We were honored to host Lieutenant Governor Karyn Polito at Hibernian Hall on Tuesday, April 3rd, as she announced $5.9 million in allocations to 46 CDCs through the Community Investment Tax Credit program. MPDC is honored to be one of the CDCs in the Commonwealth to receive an allocation in 2018. CITCs allow donors to invest in community development in Massachusetts and receive half of their gift back as a tax credit. These funds are helping CDCs to work with residents in their communities by providing vital affordable housing options, access to services and capital for aspiring entrepreneurs as well as programs and services to ensure that community residents can not only become stabilized, but thrive and benefit from our Commonwealth’s economy.
“The Community Investment Tax Credit Program is a unique tool to encourage private investment,” said Lieutenant Governor Karyn Polito. “From instituting new lead paint programming in Central Massachusetts, to bringing on a full-time community planner in Boston’s Chinatown, our CDCs have leveraged significant funding to bring impactful programming to communities across the Commonwealth.”
“We’re pleased to receive an allocation of CITC and host this important announcement with Lt. Governor Polito,” said our CEO Jeanne Pinado. “The CITC program allowed us to expand community building and engagement programs, in particular, MPDC’s signature youth development initiatives, which have expanded their capacity. CITC helped build a flourishing arts program at Hibernian Hall and secure a major donor to fund the operations for the Dewitt Center, our new community center opening in May 2018.”
To learn about the CITC program, or make a contribution that takes advantage of these tax savings, contact Kay Mathew today.