Community Investment Tax Credit Program (CITC)

CITC: A Win-Win for Everyone

The Community Investment Tax Credit (CITC) program rewards any donation of $1,000 or more to a participating community development organization in Massachusetts like HCA with a 50% refundable state tax credit. This means a $10,000 donation entitles to you $5,000 in state tax credit and the full donation can be claimed as a deduction on your federal taxes. So, for a person in the 35% tax bracket, the actual out of pocket cost of a $10,000 donation is only about $1,500 because they get $5,000 towards Massachusetts taxes from CITC and $3,500 back from a federal tax deduction.

CITC is designed to make it easy for residents to give back to their communities, and in turn, ensure that there is affordable housing and economic opportunities in neighborhoods across Massachusetts. As a designated Community Partner, HCA is a full participant in this program. Your donations to HCA allow us to fund new affordable housing developments, maintain our Homelessness Prevention Program, and continue our daily operations.

CITC persists because it works. Since its inception, it has raised over $49,000,000 for Massachusetts organizations and it continues to motivate donors to give back.

CITC was created by Chapter 238 of the Acts of 2012. The Commonwealth’s Department of Housing and Community Development (DHCD) is the administering agency. CITC requirements are set forth in Chapter 62 Section 6M and Chapter 63 Section 38EE;760 CMR 68.00 and 830 CMR 62.6M.1.

If you are interested in learning more, please contact Jeff Katz at or call (781) 859-5294.

Secure Online Donations can be made here:

For additional reference information please view the links below:

 Community Investment Tax Credits: Donors Investing Over $1K in CDCs Realize Significant Tax Benefits – AAFCPAs (4/27/15)

State officials call new charitable giving tax credit program a success – Boston Globe (4/16/15)