HLC0000130 COMMERCIAL CONVERSION TAX CREDIT INITIATIVE (CCTCI) Notice of Funding Availability (NOFA)
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Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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The Commercial Conversion Tax Credit Initiative (CCTCI), solicitation number BD-27-1076-OCDDE-HD006-132394, is a grant opportunity issued by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). The program aims to repurpose vacant or underutilized commercial buildings into residential or mixed-use properties. For calendar year 2026, the EOHLC intends to allocate up to $10 million in tax credits, with individual project awards generally limited to $3 million and most expected to fall between $2.5 million and $3 million. To be eligible, projects must involve nonresidential real property under IRC section 168 that was placed in service at least five years prior to conversion and was previously leased or available for lease to office tenants. Completed properties must contain at least two residential units, with at least 80 percent designated as market rate. The application process is competitive and occurs in two stages: pre-applications, which require a $1,500 non-refundable fee and municipal support, were due by September 30, 2026, while full Qualified Conversion Project applications are due by November 13, 2026. Awards are anticipated in February 2027 for projects highly ready to proceed to closing during 2027. Applicants must provide extensive documentation across 14 exhibits, including evidence of site control, construction plans, third-party cost estimates, and residential marketing strategies. Evaluation is based on developer capacity, project readiness, and adherence to minimum statutory criteria, with preference given to properties identified by the MassHousing Technical Assistance Initiative. All submissions must be directed to the HLC office in Boston.
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Boston, MA, 02114, USASet-Aside
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More opportunities from Massachusetts → OCDDEPT06 - Housing Development
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