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HD 4798

A communication from the Executive Office for Housing and Livable Communities (see Section 6M(c)(8) of Chapter 62 and Section 38EE(c)(8) of Chapter 63 of the General Laws) submitting the Community Investment Tax Credit (CITC) annual report for calendar year 2024

194th Legislature (2025-2026)

Massachusetts submits its 2024 Community Investment Tax Credit annual report documenting program performance and compliance with housing/community development investment incentives.

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Bill Summary · HD 4798

Legislative bill overview

This bill transmits the 2024 annual report from the Executive Office for Housing and Livable Communities on the Community Investment Tax Credit (CITC) program. The CITC is a state tax credit mechanism designed to incentivize private investment in community development projects, particularly in housing and livable communities. The report documents the program's performance, compliance, and outcomes for the calendar year 2024.

Why is this important

The CITC program uses tax incentives as a policy tool to direct private capital toward housing development and community improvement in areas that might otherwise struggle to attract investment. Annual reporting on this program provides transparency about whether the tax expenditure (foregone state revenue) is achieving its intended outcomes and helping to address Massachusetts' housing affordability challenges.

Potential points of contention

  • Tax expenditure efficiency: Questions about whether the foregone tax revenue produces sufficient community benefit compared to direct public spending on housing and development
  • Geographic equity: Concerns that tax credit incentives may concentrate benefits in certain regions or neighborhoods while bypassing others with equal need
  • Accountability and verification: Debate over whether current reporting mechanisms adequately track long-term outcomes, job creation, affordability maintenance, and community benefit claims made in CITC project proposals

Compiled from official sources — confirm details with the bill’s official record.

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