The Indiana Housing and Community Development Authority announced the 2015-16 application for the Neighborhood Assistance Tax Credit Program (NAP) is now open. The Application is open until April 17, 2015 at 5:00 PM/EST. The NAP program provides $2.5 million in tax credits annually to non-profit organizations as a fundraising and capacity building tool. NAP was created by Indiana Code 6-3.1-9 and is administered by IHCDA. NAP credits are worth 50% of the value of a contribution and are deducted from a donor’s state tax liability. Donations are reported to the Indiana Department of Revenue and a credit is given to the donor’s state tax liability.
Please note that new applicants must go to IHCDA’s online management system and register for a new account. You will need the Organization Code once the nonprofit is registered. This information is also available via IHCDA Public Notice.
IHCDA will host two final pre-award webinars:
April 1 at 1:00 PM Eastern
Webinar ID: 140-281-843
April 14 at 10:00 AM Eastern
Webinar ID: 138-847-875
Please contact NAP@ihcda.in.gov if you have any additional questions.
