The Community Investment Tax Credit (CITC)

The Community Investment Tax Credit (CITC) is a program that incentivizes private investment in community development projects, especially in underserved areas. It allows taxpayers to receive tax credits when they invest in qualified organizations that support local growth, such as affordable housing or community facilities. Essentially, if individuals or businesses contribute to these initiatives, they can lower their tax bill. This encourages investment, helps communities thrive, and addresses social issues by funding projects that improve living conditions and economic opportunities for residents.