The Neighborhood Assistance Act (NAA) is a tax credit program that allows eligible companies to donate up to $150,000 to a non-profit organization and then deduct up to 100% of that contribution from their current or immediate past two years’ State tax liabilities. The deadline is October 1st to apply — read on to learn more!
What’s in it for your company and your community?
This program provides an avenue for meaningful community support for nonprofits like ours and the communities we serve. Your support can help you attract socially conscious clients and employees, and it translates into tangible fiscal benefits for your company. By contributing to NHS’s energy conservation programs, you can deduct the exact amount from your state tax liability — meaning your effective contribution cost is zero.
As a thank you for your generous support, we will promote your contribution among our deeply engaged and passionate audience. This means people will see our remarkable partnership across our Facebook, LinkedIn, Instagram, and YouTube pages with a combined annual reach of more than 83,500 viewers and more than 15,000 annual page visits, and you will be formally recognized in our digital newsletter with 4,700+ subscribers. When our audience thinks about who is really making a difference, they will see that you have their backs, just like we do. We are also available to collaborate on individual photo-ops, press releases, blog posts and more upon request to announce your company’s support for our community revitalization work.
Step 1: Determine your eligibility – Are you a business entity authorized to do business in Connecticut and subject to the taxes imposed under Chapters 207, 208, 209, 210, 211, or 212 of the Connecticut General Statutes? If yes, read on!
Step 2: Congratulations! You are eligible to donate up to $150,000 to an approved non-profit energy conservation program and receive a 100% tax credit reducing the amount of your donation from your state tax liability. Contact our Resource Development Manager by Sept 15th to discuss your donation options! Jett Jonelis at jjonelis@nhsofnewhaven.org or 203-562-0598 ext. 229
Step 3: Between September 15th and October 1st, fill out the one-page application requesting the tax credit by clicking HERE.
Step 4: Upon approval of your application, DRS will issue an NAA program approval letter indicating the tax credit amount that may be claimed on the applicable business tax return.
Two NHS Projects Eligible for a 100% Tax Credit
- Energy Conservation Implementation on Rehabilitated Houses: Neighborhood Housing Services of New Haven (NHS) creates affordable, energy-efficient homeownership opportunities for low- and moderate-income first-time homebuyers. Through this project, NHS will implement comprehensive energy efficiency measures into our newly rehabilitated and constructed homes to help new homeowners save on their energy consumption and avoid costly retrofits.
- HomeEnergy ConneCT Supplemental Energy Grants: The New Haven HomeOwnership Center (HOC) will use HomeEnergy ConneCT Supplemental Energy Grants to help low-income homeowners make critical home energy conservation improvements to their properties, even if they do not qualify for other financing options. The HomeEnergy ConneCT Program (formerly known as I Heart My Home CT), which is a service of Neighborhood Housing Services of New Haven, provides one-stop support for people seeking to make energy efficiency upgrades to their properties that will improve the comfort and health of people’s homes, lower their utility bills, and move toward the State-mandated greenhouse gas emissions reduction of 80% below 2001 levels by 2030.
