NeighborWorks Housing Solutions Receives $300,000 Community Investment Tax Credit Allocation

Filed Under: Philanthropy, More News
KINGSTON, QUINCY, TAUNTON, BROCKTON, NEW BEDFORD, FALL RIVER, MA ISSUED MAY 28, 2024…NeighborWorks® Housing Solutions (NHS; www.nhsmass.org), the leading housing service provider in southern Massachusetts, is proud to be the recipient of a $300,000 allocation from the Community Investment Tax Credit (CITC) program.
CITC is a Massachusetts state tax credit program designed to support Community Development Corporations (CDCs), such as NeighborWorks Housing Solutions, to increase their capacity and impact locally. CITC provides a 50% state tax credit for donations made to specific vetted CDC nonprofits in the Commonwealth.
Individuals, corporations, and nonprofit organizations are all eligible to participate in the CITC tax credit program.  In addition to the state tax credit that the donor receives, the donation is eligible for the federal tax donation. As such, donors also enjoy the opportunity to support a meaningful organization that provides services and education locally.
NeighborWorks® Housing Solutions is the leading housing service provider in southern Massachusetts. NHS has more than 70 years of combined experience in the community development field and provides services to more than 20,000 households in over 75 cities and towns across the region. In addition to building and managing nearly 900 units of housing for veterans, homeless families and others in need, the agency offers a wide range of housing services, including foreclosure prevention counseling, home rehabilitation loans and grants, financial coaching and first-time homebuyer workshops. For more information, contact call 617-770-5217 or visit www.nhsmass.org.