NAP is a tax credit program that provides private businesses an opportunity to invest in projects that rehabilitate, expand, or improve buildings or land located within designated enterprise zones. Qualifying projects for NAP must be for serving distressed areas, support neighborhood conservation, and provide opportunities for low-income communities. Additional qualification measures require businesses to invest in affordable housing programs, community services, crime prevention, education, job training or neighborhood assistance. Eligible 501(c)3 non-profit organizations can receive tax credits for businesses that support an eligible community development project.
There are five different components for business tax credit programs: Neighborhood Assistance Tax Credit, Special Programs Priorities, Neighborhood Partnership Program, Charitable Food Program, and Enterprise Zone Program Tax Credit.
For more information about Pennsylvania’s Neighborhood Assistance Program and any questions about the application process, please contact Chris Sandvig, Director of Policy, at firstname.lastname@example.org or Kathryn Schlesinger, Policy Coordinator, at email@example.com.
This flyer summarizes NAP, describes the benefits of NAP, and shows specific organizations in Allegheny County that have received NAP tax credits and how they have utilized this program to improve the community.
If you’re interested in reading the full NAP legislation that proposes doubling the funding for PA, check out the full document here.
If your organization is looking to apply for NAP, follow this link: http://dced.pa.gov/programs/neighborhood-assistance-program-nap/#.WEBHBtUrLIU
If you’re curious to learn more about NAP, here are the most up to date NAP guidelines to review.