Brownfields Tax Credit Program
The Brownfields Tax Credit Program is administered by the Massachusetts Department of Revenue. It offers eligible businesses and nonprofits a tax credit for the costs incurred in a brownfields remediation project. Brownfields tax credits may be used against state tax liabilities, or transferred or sold to third parties.
Low-Income Housing Tax Credit
Eligible multifamily rental projects can apply for an allocation of low-income housing tax credits, if over 50% of the total development costs are being financed with tax-exempt bonds issued through MassDevelopment. Availability of low-income housing tax credit equity varies with market conditions.