Fairfield nonprofits, businesses to benefit under NAA

The town of Fairfield had received nine applications from local nonprofits for consideration under the 2014 Neighborhood Assistance Act (NAA) program.

The NAA program is designed to provide funding to state-approved community programs conducted by municipal agencies or community non-profit organizations. The community programs must first be endorsed by the host municipality prior to submission to the state Department of Revenue Services. If subsequently approved, the NAA allows businesses to claim a state tax credit for cash contributions made to these community programs.

The program is structured so that businesses that make charitable contributions to a qualified program are eligible to receive a credit, valued at 60% to 100% of the amount contributed, on their state corporate income tax. The minimum contribution on which a tax credit may be granted is $250, and the maximum contribution that any nonprofit or municipal entity can receive under this program is $150,000. There are no local funds involved.

The types of community programs that qualify for the NAA tax credit program include, but are not 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 town received the following applications by the April 28 deadline: Wakeman Boys & Girls Club, after-school programming; Wakeman Boys & Girls Club, McKinley Elementary School outreach; Operation Hope of Fairfield, community hunger and homelessness services; Pilot House, therapeutic riding and vocational support; Notre Dame High School, energy efficiency upgrades and construction; Notre Dame High School, educational outreach and operating support; Fairfield Theatre Company, Saturday Kids; CT Challenge, Cancer Survivor Wellness Program ($150,000); and Junior Achievement of Western Connecticut, financial literacy and life skills development.

The town will hold a required public hearing on these applications as part of the Board of Selectmen meeting on Wednesday, May 7.

For more information about the applications received or the NAA program, call Mark Barnhart, director of Community & Economic Development, at 203-256-3120.

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