neighborhood assistance program application workshop fiscal year 2013-2014
TRANSCRIPT
Neighborhood Assistance Program Application Workshop Fiscal Year 2012-2013
Neighborhood Assistance Program Application Workshop Fiscal Year 2013-2014
Community Development StaffJ. Jacob Sipe, Executive Director & Chief Real Estate Development Officer
Lori Dimick, Deputy Director of Community Services
Evan R. Shearin, Community Services Analyst
What is NAP?Neighborhood Assistance Program (NAP) offers up to $2.5 million in tax credits annually for distribution by 5013 not-for-profit corporations.
Indiana State Code 6-3.1-9 establishes the NAP Program.
NAP gives the donor incentive to contribute to an organization by giving a tax credit on their state income taxes for exactly 50% of the donation amount
Goals of NAPProvide organizations with a tool to increase charitable contributions & build donor base
Provide Indiana citizens & businesses an incentive to contribute to not-for-profit corporations.
Serve as a creative way to improve the standard of living & quality of life for all Hoosiers.
Award AmountsMaximum Award Amount = $40,000 in tax credits ($80,000 leveraged donations)
Minimum Award Amount = $1,000 in tax credits ($2,000 leveraged donations)
Award TermAward Term = 23 Months (August 1, 2013 June 30, 2014)
By 6/30/14 (Year 1)-100% tax credits must be sold
By 6/30/15 (Year 2)-Project must be completed & all donations leveraged from NAP award must have been spent
Eligible Activities HOUSINGAffordable Housing Construction Affordable Housing RehabilitationCommunity RevitalizationEmergency Shelter HousingEnergy Efficiency ProjectsAging in Place ProjectsEnding Homelessness Projects
COMMUNITY SERVICESChild Care ServicesCounseling ServicesEducational AssistanceEmergency Food AssistanceJob TrainingMedical Care ServicesRecreational FacilityTransportation ServicesComprehensive Community Development Projects
Eligible ActivitiesReligious Organizations
May not engage in inherently religious activities as part of NAP assistance
May not discriminate against a program beneficiary or prospective beneficiary on the basis of religious belief
May not require participation in religious services as condition of benefits.
Eligible ProjectsFunds leveraged with NAP Tax Credits may only be used to fund the following projects:
Support for a new project implemented by the applicant
Continuation of a current project implemented by the applicant
Eligible CostsSalaries and benefits of an individual that provides a direct service to beneficiaries (must be an employee of the applying agency)
Basic construction materials
Skilled labor for construction projects
Ineligible CostsAdministration Costs: Executive Directors, Administrative Assistant, Consultants, Office Supplies, Rent, Utilities
Complimentary / Non-Stationary Building Materials: Appliances, Furniture, Home Accessories, Landscaping, Driveways
* If you have any questions about what is eligible, contact your NAP Coordinator at [email protected].
NAP Reporting Process2013-2014: Semi-annual Reporting All semi-annual reports will be submitted electronically
Once awarded, agency submits Electronic repots as follows:Electronic report via the computer
MonitoringRandom Site VisitsVisit the projectsIn conjunction with other business in your area
Program File Audits20% of the recipients will be selected Randomly selected
Application Process Threshold and CompletenessApplication and all required exhibits and attachments are submitted on time to IHCDAMeets list of items under Threshold CriteriaIf an application fails threshold, it will not be awarded NAP tax credits.AllocationApplications that pass the completeness and threshold reviews are then allocated a tax credit amount according to IHCDAs allocation method.
Threshold CriteriaTo be considered for a tax credit allocation award, an applicant must meet all of the criteria listed. Applications that fail to meet any of these criteria will not be considered for funding. All required supporting documentation must be included in the application.
The applicant must be a 501(c)3 not-for-profit corporationEach new applicant must attend 1 Application training & 1 Award training. Returning applicants arent required to complete this trainings.
Threshold Criteria (cont.)The applicant must provide community services in an economically disadvantaged area by:
Meeting 2 of 3 Economic Factors of Disadvantaged Area
Applicants must provide a budget outlining the uses of funds for the project.
Must sell 100% of credits in previous year (for returning applicants)
CompletenessSubmit:
1 original electronic application other documentation must be sent to IHCDA via mail with original signatures.
Applications must be received no later than 5pm(EST) on the published due date (03/29/13)
NO EXCEPTIONS
Allocation MethodTax Credit Allocation based on five factors:
Applicants receipt of NAP tax credits in the previous three yearsApplicants who pass threshold and completenessTotal Amount of Tax Credits RequestedTotal Amount of Tax Credits AvailableActivity Type (Housing or Community Development)
Allocation formulaThe formula for calculating the award amount for each eligible applicant is as follows:
Total Amount of Tax Credits Available divided by Total Amount of Eligible Tax Credits Requested, which provides the Tax Credit Allocation Percentage.
The Tax Credit Allocation Percentage is multiplied by the Eligible Applicants Tax Credit Request.
Funding LimitationsAn organization has received a NAP award in one or more of the last 3 program years= eligible for up to $40,000
An organization has not received a NAP award in the last 3 program years = eligible for up to $15,000
IHCDAonline.comIs where you will submit your application and you will be required to have a username and password
NAP Important DatesOnDemand Application Webinar Available February 1, 2013
Application posted on ihcdaonline.com March 1, 2013 Applicants due date March 29, 2013 Award Announcements posted on IHCDA websiteMay 28, 2013OnDemand Award Webinar AvailableMay 3, 2013
Other important informationPlease do not send your application to IHCDA
Unlimited number of staff members may attend webinars
Only one employee must be the Point of Contact for your organization
The End
Thank You for attending
2013-2014 NAP Policy is on IHCDA Web site: http://www.in.gov/ihcda/2526.htm
NAP Questions & Concerns send to [email protected]
You MUST complete a questionnaire to obtain credit for attending this webinar/training which is required for new NAP applicants it is located at https://www.surveymonkey.com/s/NeighborhoodAssistanceProgramApplicationQuestionaire