The Massachusetts Housing Investment Corp. (MHIC) has received a tax credit allocation award of $105 million from the U.S. Treasury Department to help stimulate growth and create jobs in low-income communities.

The Treasury selected 70 organizations to receive $3.5 billion in tax credits. MHIC was one of only three organizations nationwide to receive more than $100 million.

Two other Massachusetts organizations also received tax credit allocation awards. Wainwright Bank received $25 million and MassDevelopment received $30 million.