Tax credit program will impact state's 42nd Senatorial District
January 16, 2018
The Pennsylvania Department of Community and Economic Development (DCED) recently announced the awarding of $17.9 million in tax credits through the Neighborhood Assistance Program (NAP), including more than $2.7 million in communities within the 42nd Senatorial District.
The NAP tax credit program encourages businesses to invest in projects which improve distressed areas.
“I have been, and will continue to be, a strong advocate for the NAP program,” State Sen. Wayne Fontana said in his newsletter. “I have introduced legislation, Senate Bill 512 (SB 512), that would double the allocation for this successful program, from $18 million to $36 million, so more neighborhoods and more deserving and needed projects can benefit.”
Following is a list of the projects that have been awarded tax credits, benefitting neighborhoods and communities within the 42nd Senatorial District:
Society of St. Vincent DePaul - $27,500 in tax credits to provide housing for some of Allegheny County’s homeless individuals facing the greatest barriers to self-sufficiency.
McKees Rocks CDC - $400,000 in tax credits used in part to continue rebuilding of business district and economic transformation of Sto-Rox community.
The Brashear Association – $228,000 in tax credits used for programs to prevent foreclosures, create jobs, provide job training and youth weekend/after-school programs.
Hilltop Alliance - $200,000 in tax credits used to assist in renovations of properties experiencing code violations, renovating key commercial properties, distributing fresh produce, providing for after-school and summertime activities for neighborhood youth, and connecting individuals to employment opportunities.
Lawrenceville Corporation – $180,000 in tax credits that improve resource access for seniors and youth, implementation of parking infrastructure, increase access to fresh food, and training and workforce development programs.
Northside Leadership Development – $360,000 in tax credits to reduce blight, increase local job growth, preserve and re-use historic structures, increase home ownership and renovate community entities.
Mt. Washington CDC - $80,000 in tax credits being used to provide for affordable homeownership, promote neighborhood, green jobs training and construct and maintain park trails.
Landmarks Community Capital - $80,000 in tax credits to restore architecturally significant but severely deteriorated homes in the Manchester neighborhood on Pittsburgh’s Northside and sell to low-to-moderate income households.
Bloomfield-Garfield Corporation – $160,000 in tax credits to remove blight, attract new businesses to vacant storefronts through a Main Street style program, improve educational outcomes for children, and connect teens and adults to employment opportunities and career training programs.
Hill District CDC - $160,000 in tax credits for the redevelopment of the business district and housing development along with addressing blight.
Pittsburgh Community Reinvestment Group, Sharpsburg Borough - $112,500 in tax credits to build an urban farmhouse, a greenhouse/grow space that would produce and sell fresh, locally-grown produce to residents and restaurants year-round, continue blight elimination, and add to the limited stock of affordable housing for sale.
FOCUS Pittsburgh - $68,750 in tax credits to continue offering free, medical, behavioral, and dental care to the underinsured and uninsured.
Shriber Holdings, LLC, - $200,000 in tax credits for the renovation of a blighted building in the City of Pittsburgh’s Northside neighborhood, that will house a business headquarters, with an opportunity to lease additional space to other businesses.
Greater Pittsburgh Food Bank - $515,000 in tax credits that will help the Food Bank increase food and product donations to keep up with rising demand.