IHCDA Partners: Neighborhood Assistance Program (NAP)

Neighborhood Assistance Program (NAP)

The Neighborhood Assistance Program (NAP) offers $2.5 million in tax credits annually for distribution by not-for-profit corporations. Organizations use NAP tax credits as an incentive to help them leverage more contributions from individuals and businesses for certain neighborhood-based programs and projects. Eligible projects include affordable housing, counseling, child-care, educational assistance, emergency assistance, job training, medical care, recreational facilities, downtown rehabilitation, and neighborhood commercial revitalization. All projects must benefit economically disadvantaged areas and/or persons. The NAP program follows the state fiscal year from July 1 to June 30. The maximum tax credit award per organization per fiscal year is $40,000.00. Tax credits are distributed to donors at 50% of the contribution amount and are subtracted from a donor's state income tax liability. Indiana Code 6-3.1-9 established the NAP program.

Want to learn more about the tax credits for your non-profit? Please contact the Community Programs Analyst at (317) 232-7777 or via email at NAP@ihcda.in.gov to learn about IHCDA's NAP Program and process.

2018-2019 Neighborhood Assistance Program

The 2018-2019 Neighborhood Assistance Program (NAP) funding application is now open. The application will remain available for completion until 5:00 pm Eastern Standard Time (EST) on Monday, April 23, 2018. Any applications received outside of this timeline will not be considered for funding.
Important Note: The application will be completed online and cannot be saved. Therefore, it must be completed in one sitting. IHCDA has provided a sample PDF application for applicants to review ahead of time in order to prepare responses prior to submission.

Click here to access the 2018-2019 sample NAP Application

Click here to access the 2018-2019 NAP online application

For any questions regarding the application, please contact Veda Morris May.