The first year of development under the Community Investment Tax Credit program is just completed with some outstanding results for Pioneer Valley community development organizations. For example, Hilltown Community Development Corporation raised $90,000 with the CITC incentive, tripling its fundraising over the prior year. Valley CDC raised roughly the same amount and was in the happy position of having to retrieve credits that it had assigned to another nonprofit organization.
Fundraising for 2015 is now underway with the bar raised for the CDCs that have had such great results in the first year of the program. As always, if you are interested in learning more about the program, you can visit the MACDC website at http://www.macdc.org/community-investment-tax-credit. If you want to donate to some outstanding local community organizations doing transformative work or to learn more about their programs, check out http://www.valleycdc.com/ and http://www.hilltowncdc.org/.
Congratulations to all the community organizations and thanks to the Department of Housing and Community Development and the Department of Revenue for their efforts in making this program such a success.