WORCESTER, MA — Worcester-based organizations were awarded state funding for affordable housing development and preservation.
Four Worcester were among 52 Community Development Corporations and Support Organizations to receive $12.8 million in Community Investment Tax Credits. The funding is meant to support "local nonprofit organizations as they advance affordable housing development and preservation, strengthen neighborhood-based programs, and expand economic opportunity in communities across the state," Gov. Maura Healey announced on Thursday.
In total, Worcester community organizations were awarded $425,000 from the state.
Main South CDC was awarded $100,000 for its neighborhood revitalization and affordable housing development, the Southeast Asian Coalition of Massachusetts was awarded $150,000 for its culturally specific workforce and youth services, Worcester Common Ground was awarded $75,000 for its tenant advocacy and community organizing and Worcester Community Housing Resources Inc. was awarded $100,000 for its affordable housing and homeownership support.
“We are focused on building more housing and lowering costs across Massachusetts," said Gov. Healey in the announcement. “These investments will help build more housing, support small businesses and strengthen neighborhoods across Massachusetts."
The CITC program, created in 2012, provides a 50 percent refundable state tax credit that incentivizes donors to contribute funds to Community Development Corporations and support organizations. The program has become a key source of flexible funding for initiatives like housing development, homeownership assistance, workforce training, and economic development, according to the state.
The program was also expanded under the state’s 2024 Affordable Homes Act, which established a permanent funding source to support ongoing housing and community development efforts.
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