Percentage of JPNDC’s 2020 tax credits committed as of 2/26/20
What is the CITC?
A program passed by the legislature in 2012 as part of a larger bill to promote economic growth in Massachusetts
The goal of the CITC, according to the statute creating it, is to help community development corporations “improve economic opportunities for low- and moderate-income households and other residents in urban, rural and suburban communities across the Commonwealth.”
JPNDC is certified by the Mass. Dept of Housing & Community Development to participate in the CITC program and has one of the largest pools of tax credits to distribute