CT Neighborhood Assistance Act Proposals Welcome

The Town of Windsor Office of Community Development is soliciting program proposals from community non-profit organizations and municipal agencies, for funding consideration, under the Neighborhood Assistance Act (NAA) program. Applications are due by the close of business on May 25^th.

The Connecticut Neighborhood Assistance Act (NAA) is a State Tax Credit Program designed to provide funding for municipal and tax exempt organizations by providing a corporation business tax credit for businesses who make cash contributions to these entities.

The types of community programs that may 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.

Businesses can receive a credit of 60% of their approved contribution to certain programs (or 100% in the case of certain energy conservation programs) approved by the Department of Revenue Services. 

The program has several statutory limits, including the following:

• A business is limited to receiving $150,000 in tax credit annually.
• A non-profit organization is limited to receiving $150,000 in contributions in the aggregate.
• The minimum contribution on which credit can be granted is $250.
• The program has a five million dollar cap, which, if exceeded, results in proration of approved donations.

For further information please refer to the Neighborhood Assistance Act Tax Credit Program on the Connecticut Department of Revenue Services website as the town’s role is primarily administrative.

Applications can be submitted either in paper or via email and are due by the close of Business on May 25^th. Paper applications should be delivered directly to the Community Development Office at Town Hall. Email applications must be sent to reydecastro@townofwindsorct.com. Please call 860-285-1985 to ensure your application has been received.