Special Info: 2015-16 NAP End of Year Donor Report

ihcda Special ino


Brian Carman
Community Programs Analyst
Indiana Housing & Community Development Authority

Click here for more information about Indiana's Neighborhood Assistance Program (NAP).

Have a staff member who would like to be added to the IHCDA list serve? Have them e-mail communications@ihcda.in.gov.

2015-16 NAP End of Year Donor Report

The Indiana Housing and Community Development Authority (IHCDA) has granted a one week extension to the 2015-16 NAP End of Year Donor Report. NAP recipients must complete this 100% Benchmark report by 5:00 pm on Wednesday April 13th.  The End of Year report is to be completed at www.ihcdaonline.com under 2nd Half Reporting. Agencies who have not sold 100% of their credits, or do not complete the report, will not be considered eligible for the 2016-2017 NAP funding cycle.

For any reporting questions, please contact Brian Carman at bcarman@ihcda.in.gov

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.