5/22/2015 - Town to Conduct Hearing on Proposed NAA Applicants

The Office of Community and Economic Development will conduct a public hearing on Tuesday, May 26th, beginning at 6:00PM, in the 2nd Floor Conference Room of the Old Town Hall, located at 611 Old Post Road, on those applications received from municipal agencies and local non-profit organizations for funding consideration under the State‚Äôs Neighborhood Assistance Act (NAA) program. 

The Town received a total of eight applications from local non-profit organizations for funding consideration under the NAA program.  A summary of the applications that were received prior to the April 27th deadline can be found here.

The Neighborhood Assistance Act Program allows businesses to claim a State tax credit for cash contributions made to qualifying community programs conducted by tax exempt or municipal agencies. The types of community programs that qualify for the NAA tax credit program include, but are not necessarily limited to: energy conservation; employment and training; child care services; neighborhood assistance; substance abuse; open space acquisition; crime prevention programs and affordable housing development. The minimum contribution on which a tax credit may be granted is $250, and the maximum contribution that any non-profit or municipal entity can receive under this program is $150,000.  There are no Town funds involved in this program.

For additional information about the NAA program or any of the applications submitted, please contact the Office at (203) 256-3120.