalize CDC, Springfield: $150,000
  • Southern Middlesex Opportunity Council, Framingham: $150,000
  • Somerville Community Corp. : $150,000
  • South Boston NDC: $79,615
  • Southwest Boston CDC, Hyde Park: $60,000
  • The Neighborhood Developers, Chelsea: $150,000
  • Urban Edge, Roxbury: $150,000
  • Valley CDC, Holyoke: $150,000
  • WATCH CDC, Waltham: $129,615
  • WHALE, New Bedford: $129,615
  • Worcester Common Ground: $150,000
  • Worcester East Side CDC: $100,000

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