Blunt Announces $166,585 in Neighborhood Assistance Program Tax Credits for Two Kansas City Area Not-for-Profit Organizations
KANSAS CITY – August 19, 2008 – (RealEstateRama) — Gov. Matt Blunt announced today that the Missouri Department of Economic Development (DED) has approved Neighborhood Assistance Program (NAP) tax credits for two Kansas City area not-for-profit organizations totaling $166,585.
Christmas in October has been approved for $86,585 in NAP tax credits. The NAP tax credits will allow Christmas in October to provide services such as furnace replacement, plumbing and electrical correction; and roof repair to over 500 homeowners in distressed areas of Kansas City. Christmas in October acts as a stabilizing force in deteriorating neighborhoods, providing assistance to disabled persons, the elderly and low-income families with children who lack the skills and resources necessary to make needed safety-related home repairs.
Don Bosco Community Center, Inc., been approved for $80,000 in NAP tax credits. The NAP credits will contribute to supporting and intensifying Don Bosco’s Senior Center Homebound Meals Program, the Family Support Center Emergency Assistance Program, the Work Empowerment Program and the Education Center. Through these programs, the Don Bosco Community Center will provide educational, social, and employment services to more than 10,800 individuals annually.
The DED administers the Neighborhood Assistance Program that helps not-for-profit organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions to approved community improvement projects.
Businesses can donate cash, materials, supplies or equipment; technical assistance and professional services; labor; real estate; or stocks and bonds. Credits can equal up to 50 percent of the total amount contributed or up to 70 percent for projects located in most rural areas.
Not-for-profit organizations participating in the NAP program conduct capital campaigns or provide services in the areas of crime prevention, education, job training, physical revitalizations, or community services. The Neighborhood Assistance Program is utilized by not-for-profit organizations throughout Missouri to make their communities a more desirable place to live and work, as well as pave the way for economic development.
Contact:
Keener A. Tippin II (573) 751-9065
