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? Click here to access a program summary, 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 60% Benchmark Report

Agencies that are participating in the 2018-2019 program year must submit their 60% Benchmark Report on January 7th, 2019. The report should be submitted through https://ihcdaonline.com/. Directions for submitting the report can be found here

2017-2018 NAP Expenditure Close-out Report

The 2017-2018 NAP Expenditure Close-out Report is now available to all agencies who participated in the 2017-2018 Program year. It is due September 30, 2018.

Click here to complete the report.

The information gathered in this report is used to detail how NAP funds were used to meet the eligibility criteria of a NAP funded project.