Massachusetts Offers Tax Credits For Community Investments

Mar 4, 2014

In a first of its kind program for Massachusetts, state tax credits will be offered through local community development corporations.

   Up to $33 million in tax credits will be available over the next six years to private investors who put money into community revitalization programs, according to the Massachusetts Undersecretary for Housing and Community Development, Aaron Gornstein.

   " We are looking forward to seeing new revitalization projects including affordable housing, small business assistance, and home ownership programs to help revitalize neighborhoods and help low and moderate income people."

   $3 million in tax credits will be available for the first year of the program through 38 organizations including in Springfield, Franklin and Berkshire Counties.