The 2024 Community Investment Tax Credit (CITC) Annual Report highlights the achievements of certified Community Development Corporations (CDCs) and Community Support Organizations (CSOs) in Massachusetts, emphasizing the requirement for these organizations to submit annual reports on their outcomes, which must be made public. The report underscores the importance of maintaining a list of certified CDCs, which must include representation from low- and moderate-income individuals on their boards, and notes that the director of housing and community development is responsible for this list, with organizations needing recertification every four years. In 2024, $13,370,000 in tax credits was awarded to 52 certified CDCs and 2 CSOs, funding various successful initiatives aimed at affordable housing and community support.

The bill also outlines specific initiatives by organizations such as Worcester Common Ground, Hilltown CDC, and Community Teamwork to enhance affordable housing and community support. Worcester Common Ground is developing condominiums for families earning 80% of the Area Median Income, while Hilltown CDC has renovated a high school to create subsidized housing units and expand small business assistance. Community Teamwork's Summer Street Housing project will provide efficiency apartments for residents transitioning from homelessness, focusing on a supportive housing model. Additionally, the bill mandates that certified CDCs submit an annual GOALs survey to the Massachusetts Association of Community Development Corporations (MACDC) and includes the insertion of the "CITC Dashboard" and "CITC Impact Report" to improve tracking and reporting on these initiatives.