March 4, 2014

CMass groups awarded $330K in tax credits

File Photo
95 Grand St in Worcester's Main South neighborhood.

Three community development organizations in Central Massachusetts received a combined $330,000 to increase economic opportunities for low- and middle-income households, the Patrick administration announced today.

The tax credits are intended to boost housing and economic activity through the adoption of community development programs, according to the Department of Housing and Community Development.

"The community investment tax credit will leverage private dollars for the state's best (community organizations) so they can undertake high-impact, resident-led community development," said Joseph Kriesberg, president of the Massachusetts Association of Community Development Corporations.

Statewide, $3 million in tax credits were distributed to 38 community organizations. The program was created through an August 2012 jobs bill, and is available until 2019.

The following local groups each received $110,000:

-Main South CDC in Worcester;

-Oak Hill CDC in Worcester;

-Twin Cities CDC in Fitchburg.

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