A rendering of The Apartments on College Avenue. (Source: HDC Mid-Atlantic)

Eight Lancaster County nonprofit organizations have together received $767,640 through a state program that awards tax credits to businesses that contribute to projects in distressed or low-income areas.

The money was part of nearly $36 million distributed to 220 community revitalization projects through the state Department of Community & Economic Development's Neighborhood Assistance Program.

(Source: Pa. DCED)
(Source: Pa. DCED)

This year, priority was given to projects dealing with the Covid-19 pandemic, social justice, and "improving opportunities for marginalized populations," DCED said. The awards were announced this week.

The Neighborhood Assistance Program has five components:

  • NAP: Neighborhood Assistance Program
  • SPP: Special Program Priorities
  • NPP: Neighborhood Partnership Program
  • CFP: Charitable Food Program
  • EZP: Enterprise Zone Program

 

"Communities from every corner of Pennsylvania will benefit from this funding – the result of public-private partnerships and cooperation," Gov. Tom Wolf said in a statement.

Tax credits lower businesses' tax liability. Credits awarded through the Neighborhood Assistance Program range from 25% to 80% of the eligible amount contributed, depending on the sub-program.

One United Lancaster
Latest posts by One United Lancaster (see all)