Description
The Commonwealth of Massachusetts is offering tax‑credit incentives through the Commercial Conversion Tax Credit Initiative (CCTCI) to encourage the conversion of existing commercial properties into primarily residential multifamily or mixed‑use projects. Eligible projects must contain at least two residential units, with a minimum of 80 % market‑rate housing, and must demonstrate compliance with zoning, environmental, and sustainability requirements. Up to $10 million is available in the 2026 pool, with a maximum credit of $3 million per project (10 % of eligible development costs). The process includes a pre‑application phase, a Q&A period, and a full Qualified‑Conversion‑Project (QCP) application, with deadlines spanning September through November 2026. Preference is given to projects in designated Technical Assistance Initiative municipalities, larger projects (> 50 units), and those with municipal support or green design elements.