Every day, in neighborhoods and cities across the Commonwealth, Community Development Corporations (CDCs) are working hard to spur affordable housing and job creation, incubate small businesses and revitalize neighborhoods.

United Way was a leading advocate for the legislative passage of the program. The CITC offers individuals, corporations, and nonprofit institutions the opportunity to obtain a 50% Massachusetts state tax credit and up to a 35% federal tax deduction (depending on your tax bracket), while investing in the economic development of communities that need help most.

Since the program’s inception in 2014, United Way has raised over $4 million from donors to support CDCs across the state through the Community Investment Tax Credit (CITC). The CITC program is fostering deepened community engagement efforts, and expanding community development programming in local communities.

EARN A 50% TAX CREDIT1st Year Tax Savings Example (Assuming 35% Tax Bracket)

Please consult your tax advisor to confirm your tax implications.Tax credits are limited; availability is first-come, first-served.

Even if you have no tax liability in Massachusetts, you will still receive a full 50% refund in addition to your federal deduction.

Your Donation $ 10,000

Community Investment Tax Credit $ 5,000

Federal Tax Deduction (35%) $ 3,500

Total Tax Savings $ 8,500

Final out-of-pocket donation $ 1,500

TOTAL BENEFIT TO $ 10,000FUNDED ORGANIZATION

We invite donors to benefit from this tax credit by contributing to the United Way Community Partnership Fund, (established by the Department of Housing and Community Development) to raise and distribute funds to eligible CDCs across the Commonwealth.

From 2015 though 2019, $6 million in credits will be

available each year.

AVAILABILITY

TAX CREDIT

COMMUNITYINVESTMENT

A Win-Win for Donors and the Community

Minimum Donation: $1,000 for a $500 creditMaximum Donation: $2 million for a $1 million credit

GIVE

To learn more, please contact Susan Dickason at 617-624-8243 or sdickason@supportunitedway.org

Visit UNITEDWAYMASSBAY.ORG/GIVE/CITC/

HIGH IMPACT COMMUNITY DEVELOPMENT LOCAL RESULTS

ACT Lawrence

Allston Brighton CDC

Asian CDC

CDC of South Berkshire

Codman Square NDC

Dorchester Bay EDC

Fenway CDC

Franklin County CDC

Groundwork Lawrence

Jamaica Plain NDC

Lena Park CDC

LISC

MACDC

Madison Park Development Corp

Main South CDC

NeighborWorks of Southern Mass

New Vue (FKA Twin Cities CDC)

NOAH

North Shore CDC

Nuestra Comunidad

Oak Hill CDC

Quaboag Valley CDC

Somerville Community Corp.

South Boston NDC

Southwest Boston CDC

Valley CDC

WATCH

Worcester Common Ground

This work, done across the Commonwealth, creates thriving communities with opportunities for all to participate in, and benefit from, a growing economy.”

– Jay Ash, Massachusetts Secretary of Housing and Economic Development

Since the program’s inception in 2014, the CITC program has generated over $22.8 million in private investments across Massachusetts.

Tax Credits will be utilized by Community Development Corporations (CDCs) for affordable housing, job training, business development, neighborhood revitalization and other vital economic development projects.

Last year, CDCs across Massachusetts achieved the following:

The following CDCs are participating in the United Way Community Partnership Fund:*

In partnership with:

To make a gift, go to UNITEDWAYMASSBAY.ORG/GIVE/CITC/ or send a gift to Attn: Susan Dickason United Way of Massachusetts Bay 51 Sleeper Street Boston, MA 02210

*For the most up-to-date list, please visit UnitedWayMassBay.org/CITC

OF RENTAL HOUSING

19,000 UNITS

PROVIDED MORE THAN

1,643 HOMES

BUILTOR PRESERVED WITH TRAINING,

TECHNICAL ASSISTANCE OR LENDING

SUPPORTED 3,110 ENTREPRENEURS

OFFERED FIRST-TIME

HOMEBUYERCLASSES FOR OVER 7,900 PEOPLE OBTAIN JOBS

1,912 PEOPLE

HELPED

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