Neighborhood Assistance Program (NAP) Workshop
The NAP is not traditional funding as many in the revitalization field have come to think of it. Instead the Commonwealth’s NAP is a series of tax credit allocations that are used to support local revitalization efforts. This workshop is designed to provide the attendee with the basic information that they will need to take advantage of this unique funding source.
The NAP program also includes: the Neighborhood Partnership Program (NPP), the Special Program Priorities (SPP), the Charitable Food Program (CFP), and Enterprise Zone Tax Credit (EZP).
These programs can assist in providing support for a number of community and economic development activities such as: job training, crime prevention, housing rehab & weatherization, diversity initiatives, rural transportation initiatives, as well as staff time to deliver these services! And, these programs can be incredibly helpful in further enhancing existing or developing private partnerships. Don’t forget that as a Keystone Community Main Street or Elm Street program, you automatically qualify to apply for the NAP programs, without having to prove being “distressed”.
The agenda for the program will include
- Explaining how tax credit funding differs from grant funding.
- The five different types of NAP tax credit categories (NAP, NPP, SPP, CFP and EZP).
- The Commonwealth’s corporate taxes covered by the NAP tax credit and who might pay them.
- Who can apply for each type of tax credit.
- The non-profit/private sector partnerships required to effectively apply for tax credits.
- A review of eligible activities for each type of tax credit.
- The important definitions that you will need to understand to apply.
- The tax credit application and approval process.
- The difference between being “awarded” a tax credit and “using” the tax credit.
Please note that this session will NOT deal with specific issues related to the status of previously awarded tax credits. The details of individual tax credit awards that have been made previously by DCED are unique to each community and each project, and PDC is not privy to those details. Communities that may be dealing with vary project specific, existing NAP project questions should contact the appropriate staff person at DCED.
Monday, February 12, 2018
9 AM - 3:30 PM
Commonwealth Keystone Building
400 North Street
Harrisburg, PA 17120
Keystone Building Meeting Center - First Floor
The Meadow (Open Meeting Area)
- 9:00 – 9:30 AM – Continental Breakfast
- 9:30 – 9:45 AM – Welcome and Introductions
- 9:45 – 12:00 PM – Educational Workshop
- 12:00 – 1:30 PM – Lunch on your own
- 1:30 – 3:30 PM – Educational Workshop (con’t) and Q&A