HARRISBURG – Gov. Tom Wolf announced the approval of nearly $18 million in tax credits through the Neighborhood Assistance Program (NAP) to support 136 community revitalization projects across the commonwealth.
NAP encourages private sector investment into projects that will help improve distressed communities.
“Fostering public-private collaboration and encouraging investment are some of the best ways we can revitalize low-income areas,” Wolf said. “When we lift up our distressed communities, we lift up the entire commonwealth.”
The tax credits will support:
- Thirteen community investments in the central region of Pennsylvania in Adams, Clinton, Cumberland, Dauphin, Franklin, Huntingdon, Juniata, Lycoming, Mifflin, Perry and York counties
- Forty-three community investments in the southwest region of Pennsylvania in Allegheny, Armstrong, Beaver, Blair, Butler, Cambria, Fayette, Greene, Indiana, Washington and Westmoreland counties
- Thirty-five community investments in the southeast region of Pennsylvania in Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia counties
- Six community investments in the northeast region of Pennsylvania in Lackawanna, Luzerne, Susquehanna and Wyoming counties
- Twenty-six community investments in the northwest region of Pennsylvania in Cameron, Clarion, Clearfield, Crawford, Elk, Erie, Forest, Jefferson, Lawrence, McKean, Venango and Warren counties
- Thirteen community investments in the Lehigh Valley region of Pennsylvania in Berks, Lebanon, Lehigh, Northampton and Northumberland counties
The new approvals raise the four-year total under the Wolf administration to nearly $72 million in NAP tax credits supporting 480 projects statewide. The investment will result in more than $305.4 million in additional funds leveraged through corporate contributions.
NAP provides tax credits to businesses that donate capital to support projects that address neighborhood and community problems – particularly in low-income areas that need it most.
NAP can be used for projects in categories including affordable housing, community services, crime prevention, education, job training, charitable food, blight, special population issues, veteran’s initiatives and long-term community revitalization.
NAP has five main components: the Neighborhood Assistance Program (NAP), Special Program Priorities (SPP), the Neighborhood Partnership Program (NPP), the Charitable Food Program (CFP), and the Enterprise Zone Program (EZP). A description of each of these components is available within the NAP fact sheet.
For more information about the Wolf Administration’s commitment to community development, visit the Department of Community and Economic Development (DCED) Web site or follow on Twitter, LinkedIn, Facebook and YouTube.