PA Neighborhood Assistance Program Spared from Budget Cuts - Generocity Philly

Aug. 7, 2014 1:38 pm

PA Neighborhood Assistance Program Spared from Budget Cuts

Pennsylvania’s Neighborhood Assistance Program (NAP), which offers tax credits to businesses that assist nonprofits working in distressed areas, had recently gone from being on the verge of expansion to the chopping block as state representatives have debated the program’s future. The Housing Alliance of Pennsylvania announced earlier this month that the program will be spared […]

Pennsylvania’s Neighborhood Assistance Program (NAP), which offers tax credits to businesses that assist nonprofits working in distressed areas, had recently gone from being on the verge of expansion to the chopping block as state representatives have debated the program’s future.

The Housing Alliance of Pennsylvania announced earlier this month that the program will be spared from budget cuts, but an expansion of the program now seems unlikely.

NAP was created over 40 years ago in an effort to encourage businesses to contribute to their communities. A number of programs within NAP offer tax credits, between 55-80 percent, to businesses that support qualified nonprofits. Some of the programs are long-term, up to five years. Others are one-time donations of money or in-kind support such as pro-bono services and materials.

This spring Rep. Tom Killion introduced a bill to expand and modernize NAP. The bill would have doubled its pool of money and expanded many of its programs, including adding an affordable housing tax credit.

State and local advocacy organizations such as the Housing Alliance of Pennsylvania and the Philadelphia Association of Community Development Corporations came out in support of the bill.

However, bill was put on the back-burner  after the budget season began and cuts to a number of tax credit programs were proposed to increase revenue. There is no sign that the bill will be pushed forward in the near future, according to Liz Hersh, executive director of the Housing Alliance. In the meantime though, businesses and nonprofits can continue to benefit from the program.

For more information on NAP, read the program guidelines here.

Photo via Flickr user arianraven

-30-
LEAVE A COMMENT

From our Partners

How this anchor institution works to help address challenges in the neighborhood

6 professional development conferences nonprofit pros will want to attend

SPONSORED

Generocity Philly

PA Humanities Council helps communities reclaim their stories

Washington, DC

Opportunity Finance Network

Associate, Development

Apply Now
Southampton, PA

HealthLink Dental Clinic

Major Gift Officer

Apply Now
1424 Chestnut St. Philadelphia, PA 19102

Community Legal Services

Major Gifts & Development Officer

Apply Now

PIDC is hoping to spur inclusive growth in Philly with those new Opportunity Zones

SPONSORED

Generocity Philly

Nonprofits and startups can win up to $360K at the WeWork Creator Awards

Philadelphia, PA

Liberty Resources Inc.

ODP Program Manager

Apply Now
Philadelphia

Knight Foundation

Part-time Assistant/Community and National Initiatives

Apply Now
Center City Philadelphia

CultureWorks Greater Philadelphia

Chief Commons Director

Apply Now

Sign-up for daily news updates from Generocity